Indonesia's coal exports fall 11.7% YoY in Feb

Indonesia exported 36.58 million tonnes of coal in February, lower by 11.7% on year and 7.5% on month, according to the latest data released by Statistics Indonesia (BPS).

The export volume marked the second-lowest monthly total since March 2022 and was only fractionally higher than the 34.93 million recorded in June last year when extremely thin margins had weighed on exports and miners had turned to strengthen domestic sales instead, Mysteel Global notes. The decline in exports is