China is rationing natural gas toward higher value-added industry while curbing gas-fired power. Utilities are shifting to coal burn. This reflects supply security concerns and expected summer cooling demand.
Chinese buyers increased Indonesian procurement into Apr’26. Supply remains constrained. Indonesian miners cite capped quotas and uncertainty on H2’26 approvals.
A potential Super El Niño may intensify cooling demand across Asia in Q3’26.
Freight responded. Indonesia–China routes (P5, S10) reached 1-year highs, confirming firmer demand on the corridor. For further insights, contact [email protected].