Developments in Thermal Coal Markets

Trent Saunders
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Trent Saunders: Reserve Bank of Australia

RBA Bulletin (Print copy discontinued), 2015, 19-28

Abstract: Thermal coal prices increased markedly over the decade to 2011, driven by a substantial increase in global demand. That led to significant investments in thermal coal mine and port capacity, particularly in Australia and Indonesia. The resulting increases in the seaborne supply of thermal coal have underpinned a significant fall in global thermal coal prices. However, an easing of the pace of growth of global demand for thermal coal, reflecting a move towards cleaner energy sources and a slowing in the growth of aggregate electricity demand, has also weighed on prices. The outlook for prices and production over the next few years depends on a number of factors, particularly the response of Chinese demand to policy measures.

Keywords: thermal coal; coal markets; coal exports; coal prices (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (4)

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