Indonesia’s Commodity and Coal Markets Show Strong Momentum in Week 30
Indonesia’s commodity and energy markets continue to show steady momentum this week, supported by strong regional demand and stable domestic production activity. Manufacturing output remains resilient, driven by ongoing infrastructure projects and seasonal consumption. The rupiah traded within a controlled range as Bank Indonesia maintained a stable monetary stance, keeping liquidity conditions predictable for importers and exporters.
Export sectors — particularly coal, palm oil, and metals — reported healthy shipment volumes, with most producers maintaining steady output despite weather‑related disruptions in several regions. Domestic logistics remain stable, with major ports operating normally and no significant congestion reported.
Foreign interest in Indonesian raw materials continues to rise, especially from China, India, and Southeast Asia, as regional utilities and manufacturers secure supply ahead of peak consumption periods.
Coal Market Highlights – Tight Supply and Strong Regional Demand
Indonesia’s coal market in Week 29 is characterized by tight high‑CV supply, strong Asian utility demand, and broad firmness across benchmark indices.
High‑CV Coal (6,322 kcal/kg GAR)
High‑CV coal recorded a notable upward movement, with the HBA for the second half of July rising 4% to USD 131.85/t. Producers continue to limit spot allocations due to policy discussions and domestic market obligation (DMO) prioritization, resulting in reduced availability for export markets.
Mid‑CV Coal (5,300 kcal/kg GAR)
Mid‑CV coal experienced a slight correction, with HBA‑I easing 1% to USD 89.9/t. Market fundamentals remain balanced, supported by adequate supply and stable demand from regional buyers who are relying on existing inventories.
Low‑CV Coal (4,100 & 3,400 kcal/kg GAR)
Low‑CV coal continued to strengthen, driven by cost‑focused utilities adopting blending strategies.
- HBA‑II (4,100 kcal/kg) increased to USD 63.25/t
- HBA‑III (3,400 kcal/kg) surged 8% to USD 45.08/t, reaching a new record high
Indonesia Coal Index (ICI) – July Month‑to‑Date
ICI values remain firm across all grades:
- GAR 6500: USD 129.46/t
- GAR 5800: USD 108.30/t
- GAR 5000: USD 86.81/t
- GAR 4200: USD 67.79/t
- GAR 3400: USD 41.91/t
These figures reflect strong procurement activity from China, India, and Southeast Asia, with buyers actively securing August–September laycans.
Shipping & Port Activity – Stable Operations Across Indonesia
Port operations across Indonesia remained stable throughout Week 30. Weather‑related delays were reported in parts of Kalimantan and Sumatra, but overall vessel turnaround times stayed within normal ranges.
Demand for geared bulk carriers — particularly in the 32K–58K segment — remains strong due to active coal movements and short‑haul regional trades. Owners continue to maintain firm freight ideas for July–August positions, reflecting tight vessel availability and consistent cargo flow.
Outlook
Port operations across Indonesia remained stable throughout Week 30. Weather‑related delays were reported in parts of Kalimantan and Sumatra, but overall vessel turnaround times stayed within normal ranges.
Demand for geared bulk carriers — particularly in the 32K–58K segment — remains strong due to active coal movements and short‑haul regional trades. Owners continue to maintain firm freight ideas for July–August positions, reflecting tight vessel availability and consistent cargo flow.
Announcement
Latest verified figures from Indonesia’s official sources (BPS & ESDM), covering national trade, coal production, and nickel exports. Published with a delay, these datasets provide the structural baseline behind SMARTIN’s weekly market intelligence.