Ministry of Energy and Mineral Resources (ESDM) establishes Coal Price Reference (HBA) applicable June 1th 2016 until June 30th 2016 amounted to US $ 51.81 per metric ton. After strong in March and April, in May as the reference price for domestic coal market is undergoing a correction to US $ 51.2 per ton. Entering the month of June, HBA rebounded by 0.61 US dollars or up to 1.19 percent.
Head of Public Communication Ministry of Energy and Mineral Resources Sujatmiko said, yet its significant increase in the HBA. "HBA Rising this month might just seasonal course, because it is still at a lower level, " said Sujatmiko in Jakarta, Tuesday (7/6), as broadcast by the national media.
Sujatmiko said, HBA in the months ahead could rebound again. He said it can be seen from the movement in world oil prices back above $ 50 per barrel.
"The price of oil as a primary energy source is in the upward trend," he said.
In line with Sujatmiko, the opinion analyst of PT Central Capital Futures Wahyu Tri Wibowo as reported by kontan.co.id also said coal prices move to follows the world crude oil prices.
As with oil, he said, the coal under pressure at the beginning of the year due to the economic slowdown that threatens demand and the Fed's interest rate hikes. Coal recorded the lowest level at $ 44.5 per barrel on January 25.
Furthermore, Coal Prices slowly rebound along with reversal of the trend of commodity price movements of the bearish into bullish. Coal Prices Rebound is also due to technical factors that have been oversold since the beginning of the year, "said Wahyu.
The Fed changed the outlook for a rate hike from four times to twice a year. Impact the US dollar weakens and the impact on the strength of commodities including coal.
As long as the Fed does not raise interest rates, Rev. penguatanHarga Coal optimistic trend will continue.
However, when viewed from the demand side has not shown significant improvement. Country China as world's largest coal consumer economic problems unresolved. The economy in the United States (US) and Europe also can not be said to be stable. Conditions countries - emerging market countries are not much different.
In addition, coal as an energy commodity polluters continue to get resistance. US, Europe to China seeks to reduce coal consumption due cause air pollution problems.
Developed countries compete to increase electricity generation with renewable energy, ranging from solar power, wind up natural gas. Now coal consumption hopes on developing countries, especially in Asia.
However, coal can look for loopholes to strengthen if prices return to lower levels. Moreover, if the Fed to postpone interest rate hikes after disappointing employment data.
"In general, this sentiment would be nice to coal as the US dollar strengthened to be difficult," said Wahyu.
