Coal Price Up 77% in 2 Days! Now Drop…

Jakarta, CNBC Indonesia – Coal prices fell in yesterday’s trading. Understandably, two days earlier the price of the black stone soared and flew high. Yesterday, the price of coal on the ICE Newcastle (Australia) market was at US$ 358.45/ton. A fall of 19.63% compared to the previous day’s closing position. On March 2, 2022, coal […]

Signs of the World’s Coal ‘Apocalypse’ in Sight!

Jakarta, CNBC Indonesia – The end of the use of coal as an energy source is in sight. The reason is that many countries in the world are starting to plan to reduce and stop the use of the ‘black gold’ for the reason of reducing emissions. These steps were strengthened by the existence of […]

The Price of Coal Falls Down!

Jakarta, CNBC Indonesia – Coal prices plunged last week. It’s been two weeks in a row that the price of the black stone has fallen drastically. Last weekend, the price of coal on the ICE Newcastle (Australia) market was recorded at US$ 154.9/ton. A plunge of 10.12% from the previous day. On a weekly basis, […]

Xi Jinping Country Takes Action, Coal Prices Drop Immediately

Jakarta, CNBC Indonesia – The Chinese government is considering intervening in sharply rising commodity prices, including coal. Some time ago, China’s National Development and Reform Commission (NDRC) revealed that it was studying steps that could be taken to intervene in coal prices. They will make every effort to get the price back into a reasonable […]

Coal Prices Fly, Cement Manufacturers Crowded Shut Down Factories!

Jakarta, CNBC Indonesia – The skyrocketing coal prices have made it difficult for the cement industry. Moreover, currently coal entrepreneurs prefer to export their products rather than selling them domestically. This makes the supply of coal for factories also getting thinner. Chairman of the Indonesian Cement Association, Widodo Santoso, said that the supply of coal […]

China expands the cessation of coal mining production, prices soar higher and higher?

ILLUSTRATION. A worker works at a coal mine on the outskirts of Tangshan, Hebei Province, China, December 9, 2005. Prices Coal prices have soared higher following high demand from China. REUTERS/Jason Lee. Source: Bloomberg | Editor: SS Kurniawan KONTAN.CO.ID – China has expanded the shutdown of coal mines in Shanxi Province, the main producer of […]

After being slammed, those who hold coal stocks grin today

Jakarta, CNBC Indonesia – In the midst of the Composite Stock Price Index (JCI) rising 1%, the majority of coal stocks managed to strengthen again or rebound at the close of trading today, Friday (8/10/2021). Last Thursday, coal stocks tended to sink to a lower auto reject rate (ARB, -7%) in line with investors’ profit […]

Beating Coal Prices, This Asset Soared 220% in Just One Week!

Jakarta, CNBC Indonesia – Coal prices have skyrocketed this year. The increase had broken the highest record since 2008 at US$ 280/ton on Tuesday (5/10/2021). It seems, there is no other commodity whose price has increased as sharply as the black stone. After touching US$ 280/ton, coal prices ‘freefall’ as investors took profit. On Wednesday […]

Coal Collapse! Price Drops 15% in One Day…

Jakarta, CNBC Indonesia – Finally, the price of coal fell as well. What can I say, the price of the black stone has indeed gone up tremendously. Yesterday, the price of coal on the ICE Newcastle (Australia) market was recorded at US$ 236/ton. A fall of 15.71% compared to the previous day. Please understand, the […]