No Gain From Rain for Indonesia Coal on China: Energy Markets
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The heaviest rainfall in seven years in Indonesia, the world’s second-biggest coal exporter, is failing to stoke price gains as Chinese demand cools.
The price of coal leaving the port of Newcastle in Australia, the benchmark gauge for Asia, has dropped 1.3 percent this year, according to IHS McCloskey, a Petersfield, U.K.-based provider of coal data. Last year, it rose 8.5 percent.