Govt Sets Coal Price of US$90 per Ton for All Industries

By Editorial Team 28/03/2022
Summary

The Ministry of Energy and Mineral Resources (ESDM) expanded the US$90 per ton maximum coal price for all domestic industries, except for smelters. This policy takes effect on April 1. Previously, this price only applied to the cement and fertilizer industry. The change is contained in the ESDM Minister Decree Number 58.K/HK.02/MEM.B/2022 on the Selling Price of Coal to Fulfill Domestic demands for Industrial Raw Materials/Fuels.

"To provide certainty in fulfilling demands for coal as raw material/industrial fuel in the country, it is necessary to determine the commodity selling price for domestic raw materials," citing the consideration of the ESDM Minister Decree 58/2022 issued on March 23. The first dictum of the regulation states that the government sets the coal selling price to meet domestic industrial raw materials/fuel demands at US$90 per metric ton free on board (FoB) vessel.

Register now and get free access.

If you want to get free access to our Daily Insights and Weekly Digest, please click "Sign up" button below. If you already have an account, please login.

Sign up
Log in
What do subscribers receive?

As a subscriber, you'll receive daily insights, weekly business digests, and quarterly industrial reports.

What kind of pieces will i get?

In-depth reports on assumption and impact analysis, as well as update and trends mapping, written by our credible and experienced analysts.

And, there is something else…

Register now and get free access, click here to register. Feel free to contact us with any additional questions you have.