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Russian coal exports to South Korea drop 28% in October 2025

Russian coal exports by rail to China plunge 38% in November 2025

Global coal prices diverge as European indices strengthen and Asian markets soften
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Stacked bar chart of China coal imports by country, showing Russian volumes declining while Indonesia and Australia remain dominant suppliers.

China coal imports shift as Russian volumes fall and Indonesian supply grows

China coal imports are increasingly dominated by Indonesian and Mongolian supply, while shipments from Russia and Australia have fallen both month-on-month and year-on-year. Russia is now lobbying Beijing to remove import duties on its coal, as Australian and Indonesian suppliers enjoy a tariff-free advantage under China’s free trade agreements. China’s coal import structure continues to evolve as policy, pricing, and […]

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US electricity generation changes in H1 2025 showing coal fired generation increasing as gas output declines.

Coal fired generation remains globally resilient despite renewables’ growing market share

Despite record renewable additions in early 2025, coal fired generation remained globally resilient, with only marginal declines and gains in several major markets. Global electricity data for the first half of 2025 shows that coal fired generation remains deeply embedded in power systems, even as renewables achieved record growth. Coal output fell only slightly worldwide, declining less than 1%, and increased in […]

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API4 futures chart showing recent movements in global coal prices.

Global coal prices drift lower as API4 weakens and demand softens

Global coal prices moved lower over the past week, with South African API4 futures falling toward USD 89/t amid muted buying interest and continued pressure from high stocks and mild seasonal demand. European fundamentals also remained soft, with weaker power prices and robust gas inventories limiting coal burn. In Asia, China maintained stable port inventories and moderate consumption levels, leading […]

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Australia’s monthly met coal exports by destination, highlighting India’s reliance on Australian coal exports.

India’s met coal dependence grows as Australian coal exports face rising risks

India remains one of the world’s largest importers of metallurgical coal, with domestic production unable to meet the needs of its expanding steel industry. As a result, India relies heavily on Australian coal exports, which supply most of its high-quality met coal. However, Australia’s long-term export outlook is weakening due to reduced investment, regulatory uncertainty, and declining mine approvals. Forecasts […]

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MARKET INSIGHTS
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UPCOMING EVENTS

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Coal Production
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Coal Demand
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