, Indonesia

Indonesia expects trend of higher coal prices to extend until end-2018

Coal production has already hit 48.5 million tonnes or 9% of national production in 2018.

Indonesia is expecting the upward trend of coal prices to continue until the end of the year on the back of increased global demand for the commodity, Antara News reports.

According to Rendra Prasetya Kiswono of the Coordination Function Analysis and Policy Commission of Bank Indonesia for South Sumatra, high demand for coal in the world market is in line with the onset of the winter season in mainland China. China needs adequate coal supply to generate six power plants in the face of the temperature below zero Celsius degrees.

"The price of coal is good at this time, so we recommend that this moment be used to increase the volume of exports," he told reporters.

Since the increase of coal prices in April 2018, the mining and quarrying sector in South Sumatra hit 19.90% of GDP, marking the highest contribution to the GDP. In 2018, South Sumatra’s total coal production is estimated to be at around 48.5 million tonnes or 9% of national production. 

Photo by Alan Murray-Rust CC BY-SA 2.0

Join Asian Power community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Why Singapore could be the ‘tipping point’ for ASEAN renewable and grid development
Heavily reliant on gas, the country is still on track for its 2035 net-zero target, but could be more ambitious to hit its 2050 goal by 2045.
Power Utility
Will the government pay for coal power exit in Vietnam?
The country’s coal power phase-out strategy sees renewables accounting for 67.7%–71.5% of the energy mix by 2050.