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Indonesia accounted for 74 per cent of all the thermal coal China imported in the first 11 months of 2021, but on Saturday, the Southeast Asian nation banned exports in January to prioritise its ...
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Indonesia's Ministry Of Energy And Mineral Resources Set Its March Thermal Coal Reference Price, Which Is Also Known Harga Batubara Acuan (HBA), At $84.49/T, Falling 3.76% Month On Month, The First Time Fall After A Five-Consecutive-Month Rise. The HBA Price Is 29.95% Higher Than $67.08/T In March 2020
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List Of Chinese Importers Of Indonesian Coal Indonesia Australia and Russia are still the main providers of coal worldwide the United States and Colombia3 have negative doubledigit yearonyear rates The destination of most of the imports is Asia ie China India Japan and Korea imports into Viet Nam doubled from the previous year and EU imports decreased by onefifth...
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China has tried to get around its ban on Australia by importing more from Indonesia, the biggest exporter of thermal coal, as well as from Russia, the United States and even South Africa, which hasn't been a traditional shipper to China. China's imports from Indonesia rose from 11.77 million tonnes in June 2020 to 18.28 million in June 2021 ...
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China uses coal to drive its massive industrial economy, and imported 323.22 million tons of coal in 2021, up from 303.99 in 2020. About 75 percent of China's total coal imports come from Indonesia. As China's relations with the US and Australia have soured, China implemented an unofficial ban on coal imports from Australia in 2020.
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Indonesian coal miners are the major beneficiaries of strong Chinese imports. The Indonesian 4,200kcal/kg coal index rose to USD45/tonne in January 2021 from an average of USD26/tonne in the seven months to November 2020. The surge is likely to be short-lived, although Fitch expects a 2021 average price that is higher than 2020 at USD32.5/tonne.
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