Coal Jumps as Indonesia Tightens Export Curbs

AI Summary

Thermal coal futures surpassed $150 per ton, reaching the highest since September 2023 after Indonesia tightened export restrictions on coal. The curbs are expected to delay shipments amid rising seasonal demand driven by summer heat and increased air conditioning electricity consumption.

Thermal coal futures climbed above $150 per ton, reaching their highest level since September 2023 after Indonesia tightened export controls on commodities, a move expected to delay coal shipments from the country. The decision came amid stronger seasonal demand, with summer heat boosting electricity consumption for air conditioning. Ongoing disruptions linked to the Middle East ...