Coal Market Bull After Indonesia Lifted Ban

Coal futures were trading around $230 per tonne on Monday, close to levels not seen since October 2021 and 40 dollars shy of its record peak, as an international energy crunch and supply woes persisted.

Indonesia has already lifted a ban on coal exports, citing improving conditions of coal supply for local power plants. Still, only exporters that fulfill their domestic market obligation will resume shipments in February,

which could continue to limit supply. Meanwhile, the French government has allowed electricity producers to burn more coal during January and February, saying it was necessary to ensure a secure supply of electricity.