For the first time, Indonesia accounted for more than 50% of global thermal coal exports during the January to October window, data from Kpler shows, indicating its success in wresting share from rival exporters.
Indonesia coal exports by destinationIndia was the second largest buyer of Indonesian coal, grabbing a roughly 20% share of the total (82 million tons).
Indonesia vs Australia thermal coal pricesThat compares to an average $184 per ton for the roughly 6,200 kcal/kg coal shipped from Newcastle in Australia.
Indonesia coal export price vs Indonesia coal exports to ChinaThe price to ship a ton of coal from Indonesia to China is currently around $8-$10, compared to $14-$15 a ton for the Australia to China voyage, according to Shanghai Shipping Exchange data.
And that means Indonesia's full-year coal exports will smash previous records for 2023 as a whole.
Persons:
Gavin Maguire, Tom Hogue
Organizations:
Russia, TOP, China, Australia, Indonesia, Shanghai Shipping Exchange, Reuters, Thomson
Locations:
Cilegon, West Java, Indonesia, LITTLETON , Colorado, South Africa, Colombia, United States, Hong Kong, India, Philippines, Japan, South Korea, Taiwan, China, Australia, LSEG, Newcastle, Mozambique, Russia, Indonesian, Asia