U.S. coal exports in 2024 will be almost unchanged from 2023. However, it is still expected that coal production will decline by 14% in 2024 to about 500 million short tons and then fall by about 1% next year. But more coal exports in this recently published STEO compared with last month’s forecast mean the decline is less than previously forecast last month; we raised our forecast for U.S. coal production from last month by 3% in 2024 and by 6% in 2025.
The thermal coal market experienced significant improvement in fundamentals throughout the week, leading to price increases for major exporters worldwide. Enhanced demand from the world’s largest importers, China and India, fueled this rise. China’s higher inquiries post-Labor Day holiday for restocking and India’s increased purchases to meet historical electricity demand amidst a harsh summer contributed to the market’s upward trajectory.
Coal generated 35% of global electricity in 2023 with China responsible for more than half of global generation. The increase in coal generation was driven in large part by low hydro output in just four countries according to this new analysis
Poland relies heavily on coal (almost 65%) as a source of energy. As the country’s energy production seeks to rely more on the energy generated by renewable sources, the energy mix faces periods of oversupply, especially during the summer and deficits in electricity production in winter seasons. Source: AD Little
The US, aiming at reducing Russia’s revenues, imposed sanctions against Sibanthracite, one of the largest metallurgical coal producers in Russia....
Over the past week, thermal coal indices on the European market kept moving downward below the 105 USD/t mark, following...
Profits of Russian coal companies (adjusted for losses) in January-February 2024 collapsed 5.3-fold from 1.2 bln USD to 0.2 bln...
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