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Bukit Asam targets new markets for exports other than China

08 March 2019 06:02 AM  Company: PT. Bukit Asam Tbk[PTBA]
Rp. 2,830  +20 (0.71%)

JAKARTA - PT Bukit Asam Tbk (PTBA) plans to expand its export market share this year, outside of China because the country is very sensitive and easy to play with prices.

"I am sure, it looks like this year (coal prices) are still stable, although it cannot guarantee it will be better," said PTBA Managing Director Arviyan Arifin, last week. Besides that, efforts to expand the new non-traditional market according to Arviyan are important things to do at this time. Given that market share in China tends to be very sensitive and easily change their policies.

"We will also open new market markets besides China, because China is very sensitive and very easy to cancel and play with prices," he said.

Some of the new market segments that PTBA will focus on this year include the Philippines, Vietnam, Taiwan, Japan, Malaysia and India. PTBA Corporate Secretary Suherman revealed that all of the exports to the market had been running since last year.

"The big one is India, and most of the export markets this year will be filled by the new market," Suherman explained to Kontan, Wednesday (6/3).

Suherman also stressed that the traditional market share, namely the Chinese market, still cannot be fully relied on for export activities in 2019, because it is still implementing a policy to restrict coal imports. (AM/LM)

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PT. Bukit Asam Tbk [PTBA]   Rp. 2,830   +20 (0.71%)