Singapore
A CONFLUENCE of fresh factors - chiefly renewed demand from China, the world's top coal buyer, and a weather-led supply crunch in Indonesia - is stoking a rally in coal prices, which could turn the trio of upstream coal miners listed on the SiThe price of 4,200 GAR coal, a popular Indonesian coal grade among Chinese and Indian coal buyers, has shot up to US$33.50 per metric tonne FOB (free on board). This price is some US$3/mt up from the start of the year, and underscores last November's...