Jakarta, CNBC Indonesia – The end of the use of coal as an energy source is in sight. The reason is that many countries in the world are starting to plan to reduce and stop the use of the ‘black gold’ for the reason of reducing emissions. These steps were strengthened by the existence of … Read more
Jakarta, CNBC Indonesia – The Indonesian coal giant, PT Bumi Resources Tbk (BUMI) has also raised its voice amid the continuing fall in coal prices, coupled with the threat of reducing coal consumption from China and India. Dileep Srivastava, Independent Director and Corporate Secretary of BUMI, said that his party is still optimistic that coal … Read more
Jakarta, CNBC Indonesia – Coal prices plunged last week. It’s been two weeks in a row the price of the black stone has fallen drastically. Last weekend, the price of coal on the ICE Newcastle (Australia) market was recorded at US$ 154.9/ton. A plunge of 10.12% from the previous day. On a weekly basis, the … Read more
Jakarta, CNBC Indonesia – Along with lower oil prices this week, world coal prices have been under pressure for a week, following an investigation by the Chinese government to control prices. Newcastle’s benchmark thermal coal price for futures contracts (futures) which was heavily traded at the price level of US$ 223.45/ton on Friday (31/10/2021), or … Read more
Jakarta, CNBC Indonesia – The Chinese government is considering intervening in sharply rising commodity prices, including coal. Some time ago, China’s National Development and Reform Commission (NDRC) revealed that it was studying steps that could be taken to intervene in coal prices. They will make every effort to get the price back into a reasonable … Read more
Jakarta, CNBC Indonesia – The price of coal is like roller coaster in October. At the beginning of the month, coal continued to climb to break an all-time high, but after that it reversed to tens of percent, and was at its lowest level in almost 3 months. The movement of coal this month is … Read more
Jakarta, CNBC Indonesia – Coal prices fell again in yesterday’s trading. What’s wrong? Yesterday, the price of coal on the ICE Newcastle (Australia) market was at US$ 172.35/ton. It’s down 5.9% from yesterday’s position and is the lowest since September 1, 2021. profit taking (profit taking) seems to be the cause of the price correction … Read more
Jakarta, CNBC Indonesia – Shares of listed coal companies fell on Thursday (28/10) trading in line with the correction in global coal prices after skyrocketing sharply in the past month. The decline in coal stocks also coincided with the fall Composite Stock Price Index (IHSG) which sank to leave the psychological 6600 level. Shares of … Read more
Jakarta, CNBC Indonesia – Prices of mining commodities, both coal and minerals, are currently soaring. In fact, the price of coal has almost touched US$ 300 per ton, the highest since at least 2008. In the midst of passionate mining commodity prices, this is not the case in terms of investment. The Ministry of Energy … Read more
Jakarta, CNBC Indonesia – Coal prices collapsed at the end of last week’s trading. What is the price prospect of the black stone? Have you entered the saturation period? Last weekend, the price of coal on the ICE Newcastle (Australia) market was recorded at US$ 191/ton. Up 4.97% compared to the previous day’s close of … Read more