critical-minerals-hub critical-minerals-hub critical-minerals-hub
The Coal Hub Logo
No Result
View All Result
  • Login
  • Premium Content
  • Blog
  • Events
  • Industry Links
    • Coal Consultants
    • Coal Industry Association
    • Coal Industry News
    • Coal Price & Market Information
    • Government Organisation
    • Think Tank
    • Coal Company
  • Videos
  • Other Hubs
    • EUROPEAN GAS HUB
    • GLOBAL LNG HUB
    • GLOBAL MARITIME HUB
    • GLOBAL HYDROGEN HUB
    • CRITICAL MINERALS HUB
  • FREE TRIAL
  • My account
  • Login
Cart / €0.00

No products in the cart.

  • Premium Content
  • Blog
  • Events
  • Industry Links
    • Coal Consultants
    • Coal Industry Association
    • Coal Industry News
    • Coal Price & Market Information
    • Government Organisation
    • Think Tank
    • Coal Company
  • Videos
  • Other Hubs
    • EUROPEAN GAS HUB
    • GLOBAL LNG HUB
    • GLOBAL MARITIME HUB
    • GLOBAL HYDROGEN HUB
    • CRITICAL MINERALS HUB
  • FREE TRIAL
  • My account
  • Login
The Coal Hub
No Result
View All Result
Home Coal Prices

World coal market: brief overview

Editor by Editor
4 years ago
Reading Time: 2 mins read
World coal prices
Share on FacebookShare on TwitterShare on Linkedin

Despite low temperatures in Europe and surge in TTF gas prices to 18.1 EUR/MWh (+1.8 EUR/MWh or +11% to March 03, 2021) European coal indices dipped to 66-66.5 USD/t. Increase in carbon prices, as speculators bet on demand from industrial buyers for the pollution rights, dragged down the coal prices.

RELATED POSTS

World-coal-market

World coal market: brief overview

3 days ago
Measures-to-support-Russian-coal-industry

Putin approves measures to support Russian coal industry

3 days ago
power-generation

India’s coal fired generation surges in March

2 weeks ago

In addition, hike in wind output in some European countries to 1585 GWh/t (+907 GWh/t or +161% to March 03, 2021) reduced the share of coal generation in the power mix. ARA coal stocks fell to almost 5-year lows of 3.8 mio t (-0.1 mio t or -2% to March 03, 2021).

On March 03, 2021, the European Parliament endorsed the creation of a carbon border charge that would shield EU companies against cheaper imports from countries with weaker climate policies. This non-binding vote is seen as the implementation of the Green deal – an agreement of European countries, according to which the bloc aims to achieve carbon neutrality by 2050.

Heightened trading activity of Indian cement manufacturers, willing to restock in the run-up to the monsoon season, supports the price of high calorific South African material in the range of 92-93 USD/t. Richards Bay coal stocks were down to 3.3 mio t (-0.2 mio t to March 03, 2021).

Drop off in Indian demand for imported coal decreased total Richards Bay coal exports in February 2021 to 4.7 mio t (-0.8 mio t or -15% to March 03, 2021). At the same time, recovery in demand from Pakistani enterprises boosted coal imports to 1.2 mio t in February (+0.4 mio t or +45% to February 2020).

South African coal producer African Rainbow Minerals Cool (ARM Cool) suffered a loss of 14.3 mio USD owing to 6 months of restrictions related to Covid-19 pandemic in the country. Weak demand from South Africa’s main power generation company Eskom negatively impacted ARM Coal’s earnings. ARM Coal is a joint venture of African Rainbow Minerals and Glencore. The company owns a stake in several large coal projects in South Africa.

Australian thermal coal prices are flat in the range of 92-93 USD/t amid the slowdown in the trading activity of Chinese market participants. Chinese companies maintain a wait-and-see attitude since the main political conference in the country is underway (March 04-11, 2021).

