On January 8, Indonesian coal prices continued their strong upward trend, driven by delays in RKAB approvals and the impact of the rainy season, which have tightened supply from small and medium-sized mines. The FOB price for 3800 kcal Panamax vessels was quoted at USD 49–50. Some power plants have slightly raised their tender prices, but actual transactions remain limited. Meanwhile, Australian coal with 5500 kcal was quoted at USD 75–77 FOB, with landed costs approaching CNY 700, narrowing the price gap with domestic coal. PriceSeek's analysis of thermal coal shows a long-short score of 1.5. The article indicates that Indonesian coal prices are being supported by tight supply from small and medium-sized mines due to RKAB approval delays and seasonal factors, pushing the FOB price for 3800 kcal coal to USD 49–50. The slight increase in tender prices from some power plants reflects tight spot supply driving prices higher. At the same time, Australian 5500 kcal coal is quoted at USD 75–77 FOB, with landed costs nearing CNY 700, narrowing the gap with domestic prices, which may reduce imports but overall supports upward pressure on coal prices. This reflects favorable supply-side disruptions amid stable demand, leading to strong upward pressure on spot prices.