This October, coal reference price (HBA) is government established by the USD 76.61 per ton. Prices dropped because it is still an oversupply. The fall in coal prices due to the global economic situation. When compared with the price in the same period last year, coal prices fell about 10.9%.
Our prediction, Coal prices declined until December 2013 than Increasing. In 2014 is expected to rise again, along with the economic recovery in the country of India and china.
China’s domestic coal prices will decline and the domestic supply of coal lands will increase, because the railway infrastructure for the distribution of Chinese coal will be realized mostly in mid-2013.
Japan’s coal imports are also expected to decline due to re-operation of the majority of nuclear power plants. Unlike the case with India and South Korea’s coal imports are expected to rise, because many Indian coal power plant will be operational in South Korea this year and that growth in electricity consumption is projected to increase.
Prospects for improvement of the ASEAN market is also expected to occur, as quite good economic growth in some countries of Indochina, thus increasing the need for coal as an energy source