If from the beginning of the year (January 2021) up to now, the country’s reference coal price has increased by 72.7%. The coal price in August 2021 is Indonesia’s highest price in the past 10 years.

The reference price of coal (HBA) in August 2021 announced by the Indonesian government, as a basis for businesses producing and trading this item to offer selling prices, increased to 130.99 USD/ton, up 13.6 % compared to July 2021. If from the beginning of the year (January 2021) up to now, the country’s reference coal price has increased by 72.7%. The coal price in August 2021 is Indonesia’s highest price in the past 10 years.
According to the Indonesian Ministry of Energy and Minerals, the reason why this country’s reference coal price increased in August 2021 was because the world coal price continued to increase due to coal demand from North Asian countries such as Japan. , Korea and especially China increased sharply. In China, extreme weather caused heavy rain and floods in many regions, disrupting domestic coal production and transportation, while coal demand for thermal power plants has exceeded the supply of coal. China’s domestic supply.
Indonesia’s reference coal price for quality coal is 6,322 Kilo Calories/kg GAR, 8% moisture, 0.08% sulfur and 15% ash content. According to the Indonesian Ministry of Natural Resources and Minerals, as of July 26, 2021, the country’s coal production has reached 328.75 million tons, equivalent to 52.6% of the whole year 2021 plan. In 2021, Indonesia set a mining target of 625 million tons, of which domestic coal production will be 137.5 million tons.

Vietnam Trade Office in Indonesia

Source: Website of the Ministry of Industry and Trade

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