The Coal Hub
No Result
View All Result
  • Login
  • Premium Content
    • All
    • Climate & Technology
    • Coal Fired Generation
    • Coal Market Outlook
    • Coal Regions
    • Coal Trade
    • Economic Impact
    • Met / Coking Coal
    • Others
  • Blog
  • Events
  • Industry Links
    • Coal Consultants
    • Coal Industry Association
    • Coal Industry News
    • Coal Price & Market Information
    • Government Organisation
    • Think Tank
    • Coal Company
  • Newsletter
  • Videos
  • Other Hubs
    • EUROPEAN GAS HUB
    • GLOBAL LNG HUB
    • GLOBAL MARITIME HUB
  • Subscribe
  • My account
  • Login
SUBSCRIBE
  • Premium Content
    • All
    • Climate & Technology
    • Coal Fired Generation
    • Coal Market Outlook
    • Coal Regions
    • Coal Trade
    • Economic Impact
    • Met / Coking Coal
    • Others
  • Blog
  • Events
  • Industry Links
    • Coal Consultants
    • Coal Industry Association
    • Coal Industry News
    • Coal Price & Market Information
    • Government Organisation
    • Think Tank
    • Coal Company
  • Newsletter
  • Videos
  • Other Hubs
    • EUROPEAN GAS HUB
    • GLOBAL LNG HUB
    • GLOBAL MARITIME HUB
  • Subscribe
  • My account
  • Login
The Coal Hub
No Result
View All Result
Home Coal Prices

Winter wildcards remain for coal after “torrid” year

Editor by Editor
2 years ago
min read2 min
API coal prices
Share on FacebookShare on TwitterShare on Linkedin

European coal prices may continue to hover near year-to-date peaks in the remaining days of 2020, thanks to tightening supply in the Pacific region.

RELATED POSTS

Pacific coal prices retain record premium over Europe

Pacific coal prices retain record premium over Europe

16 hours ago
Global coal consumption: not dead (yet)?

Global coal consumption: not dead (yet)?

2 days ago
Coal-production-in-Kuzbass

Coal production in Kuzbass down 8% in 2022

6 days ago

The front-quarter and front-year API 2 contracts both rose 3% on the week USD 68.15/t and USD 67.25/t, respectively, on Ice Futures.

The former contract on Tuesday-Wednesday reached its highest on a rolling basis since April last year, of USD 69.40/t, while the latter touched a 14-month high of USD 68.30/t.

An analyst with a coal supplier said API 2 prices “should have peaked” for the year, but that with Asia currently driving global seaborne price moves, the outlook was “tricky to predict”.

“The cold weather [in Asia] will support prices well into January, but it would take an exceptionally cold snap to spur further price increases,” he said.

The world’s biggest consumer, China, has found itself short of coal due largely to a cocktail of cold weather driving up demand, insufficient domestic supply and ongoing restrictions to Australian imports.

At the weekend the government encouraged its utilities to resume importing coal from countries other than Australia in an attempt to alleviate the tightness.

“All eyes are on China,” said a coal strategist with a European utility, adding while the government had taken measures to encourage more supply, it was unclear how effective this would be in the short term.

“The key issue is how long it will remain cold, and if domestic supply can catch up,” he said, adding “low port stocks suggest they still have a problem”.

Reduced exports

At the same time, reduced exports from the world’s largest coal export port, at Newcastle in Australia – in part due to recent infrastructure damage – and the prospect of 10 days’ maintenance next month on the main rail route feeding South Africa’s major export hub of Richards Bay have further underpinned prices.

“There is this bullish risk around,” said a coal analyst with a European energy firm.

He noted the La Nina weather pattern could result in further cold weather in the first quarter of 2021, as well as higher rainfall in producing nations, such as Australia and Indonesia.

Already, operations at Newcastle narrowly dodged widespread gales and flooding over the weekend, which affected parts of northern New South Wales and southern Queensland, port sources told Montel on Monday.

