• 4 minutes Why Trump Is Right to Re-Open the Economy
  • 7 minutes Did Trump start the oil price war?
  • 11 minutes Covid-19 logarithmic growth
  • 15 minutes Charts of COVID-19 Fatality Rate by Age and Sex
  • 18 minutes China Takes Axe To Alternative Energy Funding, Slashing Subsidies For Solar And Wind
  • 3 hours Russia's Rosneft Oil Company announces termination of its activity in Venezuela
  • 5 hours America’s Corona Tsar, Andrew Fauci, Concedes Covid-19 May Be Just a Bad Flu With a Fatality Rate of 0.1%
  • 19 mins Saudi Arabia Can't Endure $30 Oil For Long
  • 1 min Trump eyes massive expulsion of suspected Chinese spies
  • 7 hours KSA taking Missiles from ?
  • 3 hours TRUMP pushing Hydroxychloroquine + Zpak therapy forward despite FDA conservative approach. As he reasons, "What have we got to lose ?"
  • 9 hours Where's the storage?
  • 9 hours Western Canadian Select selling for $6.48 bbl. Enbridge charges between $7 to $9 bbl to ship to the GOM refineries.
  • 11 hours China extracts record amount of natural gas from Gas Hydrates in South China Sea
  • 9 hours Hillary Clinton tweeted a sick Covid joke just to attack Trump
  • 13 hours Wait till America opens their Q1 401k Investment Statements and see they have lost 35% of their retirement savings. They can blame the Authoritarian Chinese Communist Party..
  • 14 hours There are 4 major mfg of hydroxychloroquine in the world. China, Germany, India and Israel. Germany and India are hoarding production and blocked exports to the United States. China not shipping any , don't know their policy.
  • 16 hours Oxford Epidemiologist: Here’s Why That Covid-19 Doomsday Model Is Likely Way Off
Alt Text

Is China’s “Clean Coal” A Lie?

China is launching a new…

Alt Text

Russia Looks To Double Coal Exports To China

Besides its high profile gas…

MINING.com

MINING.com

MINING.com is a web-based global mining publication focusing on news and commentary about mining and mineral exploration. The site is a one-stop-shop for mining industry…

More Info

Premium Content

Thermal Coal Prices Are Soaring

Benchmark seaborne thermal coal prices jumped to $120.10 per tonne on Thursday, its highest level since November 2012, thanks to tight supply in key Asian export regions. Measured from lows hit end-2015, early 2016 coal used in power generation has gained 140 percent.

Strong consumption in China, despite ongoing efforts by Beijing to reduce reliance on coal for electricity generation and restocking from the spot market by Japanese utilities have buoyed prices.

Import demand from China has been supported by hotter than average temperatures, weak hydro power output, and limited growth in domestic supply, the Australian dept of resources said in its quarterly report released this week.

Supply in South Africa has been diverted to domestic power-generating facilities, impacting exports. In May this year prices at the African nation's Richards Bay terminal topped $100 for the first time since April 2012 and was trending higher again this week at $106.25.

Coal at the Rotterdam port in the Netherlands is set to enter triple digits for the first time since January 2012 exchanging hands for $98.95 this week.

The Australian government forecaster said spot prices are forecast to remain well supported over the next few months, as a result of a relatively tight market, but sounded a note of caution on the longer-term outlook.

Related: The Most Overlooked Renewable Energy Source

However, with most of the contributing factors expected to be temporary, the price is forecast to decline from late 2018, to average US$74 a tonne in 2020 as import demand growth slows relative to supply.

Both China and India are expected to increase domestic thermal coal output.

(Click to enlarge)

By Mining.com

More Top Reads From Oilprice.com:


Download The Free Oilprice App Today

Back to homepage






Leave a comment
  • Fox on July 08 2018 said:
    Chinese coal use will decline 10% as the trade war proceeds.

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News