There's still life in coal
Recent falls in the price of coal were due to increasing supply rather than declining demand
International coal prices have fallen sharply over recent months. The spot free on board (FOB) price of coal shipped from Australia's Newcastle export terminal stood at $72.50/t on 13 June 2019, 40pc below a peak of $120/t reached in July 2018. By the end of last year 30 countries had joined the Powering Past Coal Alliance, a group committed to moving from coal power generation to clean energy. At Perret Associates we expect to see a global surplus of 24m tonnes of thermal coal in 2019, set out in our latest Long Term Steam Coal Forecast. This compares with a deficit of 25mn tonnes at one stage in 2018. Overall, we anticipate that total steam coal imports will fall by 13mn tonnes in 2019 to
Also in this section
4 April 2025
With extreme weather, refinery closures and geopolitical uncertainty reshaping supply and demand, traders must look beyond headline price movements to understand the actual state of the market
4 April 2025
The April 2025 issue of Petroleum Economist is out now!
4 April 2025
Renewed China tensions threaten island’s inflows of oil and gas from overseas
3 April 2025
Gas use in India has seen significant growth over the past year and looks set to accelerate further, even if the government’s 2030 goal remains a stretch
