DAILY: Indonesian thermal coal prices firm amid 2026 RKAB cuts

Indonesian thermal coal prices firmed up amid the growing supply concerns, as the energy ministry moved to sharply reduce coal production quotas for 2026. The prospect of tighter supply prompted some sellers to temporarily suspend making offers, awaiting more clarities on the policy, sources said.

As of February 2, Mysteel assessed Indonesian 3,800 kcal/kg NAR thermal coal at $50.5/tonne FOB Kalimantan, up from $50.3/t in previous session and $49.5/t a week earlier. Spot offers remained limited, with few Indonesian miners actively marketing spot cargoes. Market participants said that if Jakarta slashes 2026 Work Plans and