Jakarta, CNBC Indonesia – Commodity prices, especially coal, have shown a downward trend this year compared to the average price in 2022.
Currently, coal prices are still at the level of US$ 160 per ton. Since February 2023, coal prices have continued to fall below US$ 200 per ton.
Referring to Refinitiv, the ICE Newcastle coal price for the September contract closed at US$ 160.75 per ton in trading Friday (18/7/2023). The price is up 3.04%. Since early August, coal prices have shot up 14.1% from US$ 138.85.
Coal prices this year are certainly much lower than in 2022. In 2022, coal prices even touched a record high of US$ 463.75 per ton in September 2022, up from the highest on March 2 2022, a few days after the Russo-Ukrainian War broke out, reaching US$ 446 per ton.
Even though coal prices are currently showing a downward trend, Non-Tax State Revenue (PNBP) from the mineral and coal sector has exceeded the target set by the government.
Based on Minerba One Data Indonesia (MODI) data from the Ministry of Energy and Mineral Resources (ESDM), quoted Monday (21/08/2023), PNBP from the minerba sector to date has been recorded at IDR 117.45 trillion or 137.79% of the target IDR 85.24 trillion.
The PNBP for the mineral and coal sector in 2022 was recorded at IDR 183.50 trillion or 180.19% of the target of IDR 101.84 trillion.
The majority of Non-Tax State Revenue from the mineral and coal sector comes from around 70% coal and the remainder comes from the mineral commodity sector such as nickel, copper, gold, tin, bauxite, and others.
National coal production as of Monday (21/08/2023) was recorded as having reached 459.83 million tonnes or 66.2% of this year’s production target of 694.5 million tonnes.
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