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Coal price rally firing up SGX-listed miners

Chinese buyers have come back into the market, and wet weather has disrupted coal production in Indonesia

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...

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