Alan Nye recently returned from the 2nd Coaltrans East Asia Networking Forum in Seoul, Korea, which he attended as a Roundtable Moderator discussing the future of the Indonesian coal industry.
Indonesias coal exports are expected to decline due to new administrative protocols to come into effect today.
A slight recovery in prices for Indonesian-origin thermal coal is expected by some traders once Jakartas new export licensing regime takes effect on October 1 and after Indias Supreme Court
Some Indonesian thermal coal suppliers who have already received their export licenses were trying to push up offer prices for October cargoes
Indian thermal coal buying supported prices for specific grades of Indonesian thermal coal, but further gains were capped due to the uncertainty surrounding the implementation of the Indonesian export
The government announced its coal reference price (HBA) for September 2014 at US$69.69 per ton FOB vessel, lower than $70.29 per ton set in August 2014.
Director General of International Trade at the Ministry of Trade (MoT) Partogi Pangaribuan said that the number of coal mining firms which have obtained the necessary export license from the ministry
Fitch Ratings-Singapore-09 September 2014: Fitch Ratings says that a meaningful level of merger and acquisition (M&A) activity leading to a consolidation of the coal sector in Indonesia is unlikely
A few smaller to medium-sized Indonesian thermal coal suppliers were reportedly delaying September-loading shipments indefinitely ahead of the implementation of the export license rule from October 1
The map highlights key coal mining, coal-fired power and logistical sites throughout the Indonesia Republic.