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Indonesia: China will buy coal from Indonesia on a large scale. Why does it need to import coal?
On June 25th, 2020165438+1October 25th, Indonesian Coal Mining Enterprise Association (APBI) and China Coal Transportation and Marketing Company (CCTDA) signed the cooperation agreement on Indonesian coal export to China in the form of memorandum of understanding (MoU). ? In the agreement, the two sides agreed to start the coal procurement contract from 202 1, with a contract period of three years, and the Chinese procurement amount was 20.6 trillion rupiah (a total of 65.438+46 billion US dollars).

In addition, the meeting also discussed Indonesia's total coal export to China of 202 1. The Indonesian Coal Mining Enterprise Association emphasizes that China and Indonesia will verify the export target quantity of Indonesian coal every year, and establish a price index that can be negotiated regularly as a reference for Indonesia's coal import price to China. We also hope that the agreement can confirm that Indonesia will export coal to China on a large scale, thus benefiting coal industry practitioners and effectively promoting Indonesia's national economic recovery.

Speaking of which, I believe everyone wants to ask, isn't there coal in our country? Why spend a lot of money to import coal? This is mainly because the global demand for coal has increased due to the epidemic this year. For China, coal consumption is high. It is difficult to meet the daily demand only by relying on domestic coal. China is an important member of the Asia-Pacific region. The adjustment of China's coal import and export policy and the change of domestic demand will play an important guiding role in the Asia-Pacific coal market and even the whole world market.

In addition, policies and markets are also the main factors to promote China's transformation into a net coal import. In terms of policies, energy development should be guided by the two strategic ideas of Scientific Outlook on Development and building a harmonious socialist society, and the energy strategic ideas of saving resources, protecting the environment, basing on domestic, diversified development and international cooperation should be implemented. The state has also introduced a series of measures? Control exports and encourage imports? It is an important embodiment of implementing this major strategy in the field of coal trade. ?