January 05, 2022 21:26 PM
The Chinese government’s ban on coal exports has caused coal prices in the global market to continue to rise.
[Bisnis.com Jakarta]With the Chinese government’s ban on coal exports, coal prices in the global market continue to rise to US$172 per metric ton.
In Australia, ICE Newcastle (ICE Newcastle) on January 4, 2022, the coal transaction value of 172 US dollars per metric ton for the January 2022 coal contract.
The above-mentioned price is 14.5 points higher than that of only US$151.75 per metric ton last weekend.
At the same time, for the coal contract in February 2022, the price of coal will gradually drop to US$164 per metric ton, while the price of coal for March 2022 will drop to only US$157 per metric ton. The above price increase only occurred following the price in the previous transaction on the exchange was revised down.
As my country implements the policy of banning coal exports from January to 31, 2022, coal prices are on the rise.
The Chinese government issued the above regulations in order to give priority to domestic coal supply to meet the needs of Guodian power plants and exclusive power plants.
At the site, all companies delivered coal on ships to Guodian Corporation and the exclusive power plant because the coal contract for domestic power plants fell short of the target set in January.
Ridwan Djamaluddin, director of the General Administration of Mines and Coal of the Ministry of Energy and Mineral Resources, stated: “Of the 5.1 million tons of domestic market obligations, as of January 1, 2022, only 35,000 tons, or less than 1%, can be supplied. .”
At the same time, President Jokowi stressed that coal mining companies must give priority to supply to meet domestic demand. In the interest of the country, he asked the Ministry of Energy and Mineral Resources, the Ministry of State-Owned Enterprises, and Guodian to find the best solution to meet domestic coal demand. (vn)
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