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Monday, 19 September 16
AFTER YEARS OF COMA, COAL BECOMES THE MOST ATTRACTIVE COMMODITY RIGHT NOW
Coal ExcavatorCOALspot.com: China boosted coal imports in recent months. The Chinese government’s drive to cut over capacity pushed up the demand for thermal coal particularly for Indonesian coal. Chinese coal importers were importing more coal from Indonesia and the inquiries for Q4 deliveries were seen in the market.

A coal miner in Indonesia who is familiar with coal exports to China and India says coal Inquiries from Chinese buyers were quite high compared from India. Several coal buyers from China were looking for coal for October loading and their bidding prices quite attractive compared to Indian buyer's bids.

The miner further noted that, 3800 NAR coal being offered at around US$ 34 - 35 per ton FOB vessel for October loading while 4700 NAR coal being quoted at around US$ 52 - 53 per ton FOB vessel for the same period.

Presently Inquiries from India were quite low, however, we expect India will be in the market soon, says the same miner.

Indonesian miners were not increasing coal output instead of coal price rallies since early April 2016. According to the miners, it is too early to review coal output from its original plan as coal prices were increasing because of Chinese government regulation on coal mines working days.

Indonesia's coal out in 2016 is expected to lower than last year's output while the domestic consumption has been increased compared to last year consumption.


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