Coal Prices estimated Up To 10 Percent

Jakarta-Commodity Futures Trading Supervisory Board, Tuesday (28/02/2012), projected in 2012 Indonesia's coal price likely to rise 5-10 percent, triggered by rising domestic demand or exports.

Coal demand from China and India are still high, plus the new demand from Japan which began to divert electricity from nuclear power plants to power stations.

China and India are countries of major purchasers of coal. Due to the strong bargaining position, they can determine the increase or decrease the price of coal, including coal production from Indonesia PT Bukit Asam . Indonesia is the largest exporter of steam coal in the world.

China to buy coal for their power plant. Average selling prices for the domestic market in nine months in 2011 reached Rp. 763 000 per ton, up 24 percent from the previous Rp. 613 214.

While for the price of its exports in the same period reached 100.19 U.S. dollars per ton, an increase of 53 percent from 65.44 U.S. dollars per ton, said the Head of R Sempurnajaya Bappebti Syahrul.

Thermal coal prices at Qinhuangdao China, the largest port for coal shipments, the decline of trade yesterday.

Decline in coal prices influenced the increase of inventory in a slowing demand for coal in the current global economic crisis is still at risk due to economic problems in the European Zone.