For the umpteenth time, CNBC Indonesia invited representatives from APBI-ICMA to be a guest speaker in one of the segments on the "Squawk Box" program, an event that circulates questions about the latest global and national business updates. Last January 7, 2019 Hendra Sinadia Executive Director of APBI-ICMA was present as a guest speaker to discuss the topic related to the decline in coal prices reflected in the decline in the January 2019 HBA of US $ 92.41 which fell slightly compared to the December 2018 period of US $ 92.51.
According to Hendra, the coal price trend continued to show a decline since the period of August 2018 which was largely due to the Chinese government's policy of limiting low-calorie coal imports as part of the Xi Jing Ping government's efforts to control the environmental impact of using fossil fuels. As a result of the policy on limiting low-calorie coal imports, Indonesia is the most affected coal exporter to China. Of our exports in 2017 amounting to 364 million tons, a large portion of the quality of calorie medium coal is down. For this reason, the prospect of coal commodity prices in early 2019 will be largely determined by the steps that will be taken by the Chinese government regarding coal imports. It is hoped that the Chinese government in early 2019 will further increase low-calorie coal imports in line with President Xi Jing Ping's commitment at the opening of the Chinese import conference in Shanghai in early November 2018.