00:00 The Indonesian coal exporter broke the record, now it owns 50% of the world's market from January to October.
00:07 The achievement of the exporter is the biggest exporter of thermal coal in the world.
00:14 It is also a proof of Indonesia's success in competing with the market.
00:19 There were also some shares of the coal sector that strengthened last weekend.
00:28 On Friday, the data from the Kepler Analytic Company showed that Indonesia's thermal coal export exceeded 413 million metric tons in the first 10 months of 2023.
00:39 Compared to the same period last year, Indonesia's shipment rose 11.5% year-on-year, which is twice the total global coal export growth.
00:49 China and Hong Kong are the main targets for Indonesia's coal, importing 183 million tons or about 44% of the total export.
00:58 India is the second largest buyer, acquiring about 20% with 82 million tons, followed by other countries such as the Philippines, the third largest market with a net worth of about 7.2%, as well as Japan, South Korea and Taiwan.
01:12 Which country is the largest exporter? This time Indonesia is the best.
01:17 Australia is the second largest exporter of coal in this period with a market share of 19.4% year-on-year.
01:25 The third largest exporter of coal is Russia, with a share of 11%.
01:30 The fourth and fifth largest exporters are South Africa and Colombia.
01:34 These four countries have experienced a record decline in market share compared to Indonesia.
01:41 From the coal production side, based on a report by the United Nations For Environment Programme,
01:47 of the 20 top world's fossil fuel producers, none of them are committed to reducing coal, oil and gas production.
01:55 Although 17 countries, including Indonesia, have ambitious net zero emissions targets,
01:59 even the world's largest asset management company, Blackrock Inc., in early November, is still diligent in increasing the share of Indonesia's large coal emissions.
02:08 The key to Indonesia's growth is the relatively low price of coal compared to higher quality offered by competitors such as Australia.
02:15 Indonesia also enjoys significant transportation costs for the largest coal consumer in China and India,
02:22 making it a popular entry for sensitive importers to costs throughout Asia.
02:28 Along with that, the coal-related companies, especially those who are diligent in exporting black coal,
02:33 have been strong in the last few weeks, including Bumi, Adaro Energi, Bian and ITMG.
02:41 Other countries that are considered to be able to increase their coal export prospects are South Africa,
02:46 which plans to run eight coal-fired power plants longer than planned due to the electricity crisis,
02:52 as well as several European countries that are reopening coal-fired power plants that were no longer in use last year.
02:57 Nevertheless, the accumulation of Chinese coal stocks amid the spike in domestic production and import purchases
03:03 is likely to be the main challenge to the price of coal.
03:07 For IDX Channel News
03:10 IDX Channel News
03:13 [BLANK_AUDIO]
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