Firm demand for Indonesian coal supports prices as supply tightens

摘要

Demand for Indonesian material remained firm with enquiries from China continuing to support spot prices this week. However, supply remained tight with key low c.v. miners in East and South Kalimantan understood to be struggling with production as they contend with heavy rain. "Chinese buyers are active and asking for quotes. Sellers are bullish,” a Jakarta-based trader said, adding that there is expectation for prices to firm further in the near-term.