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Indonesian Coal Exports to Decline by 10% YoY

Coal News - Published on Wed, 20 May 2020

Image Source: Indonesia Coal COVID19
According to IHS Markit, Indonesian coal miners are struggling with slow demand this year as businesses in India, one of the country’s major coal markets, hit the brakes due to a prolonged lockdown to contain the COVID-19 outbreak. As India’s demand slows, IHS Markit projects a 10 percent YoY decline in Indonesian coal exports to 406 million tonnes this year, from last year’s figure of 451 million tonnes.

IHS Markit had initially projected Indonesian coal exports at 419 million tonnes before India announced an extended lockdown and before market conditions worsened in Southeast and East Asia, which are Indonesia’s other major coal export markets.

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Posted By : Yogender Pancholi on Wed, 20 May 2020
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