Coal Prices in Indonesia Rose on China and India Demand
Coal prices in Indonesia rose on strong demand from India and China. Indonesian coal has been offered at around $75 a tonne with a heating value of 6,300 kcal/kg. The price will increase up to $70-71 a tonne early this month.
One trader was quoted saying, “they can’t buy from Australia due to port constraints, and South African coal is more expensive, so they have returned to Indonesia.”
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Wed, May 5, 2010
Post by Mike Rodger, Coal Reporter