Indonesian coal exports 11.5% to second highest level on record, reports Bimco.
Reason for the hike
Due to supply concerns at domestic power plants, Indonesian authorities banned coal exports during January 2022, removing around 30% of global coal volumes from the bulk market as a result. This caused Newcastle coal futures to increase by more than a third and added strain on coal inventories across Asia. The ban was lifted in February.
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Source: Bimco
