The largest increase in coal demand is expected to be in India at 7%, followed by the European Union at 6% and China at 0.4%. "The world is close to a peak in fossil fuel use, with coal set to be ...
Tight spot availability in the PCI and semisoft coking coal segments in Q2, coupled with a strong thermal coal market, led to an historic high relativity of 106.65% on May 30 for PCI and a record 92.37% on May 25 for semisoft coking coal. This compares with their average relativities of 73.2% and 65.41% since October 2011.
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 recent weeks suggest higher coal power generation in India and Europe.
With electricity demand outpacing low-carbon supply, and with steeply rising natural gas prices, global coal power generation is on course to increase by 9% in 2021 to 10 350 terawatt-hours (TWh) – a new all-time high. However, coal's share of the global power mix in 2021 is expected to be 36% – 5 percentage points below its 2007 peak.
The Mount Thorley Warkworth mine, near Muswellbrook, supplies international and domestic markets with up to 10 million tonnes of semi-soft coking coal and thermal coal per year.
Australian coal with an energy content of 5,500 kcal/kg, another grade mainly bought by China and India, fell to $84.17 a metric ton last week, down 70% from its record high of $280.20 in March ...
Average annual coal prices are forecast to decrease in 2023 compared to 2022 but remain well above their five-year average. "Expected short-term increases in coal demand could be compromised by ...
Thermal coal demand is set for a long-term downward trend. By 2050, we forecast that there will be a 60% fall in traded thermal coal. But the global road to decarbonisation will not be a smooth one, and energy security and affordability concerns have slowed the decline in coal demand in the short term. As the industry navigates the …
Over the past decade, coal production has grown by an average annual rate of 2 per cent, moderated by a fall in production in 2010–11 due to flooding in Queensland and again in 2019–20 due to the impact of COVID-19 on global demand (Figure 7). In 2019–20, 90 per cent of Australia's black coal energy production was exported (Figure 8).
China's thermal coal production grew just six per cent this year, while its demand for thermal energy grew by about 14 per cent. ... "If you look at the increase in coal-fired power demand for the ...
India's dependence of coal means the country also imports sizeable chunks of it to meet its power needs. Domestic electricity demand is predicted to double by 2040. India's installed capacity at present is a little shy of 400GW, of which coal, or thermal power, makes up more than 200GW.
Higher coal demand was also driven by a decline in generation from hydro, following 2019's exceptionally high output. Our estimate for India coal consumption assumes a strong economic rebound in 2021, pushing Indian GDP firmly above 2019 levels and driving up coal demand by almost 9% to 1.4% above 2019 levels. In the United States, coal ...
Fitch said it forecast global thermal coal consumption to grow by 0.76 per cent year-on-year (yoy) in 2023, compared with the 4.5 per cent yoy growth achieved in 2022. At the same time, global thermal coal production is expected to grow by 2.14 per cent yoy in 2023, compared to 6.93 per cent yoy in 2022. While coal has been an important …
Press release. 28 July 2022. 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.
The thermal coal market strengthened last week amid the supply concerns that arose from the war situation between Israel and Hamas. Apart from Indonesia, coal prices of all the other origins resumed bearish sentiment. This report is for subscribers only Start with a FREE 30-day trial and then save up to 22% with an annual subscription.
Indonesia requires 127.1 million mt of thermal coal supply from the producers for the domestic market in 2022 in order to fulfill local energy needs and avert a shortfall seen in December 2021, the en ... Latest News Headlines All Topics Videos Podcasts Special Reports Infographics Insights Magazine Insight Blog Research & …
Report summary. Three key issues will drive coal markets over the short term. How the Ukraine-Russia conflict will impact coal supply and demand, whether China will be able to offset the economic impact from what is becoming the largest coronavirus outbreak since the start of the pandemic, and more broadly the risk posed by higher …
The international coal market remained tight in 2022, with coal demand for power generation set to hit a new record. Coal prices rose to unprecedented levels in March and then again in June, pushed higher …
Meanwhile, China and India are likely to boost domestic production in 2023, which could have a bearish impact on US seaborne coal demand. S&P Global forecasts China's 2023 domestic coal production at 4.9 billion mt, up from 4.5 billion in 2022. India's coal production is projected at 950 million mt in 2023, up from 840 million mt on the year.
The price of semi-soft Australian coking coal (or metallurgical coal, used for steel production) was $127 per ton, up almost 80% year to date. "Year-to-date thermal coal exports from the U.S ...
2 days agoIndia's thermal coal imports rose more than 11 per cent m-o-m and almost 10 per cent y-o-y to hit 13.69 million tonnes (mt) in September 2023 aided by rising power demand and government's ...
The price of Newcastle thermal coal recently reached a record high of US$180 per tonne due to rising electricity demand in India, China and other Asian countries. That seems to suggest whatever the consequences, …
Average annual growth in India GDP by scenario, 2019-2040. IEA. Licence: CC BY 4.0. Prior to the global pandemic, India's energy demand was projected to increase by almost 50% between 2019 and 2030, but growth …
The EIA projects total coal consumption at 512.1 million st in 2022 and 477.8 million st in 2023. US seaborne thermal coal exports are expected to remain slightly softer in 2023 as demand from Asia wanes and supply side concerns take a back seat with the availability of additional Russian tonnages.
For 2022 as a whole, total Indonesian thermal coal exports hit 448.5 million tonnes, a record sum that was 56 million tonnes (14.4%) larger than 2021's total, ship tracking data from Kpler shows ...
27 July 2023. Global coal consumption climbed to a new all-time high in 2022 and will stay near that record level this year as strong growth in Asia for both power generation and industrial applications outpaces declines in the United States and Europe, according to the IEA's latest market update.
These participants gathered as benchmark Newcastle coal surged to over $440 per tonne while Indonesia's coal benchmark price for September was set at $319.22 per tonne after hitting a record $321. ...
This blog is the last in a series of 11 blogs on commodity market developments, elaborating on themes discussed in the October 2022 edition of the World Bank's Commodity Markets Outlook. Coal prices …
In 2017, grid-based thermal plants performed at an average efficiency of 33.72%; of the thermal capacity, over four-fifths is sub-critical. Grid-based plants consumed 575 million tonnes (Mt) of ...
Demand for coal, particularly seaborne product, has tapered as lockdowns have reduced energy usage and thus inventories at power plants are now at healthy levels. Looking beyond 2022, we see incremental declines in Chinese steam coal imports as it continues to strive to meet its coal needs from domestic mining.