Winter in some parts of the world will be there soon. Demand for coal is also predicted to rise. Capital Futures analyst Wahyu Tri Wibowo, as quoted Kontan on October 11, said, with an increase in that demand, so there is a point of equilibrium where supply and demand determines the price of coal.
Wahyu said, the demand for coal in many areas is began to be seen to rise. For example in France and Belgium. Demand in both countries rose due to the low availability of nuclear power, while wind power could not be expected because the blowing is getting weaker. In fact, they have to face the coming winter. Coal is the most energy source allows for the winter.
"Besides the weather factor or seasonal demand, fundamental trend of rising coal prices are still continuing," Wahyu said as quoted by Kontan.
Other participating countries to make the coal price rise is China. Demand for coal from China are forecast to increase because the Chinese government is still doing the cessation of production of coal, even the cover of the black gold mining.
Meanwhile, slowly but surely, the movement of coal price (HBA) based on data from the Ministry of Energy and Mineral Resources, continues to increase. Lastly, in October 2016, HBA is rising about 8.04 percent compared to HBA of September 2016 amounted to US $ 63.93 per ton, to US $ 69.07 per ton.
Director of Development and Utilization of Coal Ministry of Energy and Mineral Resources Agung Pribadi said, HBA higher this October than September. Even the highest throughout 2016.
"HBA October almost touched US $ 70 per ton of US $ 69.07 per ton," said Agung in Jakarta, as quoted Beritasatu, some time ago.
Beritasatu reported, since the beginning of the year it occurs coal price fluctuations. In January 2016 HBA opened at US $ 53.20 per ton. But in February HBA dropped to US $ 50.92 per ton. Then rose slightly in March to the HBA at US $ 51.62 per ton. The strengthening trend continued into April which makes HBA was at US $ 52.32 per ton.
Mid-year, HBA increased slightly at US $ 51.81 per ton. HBA strengthening trend continued in July, which reached US $ 53 per ton. Then crept up again in August was at US $ 58.37 per ton. HBA last September also up 9 percent compared to the price of coal in the period of August.
