Chinese major power group tenders for over 1Mt seaborne thermal coal

Chinese power utilities continued to float tenders for seaborne coal. One major state-run group is seeking 16 cargoes totaling 1.09 Mt of thermal coal with delivering laycan btw Feb and Mar through a tender that will close at 10:00 a.m. Beijing time on Dec 27. Nine cargoes should be of Indonesian origin, while other cargoes can from Indonesia, Australia, S Africa, Russia, Malaysia, the Philippines, or Colombia, according to a notice from the company.

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