Middle East gas shortage triggers coal substitution trend! Indonesia's new export regulations disrupt supply, and Asian coal prices soar to a two-year high.
The Securities Times app noticed that, due to Indonesia's implementation of new export regulations causing delays in shipments, coupled with the approaching summer season leading to a surge in fuel demand for power plants, the supply has further tightened. As a result, a key benchmark price for thermal coal in Asia has soared to its highest level in nearly two years.
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