Bloomberg reported that Indonesian coal swaps held steady.
As quoted in the market report:
The swap for Indonesian sub-bituminous coal with a calorific value of 4,900 kilocalories a kilogram in the second quarter was unchanged at $64.75 a metric ton on a net-as-received basis, Ginga said in an e-mail today. The February contract held at $63.60.
Love It Or Hate It: 40% Of Electricity In The United States Is Generated From Coal. China uses even more.
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