The 27th Conference of the Parties takes place November 6-18 in Sharm El Sheikh, Egypt
Australia's road map to phasing out a large part of its coal-fired power generation over the next…
Voluntary carbon markets remain predominantly global in nature, with credits being exchanged across…
South Kalimantan thermal coal miners facing delays from flooding
Asian LNG procurement heating up as winter approaches
Platts Global Coal Alert
Trainings courses at Global Carbon Markets Conference
Australia's plan to shift focus away from coal comes with own set of risks
Commodity Tracker: 4 charts to watch this week
Force majeure clauses evoked by Indonesian miners due to flooding
Loading delays expected in South Kalimantan and East Kalimantan
singapore — Thermal coal miners in South Kalimantan were experiencing loading delays following flooding in the region, sources said Jan. 19, with a state of emergency having been declared on Jan. 15.
Receive daily email alerts, subscriber notes & personalize your experience.
The miners produce thermal coal with calorific values from 3,000-5,200 kcal/kg NAR, the sources said.
“The flood has slowed down the production of coal, creating delay to some shipments,” a South Kalimantan miner said. “We have stopped offering to the market amid tightening supply.”
A North China-based trader said: “A trader in China is seeking a prompt cargo of coal as loading got delayed.”
Miners in East Kalimantan were also experiencing loading delays and slower production, with Multi Hara Utama and Insani Baraperkasahas having declared force majeure on Jan. 5 and Jan. 17, respectively, sources said.
That has led to expectations of a supply crunch, buoying the Indonesian coal market at a time of solid demand from China.
“The market is on fire now,” one China-based trader said, while others said the rise in prices would reverse as weather conditions improved.
Asia-Pacific Supramax and Panamax markets remained resilient despite Indonesian coal cargo laycans being delayed, shipping sources said.
To continue reading you must login or register with us.
It’s free and easy to do. Please use the button below and we will bring you back here when complete.