Shares of coal producers have all retreated from their recent peak to follow correction of thermal coal price. Still, the last quoted price of Newcastle coal futures at US$440 per ton, guarantees huge profit for Indonesian coal miners in the second half. Continued robust demand and persistent supply disruptions exacerbated by the Ukraine-Russia war sent the commodity to a record US$460, but then retreated on concerns about global economy, including Covid-19 related restrictions imposed in China.To subscribe please click here
