DAILY: Indonesian thermal coal prices face downward pressure

Source: Mysteel Feb 11, 2025 11:20

Indonesian thermal coal prices have maintained a fragile stability since the Chinese New Year (CNY) holiday concluded, yet the downward pressure continued mounting as the sluggish demand bit, sources reported.

As of February 10, Mysteel assessed Indonesian Panamax 3,800 kcal/kg NAR thermal coal at $49/tonne FOB Kalimantan, unchanged since February 6 but down $1/t from January 27, the last working day prior to the CNY holiday. The price of Indonesian 4,700 kcal/kg NAR coal came in at $70/t on the

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