The big question for long-term thermal coal markets is: which is moving at a faster pace, demand-side decarbonization efforts or supply-side? Despite government …
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Thermal coal prices remain extremely high, driven by weather and COVID-19 disruptions, as well as market uncertainties linked to the Russian invasion of Ukraine. Australian coal remains in high demand in the wake of the Russian invasion of Ukraine, with Australia being the primary alternative supplier for higher coal grades.
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Supply disruption last year was less severe than in 2021-2022, while demand in the Atlantic markets was suppressed by coal-to-gas fuel switching. In this Insight Paper Argus looks …
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Overall coal demand is set to grow 6% in 2021, threatening net-zero goals, the International Energy Agency said Dec. 17. This could lead global coal production -- of thermal and metallurgical qualities -- to rise to its highest-ever level in 2022, after output failed to keep pace with 2021's demand rebound, IEA said in its Coal 2021 report.
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The world's consumption of coal is set to rise slightly in 2022, taking it back to the record level it reached nearly a decade ago, according to an IEA report published today, which notes that significant uncertainty hangs over the outlook for coal as a result of slowing economic growth and energy market turbulence.. Based on current economic …
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Global coal demand by forecast, 2000-2024 - Chart and data by the International Energy Agency.
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Supply disruptions, a drought in China and rebounding electricity demand have fired up the market for thermal coal, making the world's least liked commodity one of this year's best-performing...
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Global coal demand by scenario, 2010-2040 - Chart and data by the International Energy Agency.
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A supply gap in sea-borne coal is expected to persist throughout the year and Europe's 2022 imports of thermal coal could be the highest in at least four years, an analyst told the conference on ...
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The coronavirus pandemic in 2020 saw demand destruction in both seaborne thermal and metallurgical coal markets, says Matthew Boyle, Head of Coal & Asia Power, S&P Global Platts Analytics. "This …
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Thermal coal (also called steaming coal) is used for electricity generation. Total in-situ resources of black coal in Australia (EDR plus Subeconomic Demonstrated Resources plus Inferred Resources) are estimated at 200,333 Mt, comprising 89,012 Mt of EDR, 7,113 Mt of Subeconomic Demonstrated Resources and 104,208 Mt of Inferred Resources ...
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Coal used for electricity generation is commonly referred to as thermal coal. Higher carbon and lower moisture coal is often used to make steel. Coal used for steelmaking is commonly referred to as metallurgical or coking coal. ... This circular chart shows the major global sources of demand for coal in percentages in 2022. The largest …
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Additionally, new coal mines are under development in China, and about 110 GW of coal plants were approved in 2023, indicating that domestic coal consumption could continue to rise. Production data covering 2024Q1 indicate that coal demand in the power sector in China will increase in 2024 unless renewable generation booms over the …
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Government policies in China are set to flatten domestic coal prices in 2023. But thermal coal producers have some protection against the retreating prices and high costs, after strengthening their balance sheets last year. In addition, demand for coal is likely to remain strong, with prices locked into long-term contracts. S&P Global Ratings …
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High natural gas prices and global competition for the fuel have driven more demand for thermal coal for power generation this year as countries try to wean themselves off Russian energy supplies ...
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Coal 2022 offers a thorough analysis of recent trends in coal demand, supply, trade, costs and prices against a backdrop of rising concern about energy security and geopolitical tensions. It also provides …
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CONTRARY TO POPULAR OPINION, THERMAL COAL DEMAND IS NOT FALLING Demand Fundamentals Global thermal coal consumption hit record Seaborne Thermal Coal Imports YTD (Apr 23) levels in 2022, according to the IEA. Seaborne thermal coal volumes have increased every year since 2000 except two years: 2015 - Tightening of …
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Booming demand for Indian coal is driving up the shares of miner Coal India and power generator NTPC Ltd, state giants investors once dismissed as plodding dinosaurs, but which are now ...
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Global thermal coal demand increased sharply from the early 2000s, mainly due to rapid growth in the Chinese economy over that period. China is the largest global consumer of thermal coal, …
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Global coal consumption reached an all-time high in 2022… Global coal demand reached a record high in 2022amid the global energy crisis, rising by 4% year-on-year to 8.42 billion tonnes (Bt). The growth engine for coal demand, which increased in both power and non-power sectors, was once again Asia.
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Demand for thermal coal is set to decline after peaking in 2024 as coal-fueled power is increasingly replaced with renewables in Europe and the U.S. However, transitioning …
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Coal 2020 highlights recent global and regional trends in coal demand, supply and trade, and an outlook to 2025. The extraordinary circumstances in 2020 impacted coal markets and lend uncertainty to how they will be tailored in a post-Covid-19 economic recovery. ... A combined reduction of over 25 million tonnes of thermal coal …
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We now forecast thermal coal demand for power generation to increase by 1% in 2022, slightly more than in the IEA's recent Electricity Market Report, after developments in …
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The world's use of coal rose by 2.6% in 2023 to reach an all-time high, driven by strong growth in China and India, the two largest coal consumers globally, the IEA's Coal Mid-Year Update finds. While coal demand grew in both the electricity and industrial sectors, the main driver was the use of coal to fill the gap created by low ...
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LONDON : "Between January and August 2024, coal shipments to India rose 10% y/y, outpacing an 8% y/y increase in domestic coal mining.Thermal coal shipments were a key driver, supported by strong electricity demand and coal import mandates. During the rest of 2024, growth may slow as demand cools," says Filipe …
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A record-high thermal coal imports by China in 2023, attributed to rebounding demand after the COVID-19 pandemic, did not quite stir the markets since it …
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China is the largest consumer of thermal coal worldwide and, in 2016, the country is expected to consume just over half of total global demand. At its peak in 2013, thermal coal demand in China, …
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Incorporating Argus Seaborne Thermal Coal Outlook Contents Forecasts Price forecasts 2 Three point summary Thermal coal 3 Metallurgical coal 4 Forecast review 5 Swaps & Spreads 10 Demand and supply Thermal coal 12 Metallurgical coal 13 Fundamentals Thermal coal Exports 16 Regional fundamentals China 17 India 18 Europe 19 North …
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The US thermal coal demand outlook is set to deteriorate in the second half of the decade, as power supply shifts away from coal at an increasing rate, putting downward pressure on thermal coal prices. This trend will be driven by coal-fired power station retirements, the increased competitiveness of renewables, and a concerted effort …
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Exacerbated by the COVID pandemic, coal demand in the U.S. has fallen off an estimated 25% in 2020. Given the cheap prices for thermal coal assets, there will most likely be distressed merger and ...
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