In Europe, the outlook was less bullish, due to lower anticipated power demand over the Christmas and New Year period and expectations of increased supply, particularly from Colombia in the wake of recent protracted strike action at key producer Cerrejon.

“It’s so hard to predict what happens [with prices] when trading volumes are thin, with the Christmas break in parts of the world, but [further gains] are certainly possible,” the energy firm analyst said.

The first analyst agreed, but said the market was still likely to be close to a ceiling, notwithstanding strict coronavirus lockdown measures still in place in some parts of the world.

“While we wouldn’t say ‘no’ to more price increases after the torrid year we endured, I don’t think the fundamentals of the market support large-scale or persistent price rises in the near future.”

Source: Montel

Follow on Twitter:

Tweets by "montelnews"
Tags: API coal contractCerrejonEuropean coalglobal coalLaurence WalkerMontelNewcastle coal indexRussian coal
Editor

Editor

Related Posts

Pacific coal prices retain record premium over Europe
Coal Prices

Pacific coal prices retain record premium over Europe

16 hours ago
Global coal consumption: not dead (yet)?
Coal Demand

Global coal consumption: not dead (yet)?

2 days ago
Coal-production-in-Kuzbass
Coal Demand

Coal production in Kuzbass down 8% in 2022

6 days ago
World-coal-market
Coal Demand

World coal market: brief overview

6 days ago
Australia cracks down on coal miners with price cap
Coal Prices

Australia cracks down on coal miners with price cap

7 days ago
Russian-coal-imports
Coal Demand

China sharply increased Russian coal imports in 2022

2 weeks ago

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

No Result
View All Result

Trending Posts

Russian-thermal-coal

Russian thermal coal exports to India surged 3.5-fold in 2022

January 13, 2023
World-coal-market

World coal market: brief overview

January 27, 2023
EU-coal

EU coal’s steep discount to Pacific suggests muted demand

January 13, 2023

Recent Post

Pacific coal prices retain record premium over Europe

Pacific coal prices retain record premium over Europe

February 2, 2023
Global coal consumption: not dead (yet)?

Global coal consumption: not dead (yet)?

February 1, 2023
Coal-production-in-Kuzbass

Coal production in Kuzbass down 8% in 2022

February 1, 2023
World-coal-market

World coal market: brief overview

January 27, 2023
Australia cracks down on coal miners with price cap

Australia cracks down on coal miners with price cap

January 27, 2023
Russian-coal-imports

China sharply increased Russian coal imports in 2022

January 20, 2023

The Coal Hub is an online platform for sharing analysis and information about the global coal market  more info

Categories

  • Coal Market Outlook
  • Coal Trade
  • Met / Coking Coal
  • Coal Fired Generation
  • Coal Regions
  • Climate & Technology
  • Economic Impact

Recent Posts

Pacific coal prices retain record premium over Europe

Global coal consumption: not dead (yet)?

Coal production in Kuzbass down 8% in 2022

Energise your Friday!

Sign up to receive our weekly newsletter (each Friday) with new coal market reports, presentations & analysis.

By signing up, I agree to our TOS and Privacy Policy.

© 2020 TheCoalHub | All Rights Reserved

No Result
View All Result
  • Premium Content
    • All
    • Climate & Technology
    • Coal Fired Generation
    • Coal Market Outlook
    • Coal Regions
    • Coal Trade
    • Economic Impact
    • Met / Coking Coal
    • Others
  • Blog
  • Events
  • Industry Links
    • Coal Consultants
    • Coal Industry Association
    • Coal Industry News
    • Coal Price & Market Information
    • Government Organisation
    • Think Tank
    • Coal Company
  • Newsletter
  • Videos
  • Other Hubs
    • EUROPEAN GAS HUB
    • GLOBAL LNG HUB
    • GLOBAL MARITIME HUB
  • Subscribe
  • My account
  • Login

© 2020 TheCoalHub | All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Cookie settingsACCEPT
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT

Energise your Friday!

Interested in coal markets? Do you want our free email each FRIDAY with at least 3 new COAL reports & presentations?

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?