Unfavorable Future (Coal Price Forecast as of 17 August 2015)

August 17, 2015 • Tell FriendsPrinter Friendly

the summary of coal market info as of 17 August 2015 is as follows:

  • After China, India as the third-biggest consumer, looks to dramatically reduce overseas purchases in the coming years.
  • Low coal, oil and gas prices could persist for quite a while, but there is an important difference between these two commodities; demand for oil continues to grow while coal was dependent on the growing of Chinese steel industries.
  • Looking from coal futures trend below, on October 2012 market still expected coal future price to grow. However, since the beginning of this year, market seems to have no expectation, as the trend is going flat for the upcoming years.
 

Coal Futures trend up to 15 Aug 2015

Based on the graph, we estimate Indonesian Coal Price reference (HBA /Harga Batubara Acuan) will be  $59.53/bbl in Sept’ 2015 and will average $ 61.64/bbl for full year 2015.

HBA August 2015

Disclaimer: The material is based upon information that we consider reliable, but we do not represent that it is accurate or complete, and it should not be relied upon as such. Opinions expressed are our current opinions as of the date appearing on this material only and would be updated every month.

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