Insight
Indonesia's surging coke supply to supercharge coking coal demand
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Indonesia is emerging as a major coke-exporting hub due to rapid growth in its coke production capacities. As a result, global coke trade flow will reshape as shipments from Indonesia surge at a time when exports from traditional exporting countries enter a period of decline. Indonesia’s coke supply growth will act as a major boon to coking coal producers.
Table of contents
- Indonesia’s coke exports grow
- Surging coke exports will reshape seaborne coke trade flow
- Ageing coke capacities beyond Southeast Asia can be a growth avenue for Indonesia
- Australian PLV price spikes cause coke margins to crash
- Coke margins squeezed on the intensified competition with low-cost Chinese coke
- Indonesia emerges as a major new coking coal demand centre
- Australian supply risks prompt import diversification
- Implication 1: growing domestic coking coal supply offers opportunity to Indonesian coke makers to survive potential headwinds
- Implication 2: Indonesian merchant coke makers are surviving in a fissure by blending more affordable coal - HVA from the US
- Implication 3: global seaborne PHCC demand growth momentum will soften as some coking coal buyers choose to import coke from Indonesia rather than import coal
Tables and charts
This report includes the following images and tables:
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Coke plants in IndonesiaIndonesian coke exports and capacities (2021-2024)Indonesian coke exports by destination (2021-2024)
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Indonesian coke profit margins, coke price and PLV FOB priceIndonesia metallurgical coal imports by origin (2019-2023)Coke blends in Indonesia coke plants in 2023Indonesia native coking coal mines
What's included
This report contains:
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