8th World Antimony Forum

TBD
Guiyang, Guizhou, China

12th Rare Earth Summit

TBD
Hangzhou, Zhejiang, China

11th Aluminum Raw Materials Summit

TBD
Hangzhou, Zhejiang, China

9th Magnesium Summit

TBD
Hangzhou, Zhejiang, China

13th World InBiGeGa Forum

TBD
Hangzhou, Zhejiang, China

7th World Antimony Forum

June 13-14, 2019
Changsha, Hunan, China

7th Refractory & Abrasive Materials Summit 2019

May 23-24, 2019
Qingdao, Shandong, China

10th Aluminum Raw Materials Summit

May 16-17, 2019
Zhengzhou, Henan, China

11th Rare Earth Summit

May 9-10, 2019
Qingdao, Shandong, China

8th Magnesium Summit

April 11-12, 2019
Zhuhai, Guangdong, China

12th World InBiGeGa Forum

March 14-15, 2019
Zhuhai, Guangdong, China

APBI calls to coal producers for output cuts

2020-07-01 08:36:11   【Print】
The Indonesian Coal Mining Association (APBI) has asked its members to cut output by 40-50 million tons during June-December to prevent a freefall in prices.Asian Metal Copyright1 million tons amid signs of an accelerating decline in monthly production, according to energy ministry data.Asian Metal Copyright The group expects exports to fall by up to 60 million tons in a challenging 2020 due to a lull in demand from China and India.

The association has advised its 89 coal-producing members to work together and offer "disciplined" and "coordinated" supply cuts to improve margins.

Indonesia's coal output in January-May fell by 8.5% YOY to 229.Asian Metal Copyright This means that monthly shipments to the seaborne market will likely fall short of 2018 and 2019 throughout the remainder of this year.Asian Metal Copyright1 million tons amid signs of an accelerating decline in monthly production, according to energy ministry data.Asian Metal Copyright1 million tons amid signs of an accelerating decline in monthly production, according to energy ministry data.Asian Metal Copyright The APBI said that January-May output was 20 million tons lower on the year but that even steeper cuts will be needed.

Indian coal imports could decline by 30 million tons on the year in 2020, with 22-27 million tons of this drop coming from Indonesia, the APBI said. India is Indonesia's second-biggest market for its thermal coal exports.

Indonesian coal exports for the full year could decline by as much as 50-60 million tons against last year to 394-404 million tons, the association said. This means that monthly shipments to the seaborne market will likely fall short of 2018 and 2019 throughout the remainder of this year.

At the same time, domestic demand for coal is also expected to drop to 128-138 million tons for 2020, lower than the country's earlier forecasts of 155 million tons and actual consumption of 138 million tons in 2019.

.Asian Metal Copyright This means that monthly shipments to the seaborne market will likely fall short of 2018 and 2019 throughout the remainder of this year.Asian Metal Copyright