China and India Cut Imports of Lower-Quality Coal From Indonesia

The world’s biggest and second-biggest coal importers, China and India, respectively, have reduced purchases of Indonesia’s lower-grade thermal coal as lower coal prices have made higher-grade coal competitive this year. China and India have seen declines in their overall coal imports in recent months amid higher local production and an oversupply on their domestic markets. Yet, imports from Indonesia, the world’s biggest thermal coal exporter, have been falling at a faster pace compared to overall imports, officials in the industry…