We have Good understanding of the Indonasian coal market
Here are some key points about Indonesian coal trading:
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Major Producer: Indonesia is the world's fourth-largest producer of coal and has seen a notable increase in coal production, with record highs of 775.2 million metric tons in 2023.
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Export Dominance: It remains the leading supplier of coal to China, accounting for 55.8% of China's coal imports in 2023. The country has also increased its production quota for 2024 by nearly 30%.
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Supplier Base: Major coal trading activities often involve sourcing from established coal producers in Indonesia, particularly in regions like Kalimantan.
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Market Demand: The rise in thermal coal exports from Indonesia is largely driven by increasing demand, especially from China, despite high stock inventories.
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Competitive Pricing: Numerous trading companies offer ready-to-ship coal with competitive pricing, catering to different buyers across Asia.
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Regulatory Framework: The Indonesian government closely regulates coal production through quotas, known as RKAB, to manage production levels and ensure compliance with environmental standards.
