Australian Coal Supply Disrupted, Benchmark Coal Price Surges in Early 2023

Mining

Lite

Adi Ahdiat 05/01/2023 16:50 WIB

URL has been copied

Memuat...

Indonesia's benchmark coal price (HBA) increased by 8.43% to US$305.21 per ton in January 2023. According to the Ministry of Energy and Mineral Resources (ESDM), this was influenced by disruptions to

Indonesia Coal Reference Price (January 2020-January 2023)

A Font Kecil
A Font Sedang
A Font Besar

Access single data

Australian Coal Supply Disrupted, Benchmark Coal Price Surges in Early 2023

Want to get more access to Data Stories with a more affordable price? Subscribe.

By subscribing, you join us in presenting quality data.

Get:

Premium Data Stories access
Comfortable reading without ads
Download data in XLS, PDF, and image format
Access to data source information

Basic

~~Rp100.000~~

Rp50.000/month

Professional

~~Rp100.000~~

Rp150.000/month

Institutional For organizations

We accept the following payments:

Some payment methods are still in the process of being activated.

Indonesia Coal Reference Price (January 2020-January 2023)

Download

Source

A Small Font
A Medium Font
A Bigger Font

Indonesia's benchmark coal price (HBA) reached US$305.21/ton in January 2023, an 8.43% increase from the previous month.

According to the Ministry of Energy and Mineral Resources (ESDM), the HBA's increase at the beginning of the year was due to distribution disruptions from Australia, a major global coal supplier.

"The surge in Australian coal prices is currently due to heavy rainfall, which has hampered coal transportation," said Agung Pribadi, Head of the Bureau of Communication, Public Information Services, and Cooperation (KLIK) at the Ministry of ESDM, in a press release on Monday (2/1/2023).

"Problems at loading ports, which have hampered the supply of Australian coal to importing countries such as Japan and Korea, also contributed," he continued.

The World Bank had predicted that prices of fossil energy commodities, including coal, would decline starting this year, in line with the slowing global economy.

"After surging 60% in 2022, energy prices are projected to fall 11% in 2023 and a further 12% in 2024," the World Bank stated in its October 2022 Commodity Markets Outlook report.

"This outlook is primarily driven by slowing global economic growth, weaker natural gas demand as households and industries reduce consumption, and supply responses, particularly for coal," it continued.

Despite the weakening, coal prices until 2024 are predicted to remain at least 50% above the pre-pandemic average.

"High energy prices will persist and impact inflation, such as higher transportation costs and electricity tariffs for businesses," said the World Bank.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."