Weekly Alert | Global, China coal market outlooks

IEA forecast global coal consumption to hit new high in 2024; China coal prices to still face downside pressure in 2025; how about the Chinese-Russian coal relations?...

Dec 20, 2024

Global coal use to hit record in 2024, plateau through 2027, IEA

Global coal consumption is set to reach a new all-time high in 2024 from the previous record seen in 2023 to 8.77 billion tonnes, the International Energy Agency.

China coal prices to remain under pressure in 2025, analyst

With China's thermal coal market declining and showing no signs of stabilizing soon, what are the key factors shaping the market outlook for 2025?

Chinese-Russian coal relations - A long-term game?

In 2023, China's imports of thermal coal (excl. anthracite) from Russia reached a record high of 58 million tons, surging 58.3% year on year. However, by the end of 2024, the imports are expected to

CEC: Thermal coal prices may find support near term contract's upper limit

Thermal coal prices in China's domestic spot market are anticipated to receive solid support as they approach the upper limits of medium- and long-term contracts, said the China Electricity Council.

China's MIIT said to revise steel capacity swap rules

China's Ministry of Industry and Information Technology (MIIT) is working with relevant departments to revise the steel capacity swap policy, as part of efforts to stabilize operations.

Indian coal demand expected to increase by 2.6% annually to 1.42 Bt by 2027, IEA

Indian coal demand is expected to increase by 2.6% annually to 1.42 billion tonnes by 2027, with growth across all coal grades.

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Data watch

Sxcoal has summaried the latest official coal import/export updates as follows:

Sxcoal Newsletter

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