Indonesian HBA fell to lowest level since January 2011 in
June 2012. The monthly coal reference price for coal sales this month fell 5.36
percent, the lowest dropped in last 18 Months.
The Ministry of Energy & Mineral Resources of Indonesia
sets the coal's spot price for June 2012 at US$ 96.65 per ton, US$ 5.47
lower than May 2012 Price. The June 2012 HBA was 18.80 percent or $22.38
lower on Y-o-Y basis.
In another significant move, the Energy minister of Indonesia, the world's top
exporter of thermal coal said that it has no intention of imposing export duties
on the power plant fuel after officials had said this week curbs were being
planned.
“We have never discussed that,” Energy and
Minerals minister Jero Wacik told reporters in Jakarta. “I have to confirm
to all coal companies that there is no plan to impose export duties,” he
said.
Indonesia's thermal coal output is expected to reach 390 million
tonnes this year, up 5 percent from the previous year & Indonesia's coal
demand is seen growing 10 percent next year to 63.2 million tonnes and then to
about 68 million tonnes by 2014, state utility PLN said this week.
Leave a Reply