China's Coal Imports from Indonesia Drop Significantly
In June 2025, China's coal imports from Indonesia amounted to 11.62 million tons, a sharp year-on-year decrease of 30%, exceeding the average decline of China's total coal imports (26%). In the first half of 2025, China's cumulative coal imports from Indonesia reached 90.98 million tons, down 12% year-on-year. In June 2025, China's total coal imports were 33.04 million tons, down 26% year-on-year, marking the lowest monthly figure in over two years; total imports in the first half were 221.7 million tons, down 11% year-on-year. Reasons for the decline include Chinese buyers shifting from low-calorific to high-calorific coal, while Indonesian coal is less price-competitive compared to high-quality coal (global coal price declines have made high-calorific coal more cost-effective); increased domestic coal production has reduced overall demand for imported coal, indirectly affecting Indonesian coal import volumes.
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Indonesia's Coke Industry Calls for Government Support
Indonesia is the world's third-largest coke exporter, with exports reaching 5.56 million tons in 2024,仅次于 China (8.33 million tons) and Poland (5.88 million tons). Coke is a key raw material for steel production (especially blast furnace technology), and its demand is closely related to the growth of the global steel industry. Global coke prices have fallen due to declining coking coal prices, the main raw material, and the decline has been greater than that of coking coal, resulting in narrower export profit margins and increased production cost pressures. By-products of the coke industry include hazardous waste, requiring a balance between environmental protection and utilization as raw materials for the chemical and manufacturing industries. The Indonesian Coke Enterprises Association was established in early 2025, receiving approval from the Ministry of Law and Human Rights, and was inaugurated in May. Its goal is to serve as a coordination platform between the government and enterprises, promoting favorable policies, ensuring environmental sustainability, and strengthening Indonesia's position in the global coke supply chain. The association chairman calls on the government to provide practical support, including simplifying export permits and providing guidance on factory management (including environmental aspects), to alleviate cost pressures and enhance competitiveness. Coke, as a reducing agent and heat source, is indispensable in the process of converting iron ore into molten iron, highlighting its strategic value.
Indonesia's Nickel Industry Revenue Surges Tenfold Last Year
The Ministry of Investment and Downstream Industry revealed that the nickel downstream industrial plan is expected to have a significant impact on state revenue, with nickel commodity exports reaching US$30 billion (approximately IDR 486.56 trillion) in 2024. Before the implementation of the nickel downstream industrial plan, the state revenue from the nickel industry was only US$300 million (approximately IDR 48.65 trillion). In 2024, this revenue increased tenfold, indicating that the government's downstream industrial plan has successfully boosted domestic added value and strengthened the national industrial base. The Deputy Minister of Investment and Downstream Industry pointed out that the downstream industry strategy is not limited to the mineral sector but also covers oil and gas, forestry,
Chinese Companies Aggressively Enter Indonesia's Aluminum Industry
The Chairman of the Indonesian Bauxite Mining Association stated that several Chinese companies are entering Indonesia's aluminum industry through Industrial Business Licenses (IUI), representing investments in non-integrated smelters. Investment in independent smelters is relatively easier and simpler than integrated investments starting from upstream mining. Currently, some projects from bauxite refineries to aluminum smelters face financing difficulties, and some investors are adopting a wait-and-see attitude toward investing in the bauxite industry. The Ministry of Energy and Mineral Resources recorded that 10 smelters holding Mining Production Operation Licenses (IUP OP) have not yet completed their projects. This type of license requires integrated investment from upstream mining to refineries and smelters.
Indonesian Pesticide Company Factory Officially Begins Operations
PT Delta Giri Wacana Tbk (DGWG) has officially inaugurated its carbamate factory in the Modern Industrial Zone in Cilegon, Banten Province. The factory occupies 4.5 hectares and is the third plant under the DGW Group. The first two are an NPK fertilizer plant in Gresik and an agrochemical formulation and plastic mulch factory at the same location. Construction began in 2023 with an investment of US$20 million. Initial annual capacity is 2,000 metric tons of active ingredients, equivalent to approximately 5,000 metric tons per year of formulated pesticides, with plans to
Tariff Rates on Imports from ASEAN Countries Imposed by the United States
U.S. President Donald Trump has introduced a new import tariff policy, effective from August 1, 2025, affecting 14 countries, including all ASEAN nations. This policy is part of his "retaliatory tariff" strategy aimed at reducing the U.S. trade deficit, with tariffs subject to adjustment based on each country's bilateral relations with the United States. Vietnam's rate was reduced from the originally planned 46% to 20%, and it also agreed to impose a 40% tariff on products from third countries (such as China) transshipped through Vietnam to the U.S. Main exports include electronics, textiles, footwear, and agricultural products, with a trade deficit of $123.5 billion.
Up to 28 Production Lines Suspended at Multiple Indonesian Nickel Smelters
Recently, multiple nickel smelters in Indonesia have suspended production lines, including PT Gunbuster Nickel Industry (GNI), which has over 20 nickel-iron production lines. Since early 2024, almost all production lines have been shut down, with only a few still running; it is estimated that more than 15 lines have stopped, approaching a complete halt. The company is awaiting a creditors' meeting to obtain new funds, possibly in August 2025, and is currently under new management. PT Indonesia Tsingshan Stainless Steel (I
Chinese Oil and Chemical Giant Invests in Indonesia to Drive Enterprise Development
Zanyu Technology, as a leading domestic oil and chemical company with a capacity of 1.08 million tons per year, has a significant advantage at its Indonesia Dukuda base, which serves as the main source of the company's performance. Indonesia imposes high export tariffs on crude palm oil (CPO) but does not levy tariffs on refined processed products such as fatty acids. The Dukuda base purchases palm oil locally and exports refined processed products, gaining a clear tariff cost advantage. Indonesia's export tariff on CPO is an ad valorem tax; the higher the CPO price, the higher the tariff, and the more pronounced the base's tariff cost advantage, leading to higher per-ton profitability. The company's historical performance is positively correlated with CPO prices. The growth of Indonesia's palm oil plantation area is slowing, and aging trees