Adaro says expects China coal demand to stay strong
NUSA DUA, Indonesia, June 2 |
NUSA DUA, Indonesia, June 2 (Reuters) - Indonesia's PT Adaro (ADRO.JK), the country's second-largest coal producer, expects China's demand for overseas coal to stay strong in the second half of this year, a company official said on Tuesday.
"From the signs we've seen, going forward, we can only say it is still looking strong in the second half," Alastair Grant, Adaro Marketing Director, told the Coaltrans conference in Bali.
"Strong domestic pricing in China means overseas coal should stay still competitive." (Reporting by Fayen Wong and Fitri Wulandari; Editing by Muralikumar Anantharaman)
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