There's still life in coal
Recent falls in the price of coal were due to increasing supply rather than declining demand
International coal prices have fallen sharply over recent months. The spot free on board (FOB) price of coal shipped from Australia's Newcastle export terminal stood at $72.50/t on 13 June 2019, 40pc below a peak of $120/t reached in July 2018. By the end of last year 30 countries had joined the Powering Past Coal Alliance, a group committed to moving from coal power generation to clean energy. At Perret Associates we expect to see a global surplus of 24m tonnes of thermal coal in 2019, set out in our latest Long Term Steam Coal Forecast. This compares with a deficit of 25mn tonnes at one stage in 2018. Overall, we anticipate that total steam coal imports will fall by 13mn tonnes in 2019 to
Also in this section
14 March 2025
Gas production slumped to an eight-year low in 2024, but new discoveries and partnership with Cyprus paint a more positive outlook
13 March 2025
Gas will become a more important part of the energy mix longer-term, raising the alarm for much-need investment as supply struggles to keep up with demand
13 March 2025
The spectre of Saudi Arabia’s 2020 market share strategy haunts a suffering OPEC+ as Trump upends the energy world
12 March 2025
Petronas-Eni eyes joint venture to prioritise key gas developments, with huge opportunities for growth in Indonesia and a steady Malaysia portfolio
