Coal Market and Price Outlook in H2
What does additional output 75 million tons mean for export market?
Background
The Ministry of Energy and Mineral Resources has revised upward the country’s coal production target this year to 625 million tons from the initial plan of 550 million tons.
Ministerial decree No 66.K/HK.02/MEM.B/2021 says the additional output of 75 million tons will be entirely dedicated for the export market.
The upward revision in the country’s coal production target this year comes amid rising trend in the price of the commodity since the fourth quarter of last year.
The Indonesian Coal Mining Association said earlier that the country’s coal production this year is expected to exceed the government’s original target as coal miners are expected to revise upward their original coal output plans amid rising price trend.
The country’s coal production in the first three months ending March of this year reached 136.92 million tons, according to data from the Ministry of Energy and Mineral Resources.
Realized export volume in the three-month period reached 63.91 million tons. The ministry has set coal domestic market obligation (DMO) volume for this year at 155 million tons. Realized DMO volume as per end March was 19.50 million.
The webinar would explore the government’s policy on coal export and its impact on global coal market and price outlook in 2021.
The webinar series would explore
Invited Speakers
Sujatmiko, Director of Coal Development at Directorate General of Mineral and Coal
Dr. Lars Schernikau, Shareholder HMS Bergbau
Jimmy Deng, General Manager of Indonesia Branch of Century Commodities Solution (CCS).
Ghee Peh at the Institute for Energy Economics and Financial Analysis (IEEFA)
Jusnan Ruslan, Director of PT. Indo Tambangraya Megah Tbk
Patricia Lumbangaol, Market Research Manager of Adaro Coaltrade Services International
Arius Dimara, President Director of PT Tanjung Alam Jaya (TAJ)
Hendra Sinadia, Direktur Eksekutif Asosiasi Pengusaha Batubara Indonesia (APBI – ICMA) (MODERATOR)
Agenda
| 14.00 | Introduction and opening remarks Hendra Sinadia, Member of the Energy & Mineral Resources Committee, Indonesian Employer Association (APINDO) |
| 14.10 | Overview of the government policy on coal export and domestic use (Opening speech in Bahasa Indonesia). Opening Speech: Sujatmiko, Director of Coal Development at Directorate General of Mineral and Coal. |
| 14.25 | Overview of global coal supply and demand trends in 2021 Keynote Speaker: Dr. Lars Schernikau, Shareholder HMS Bergbau |
| 14.45 | China market outlook in the second semester: What additional coal supply from Indonesia means to China export market. Speaker: Jimmy Deng, General Manager of Indonesia Branch of Century Commodities Solution (CCS). |
| 15.00 | Understanding ASEAN coal market outlook in the second semester -- What are opportunities for Indonesian mining company? Speaker: Ghee Peh at the Institute for Energy Economics and Financial Analysis (IEEFA) |
| 15.15 | Panel Discussion: Miners Perspective on coal outlook in the second semester.
Ghee Peh at the Institute for Energy Economics and Financial Analysis (IEEFA)
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| 15.30 | End of Webinar |
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