Indonesia’s Energy Sector Investment Reaches $31.7 Billion in 2025

It is reported that in the first quarter of this year, the Southern Power Grid completed fixed asset investment of 38.45 billion yuan, an increase of 49.5% year on year. At the same time, in the first quarter of this year, the bidding and procurement scale of the Southern Power Grid was 78.4 billion yuan, an increase of 25% over the same period last year; The supply of project materials was 21.2 billion yuan, an increase of 43% over the same period last year; Payment of goods and materials should be made in full, and a total of 16.8 billion yuan has been paid for various types of goods and materials, an increase of 41% over the same period last year.

This week, ferrous metals were in the doldrums. The main logic during the week remained weakening cost support. On Tuesday, Iran proposed charging transit fees for the Strait of Hormuz, while Trump made conciliatory remarks, saying that “even if the Strait of Hormuz remained largely closed, he would still be willing to end military action against Iran.” Market expectations for tighter crude oil supply weakened, and declines in the energy sector dragged down the coal sector, weakening the cost-side logic. During the week, inventories of the five major steel products continued to decline, but apparent demand remained at a low level for the same period in previous years, providing limited fundamental-driven momentum to futures. In the spot market, purchasing interest was average, mainly focused on restocking at low prices. Spot prices were relatively firm, and the spot-futures price spread widened somewhat......