Global seaborne thermal coal production is unlikely to meet demand in Indonesia , according to Citi analysts . The 477 million tonnes forecast to be shipped is short of the 508 million tonnes required , it said . Citi blames the shortage on declining capital expenditure in the mining industry and a slump in Indonesian thermal coal production . Russia , India and China are driving demand , it said .
Global seaborne thermal coal supply is unlikely to meet demand in H2, according to Citi analysts. The 477 million tonnes forecast to be shipped is short of the 508 million tonnes required, it said. Citi blames the shortfall on declining capital expenditure in the mining industry and a slump in Indonesian steam coal exports. Japan, India and China are driving demand, it said.