During the back-to-back meetings of two of China’s major political bodies – the Chinese People’s Political Consultative Conference (CPPCC) and the National People’s Congress (NPC) key political and economic issues of China are discussed. In 2021, the main issue on the agenda is the 14th five-year economic development plan, according to which the annual volume of coal production in China should not exceed 4.1 billion t by the end of 2025. By 2060, China plans to achieve carbon neutrality.

As the main political event in China is underway, the wait-and-see attitude and low demand of Chinese companies for Indonesian coal reduced Indonesian coal prices to 72-73 USD/t.

Weaker demand of steel mills in the Asia-Pacific region for coking coal amid the downturn in steel prices diminished Australian coking coal quotes.

Japanese company Nippon Steel reached an agreement with an Australian mining company for the price of semi-soft coking coal in the first quarter of 2021 (Q1’2021) at 92 USD/t FOB (+5.5 USD/t compared to the fourth quarter of 2020).

Australian coal producer Foxleigh agreed with Japanese steel company Nippon Steel and South Korean company POSCO on the price of PCI coal in the first quarter of 2021 (Q1’2021) at 101 USD/t FOB (+4 USD/t compared to the fourth quarter of 2020).

Source: CAA Analytics

[tfws username=”CAA_Analytics” height=”700″ width=”350″ theme=”light” color=”#FAB81E” tweets=”2″ header=”yes” footer=”yes” borders=”yes” scrollbar=”yes” background=”yes”]

Tags: Australian coalCAA Analyticsglobal coal marketSouth African coalTTFworld coal demand
Editor

Editor

Related Posts

World-coal-market
Coal Demand

World coal market: brief overview

3 days ago
Measures-to-support-Russian-coal-industry
Coal Demand

Putin approves measures to support Russian coal industry

3 days ago
power-generation
Coal Demand

India’s coal fired generation surges in March

2 weeks ago
Elga-rail-line
Coal Demand

Elgaugol launches construction of second railroad line

4 weeks ago
World-coal-market
Coal Demand

World coal market: brief overview

4 weeks ago
Loss-making-Russian-coal-miners
Coal Demand

Share of loss-making coal mining companies in Kuzbass reaches 57%

1 month 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-coal

Kuzbass coal production down 4.5% in Jan-Mar 2025

May 12, 2025
Elga-rail-line

Elgaugol launches construction of second railroad line

April 26, 2025
Russian-coal

Explosion at Yakutugol’s washing plant in Neryungri

May 12, 2025

Recent Post

World-coal-market

World coal market: brief overview

May 19, 2025
Measures-to-support-Russian-coal-industry

Putin approves measures to support Russian coal industry

May 19, 2025
Russian-coal

Explosion at Yakutugol’s washing plant in Neryungri

May 12, 2025
Russian-coal

Kuzbass coal production down 4.5% in Jan-Mar 2025

May 12, 2025
power-generation

India’s coal fired generation surges in March

May 5, 2025
Elga-rail-line

Elgaugol launches construction of second railroad line

April 26, 2025

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
  • Petcoke

Recent Posts

World coal market: brief overview

Putin approves measures to support Russian coal industry

Explosion at Yakutugol’s washing plant in Neryungri

Energise your Monday!

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

Your subscription could not be saved. Please try again.
Your subscription has been successful.

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

© 2020 TheCoalHub | All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

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

Log In
No Result
View All Result
  • Premium Content
  • Blog
  • Events
  • Industry Links
    • Coal Consultants
    • Coal Industry Association
    • Coal Industry News
    • Coal Price & Market Information
    • Government Organisation
    • Think Tank
    • Coal Company
  • Videos
  • Other Hubs
    • EUROPEAN GAS HUB
    • GLOBAL LNG HUB
    • GLOBAL MARITIME HUB
    • GLOBAL HYDROGEN HUB
    • CRITICAL MINERALS HUB
  • FREE TRIAL
  • My account
  • Login

© 2020 TheCoalHub | All Rights Reserved

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.