Singapore (Platts)--16May2014/715 am EDT/1115 GMT
Indonesian thermal coal prices (click here) were steady Friday amid reduced production and weak demand from China and India, sources said.
"Demand has been flat. There has been no real movement," an Indonesia-based trader said.
A Singapore-based trader said he has not seen any drop in thermal coal prices "which is a good thing", adding he had heard Indonesian miners were cutting output to combat low prices but believed it was not a general trend.
The Indonesia-based trader said one of its mines cut production of 4,200 kcal/kg GAR and has not done any deals for the grade recently....
"Demand has been flat. There has been no real movement," an Indonesia-based trader said.
A Singapore-based trader said he has not seen any drop in thermal coal prices "which is a good thing", adding he had heard Indonesian miners were cutting output to combat low prices but believed it was not a general trend.
The Indonesia-based trader said one of its mines cut production of 4,200 kcal/kg GAR and has not done any deals for the grade recently....
