Key insights

• 🌏 Indonesia's president emphasizes prioritizing domestic energy supply over coal export. Review of coal export ban. China's increasing reliance on Indonesian thermal coal.
• 📈 China's imports from Australia increased by 54% and accounted for 74% of its total imports. Rise in power core futures by as much as 7.8% on the first trading day. Concern among people in China about a potential coal shortage.
• ⚙️ The government is urging domestic miners to increase production to manage the situation effectively. Chinese officials believe the coal ban in Indonesia will only have a short-term impact.
• 🎉 Chinese New Year holiday starting on January 31st. Potential production hold in lead-up to Winter Olympics to curb pollution. Impact on power crisis in China and potential regional implications for Indonesia's coal export.
• 💼 Export ban in China, India, Japan, and South Korea led to higher coal prices in those countries. Short-term impact expected to be limited as these countries have their own coal inventory and shipments from other countries. Expectations for Indonesia to lift the ban soon.

Q&A

• How has the export ban in Asia's economic powerhouses affected coal prices in those countries?

  The export ban in Asia's economic powerhouses, including China, India, Japan, and South Korea, has led to increased coal prices in those countries. However, the ban is expected to have a limited short-term impact as these countries have their own coal inventory and can source shipments from other countries.

• What potential crisis is China facing due to the extended ban on coal production?

  China faces a potential power crisis due to the extended ban on coal production, which could impact winter energy supplies. The situation may have regional implications, given China's position in the global coal market.

• What steps is the government in Beijing taking to address worries caused by the coal ban in Indonesia?

  The government in Beijing is urging domestic miners to boost production to mitigate worries caused by the coal ban in Indonesia. This effort aims to manage the potential impact on China's energy needs effectively.

• What impact did the increased imports from Australia have on China's coal market?

  The increased imports from Australia, which accounted for 74% of China's total imports, led to a rise in power core futures and raised concerns about a potential coal shortage in China.

• How has China's reliance on Indonesian thermal coal been affected by the export ban?

  China's reliance on Indonesian thermal coal has increased due to the export ban. This has implications for both Indonesia's export market and China's energy needs.

• Which countries received the remaining coal exports from Indonesia in 2020?

  Apart from China, the remaining coal exports from Indonesia went to India, the Philippines, Malaysia, and South Korea.

• What percentage of Indonesia's coal exports went to China in 2020?

  In 2020, 80% of Indonesia's coal exports went to China.

• What is the reason behind Indonesia's decision to halt overseas coal supplies?

  Indonesia halted overseas coal supplies to protect its own dwindling coal stockpile. The country's president emphasized prioritizing domestic energy supply over coal export, given the current situation.

• 00:00 Indonesia, the world's biggest exporter of thermal coal, announced a halt in overseas supplies to protect its own dwindling coal stockpile. In 2020, 80% of Indonesia's coal export went to China, and the remaining to India, the Philippines, Malaysia, and South Korea.
• 00:32 🌏 Indonesia's president prioritizes domestic energy supply and reviews coal export ban; China's reliance on Indonesian thermal coal increases.
• 01:05 China's imports from Australia increased by 54% and accounted for 74% of its total imports. This has led to a rise in power core futures and a concern about a potential coal shortage.
• 01:34 The government in Beijing is taking steps to mitigate worries caused by the coal ban in Indonesia by urging domestic miners to boost production.
• 02:08 Potential power crisis in China due to extended ban on coal production and impact on winter energy supplies
• 02:38 The export ban in Asia's economic powerhouses (China, India, Japan, and South Korea) has led to increased coal prices in those countries. However, the ban is expected to have limited short-term impact as these countries have their own coal inventory and shipments from other countries.