China Coal Buyers Said to Seek Cargo Deferrals Amid Supply Surge

Thermal-coal buyers in China are negotiating to defer imports amid a surge in stockpiles, according to three Indonesian sellers of the fuel.

Traders are asking to delay shipments of Indonesian power-station coal for as many as two weeks as stockpiles in China’s main ports are sufficient, said two of the people who declined to be identified because the information is confidential. One buyer asked to reschedule a 50,000-ton cargo for June delivery, according to one of the people.