Global Coal Prices Decline, What Should Indonesia Do?

According to Barchart, the price of ICE Newcastle coal is currently at $144 per ton for the January 2024 contract. This represents a substantial decrease compared to the prices observed in January 2023, which ranged between $265 - $389 per ton.

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16 Des 2023 - 23.24
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Global Coal Prices Decline, What Should Indonesia Do?

Kegiatan pertambangan batu bara di wilayah operasional PT Adaro Energy Tbk./ Dok Adaro

Bisnis, JAKARTA – In response to the decline in commodity prices, coal business players have taken a clear stance by increasing export volumes to the global market next year.

The coal industry, which had enjoyed a prosperous period in the previous year until early 2023, has witnessed a gradual contraction in prices over the last few months.

The price of ICE Newcastle coal is currently trading at $144 per ton for the January 2024 contract, marking a substantial decrease compared to the range of $265 - $389 per ton in January 2023, as reported by Barchart.

This decline is attributed to various factors, including the re-establishment of coal trade relations between China and Australia, an improvement in supply to importing countries, and China's initiatives to reduce coal purchases amid the expansion of clean energy capacity.

Cek Berita dan Artikel yang lain di Google News dan WA Channel
Editor: Rayful Mudassir
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Global Coal Prices Decline, What Should Indonesia Do?

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