Research & Stock Picks

Company Reports

31 January 2025

By

Coal Weekly (24 – 30 January 2025): Avg. USD 116.4/ton (-4.1% WoW)

Recent Catalysts Driving the Price

  • Over the past five trading days, average coal prices plunged to USD 116.4/ton (-4.1% WoW), as Trump's plan to boost oil and coal supplies exerted negative sentiment on the sector, which was exacerbated by plant closures during Chinese New Year causing reduced market liquidity and demand.
  • Additionally, China’s January manufacturing PMI fell slightly to 49.1 (Est.: 50.1), while non-manufacturing PMI dropped sharply to 50.2 (Est.: 52.2), reflecting weaker purchasing activity. The slowdown was further evident in China's seaborne coal imports, projected to decline to 28.0 Mt (-26% MoM; Dec: 37.59 Mt), signalling subdued industrial demand.
  • Given the above mention industry development, we may see potential downside to our 2025 coal price forecast of USD 120/t (YTD: USD 118.6/t, FY24: USD 136.4/t). On the stock front, ADRO (TP IDR 3,400; FY25 P/E of 12.8x) is our top pick, primarily due to its initiative to venture towards green business as well as ADMR and SIS’ contributions to earnings.

Share This:

Harga Batu Bara Melemah

Download PDF

Download PDF

UPDATE_Coal_Weekly_20250131

Download PDF

UPDATE_Coal_Weekly_20250131

More Related

Economic Reports

Feb 17, 2025

Morning Briefs

Feb 17, 2025

Technical Stock Analysis

Feb 17, 2025

Morning Briefs

Feb 14, 2025

Technical Stock Analysis

Feb 14, 2025

Economic Reports

Feb 13, 2025

Technical Stock Analysis

Feb 13, 2025

Morning Briefs

Feb 13, 2025

Economic Reports

Feb 12, 2025

Morning Briefs

Feb 12, 2025

Technical Stock Analysis

Feb 12, 2025

Economic Reports

Feb 11, 2025

Technical Stock Analysis

Feb 11, 2025

Economic Reports

Feb 10, 2025

Technical Stock Analysis

Feb 10, 2025

Morning Briefs

Feb 10, 2025

Technical Stock Analysis

Feb 7, 2025

Morning Briefs

Feb 7, 2025

Economic Reports

Feb 6, 2025

Technical Stock Analysis

Feb 6, 2025

Morning Briefs

Feb 6, 2025

Economic Reports

Feb 6, 2025

Economic Reports

Feb 5, 2025

Technical Stock Analysis

Feb 5, 2025

Morning Briefs

Feb 5, 2025

Economic Reports

Feb 5, 2025

Technical Stock Analysis

Feb 4, 2025

Economic Reports

Feb 4, 2025

Economic Reports

Feb 3, 2025

Economic Reports

Feb 3, 2025

Morning Briefs

Feb 3, 2025

Technical Stock Analysis

Feb 3, 2025

Technical Stock Analysis

Jan 31, 2025

Morning Briefs

Jan 31, 2025

Economic Reports

Jan 30, 2025

Morning Briefs

Jan 30, 2025

Technical Stock Analysis

Jan 30, 2025

Company Reports

Jan 24, 2025

tren positif rumah sakit

Company Reports

Jan 24, 2025

Company Reports

Jan 24, 2025

sektor media

Company Reports

Jan 24, 2025

penurunan penjualan semen

Company Reports

Jan 24, 2025

Company Reports

Jan 24, 2025

Company Reports

Jan 24, 2025

Company Reports

Jan 24, 2025

Morning Briefs

Jan 24, 2025

Economic Reports

Jan 23, 2025

Morning Briefs

Jan 23, 2025

Economic Reports

Jan 22, 2025

Morning Briefs

Jan 22, 2025

Economic Reports

Jan 21, 2025

Company Reports

Jan 21, 2025

Economic Reports

Jan 20, 2025

Morning Briefs

Jan 20, 2025

Technical Stock Analysis

Jan 20, 2025

Technical Stock Analysis

Jan 17, 2025

Morning Briefs

Jan 17, 2025