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Indonesia thermal coal prices rebound on tight supply


After falling for two consecutive weeks, the Indonesian Coal Index (ICI) for low-calorific value (CV) coal rose by $1.42/tonne (t) for 4,200 GAR and $2.36/t for 5,000 GAR week-on-week (w-o-w). The same are currently assessed at $55.04/t and $79.64/t, FoB basis, respectively.
Shipment delays arising out of unforeseen rains in Kalimantan have led to lower number of cargoes available for Jun’21. Several mines in South Kalimantan have been suffering from waterlogging following heavy rains, informed market participants. Inquiries from China gained momentum from last week as its peak summer season neared and hydro


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