Coal exports will reach 199 million by 2014
Economy March 23rd, 2010
Exports of Indonesian coal would have jumped 13.71% to 199 million tons in 2014 from an estimated 175 million tons this year, adjusting to the increasing demand for energy resources in the global marketplace.
So said Director General of Mineral, Coal, and Geothermal (Minerbapabum) Ministry of Energy and Mineral Resources, Bambang Setiawan today as quoted by Bloomberg.
In addition to the export market demand is soaring, he also predicted coal demand in the domestic market will rise from 75 million tons this year to 110 million tons in 2014, up 46.67%.
In addition to volume increases, coal prices also continued to rise, especially in the last month. Indonesia as one of the country’s largest coal exporter national potential of this benefit.
Based on data GlobalCoal, coal prices for the January 1, 2010 in Newcastle, Australia, located at the level of U.S. $ 84.75 per ton. This price is lower than the previous week on December 25, 2009 at the level of U.S. $ 86.00, but still higher than the selling price average in December which amounted to U.S. $ 81.85 per ton.
Prospects for coal prices pushed energy shares are booked based on profits. Shares of PT Bumi Resources Tbk rose 1.87% or Rp50 to the level at Rp2.725 this afternoon, with transaction value of Rp1, 4 trillion.
Shares of PT Adaro Energy Tbk suffered the same fate, rose 1.12% or Rp20 be Rp1.810, followed by shares of PT Indo Tambangraya Megah Tbk which rose 0.30%, or Rp100 a Rp33.400. Then, the shares of PT Tambang Coal Bukit Asam Tbk surged 2.25%, or Rp400 a Rp18.200.
Increase in number of coal-based shares are held joint-stock price index (JCI) from falling further. At 15:07 o’clock time JATS closed down 0.12% or 3.05 points to 2602.23 level than the opening position at the level of 2605.48.
