Latest Update in the SMM Coal Market

This week, ferrous metals overall moved sideways. Among them, coking coal and coke were hit hard by expectations of the "stable coal production and supply" policy from three ministries, leading to larger declines...

The Indonesian government plans to establish a public service agency in the energy sector (BLU Energi) through a presidential regulation, responsible for the procurement and supply of thermal coal and natural gas. The proposed procurement function has raised market concerns about the relationship between BLU Energi and the existing domestic market obligation (DMO) mechanism, coal pricing, and the allocation of domestic coal supply in China.