DAILY: Chinese buyers favor Indonesian low-CV thermal coal

Chinese buyers showed increased buying interest in Indonesian thermal coal with low calorific value (CV) on October 25, considering its stable supply and considerable price advantages over China's domestic comparable cargoes, sources noted.

Sources shared that more inquiries emerged for low-CV Indonesian coal among Chinese traders last Friday, as they need to complete their short-covering purchases. "Although Chinese end-users are still not in a rush to restock with cooler weather curbing power consumption, we are not so bearish about the near-term market as