According to an Indonesian senior cabinet member, the country’s recent power emergency is over. Indonesian authorities have not provided an exact end-date for the ongoing export ban on coal, but we view recent statements as supportive of the ban being lifted in the immediate future. Certain importers have also addressed the issue through diplomatic channels to swiftly resolve the disruptive situation, adding pressure on the government to relax the outright export ban. Furthermore, the spokesperson stated the government is reviewing a new formula for its mandatory domestic sales policy, under which local producers currently must supply 25% of its production at a maximum price of USD70/tonne to domestic power generators.