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API4 Richards Bay thermal coal futures price chart showing recent market trends

Thermal coal prices firm as supply tightness offsets uneven demand

Bulk carrier transporting coal for China coal imports

China coal imports from Russia fall 8.6% in Jan–Nov 2025

Electricity generation mix showing coal-fired power dominance in China and India

Coal-fired power underpins energy security in China and India despite renewable growth

Russian coal loading operations amid pressure on the coal industry

Losses of Russian coal companies reach 4.2 billion USD in Jan-Oct 2025

Thermal coal prices in Australia and Indonesia from 2019 to 2025

Australian coal exports diverge as metallurgical markets offset thermal weakness

API4 Richards Bay futures highlight weakness in thermal coal prices

Thermal coal prices weighed down by weak demand and ample inventories

Indonesian coal demand versus exports in 2025 and 2030 showing rising domestic use and declining export volumes

Indonesian coal exports adjust to shifting global trade flows

Global coal demand by region, 2000–2030, showing resilient coal demand despite changing power generation mix

Coal demand remains resilient amid shifting power generation mix

Rail freight wagons highlighting risks to Russian coal exports under RZD ship-or-pay proposals

Russian coal exports face risk as RZD pushes ship-or-pay principle

Bulk carrier transporting coal cargo amid global coal price movements

Global coal prices weaken amid oversupply, soft demand and regional divergence

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