EnergyScan

DOWNLOAD OUR SPECIAL REPORT

The thermal coal market is also experiencing a significant tightness this year

A lot has already been said about the worrying level of European gas stocks and its strong impact on global energy prices with notably TTF front-month prices breaching the €50/MWh mark and German Cal 22 power prices breaching the €90/MWh mark in week 35.  But thermal coal remains a key driver of the European energy market as it defines the level at which we can see a cut in gas demand, notably through a gas-to-coal switch in the power generation sector.

And a quick look at coal fundamentals adds further bullishness to the current energy supply picture. Coal stock levels in key consuming regions are at multi-year lows in China, India, Europe and the US a few weeks before the start of the heating season on the back of strong coal demand for power generation mostly driven by economic recovery in Asia.

API 2 coal month-ahead prices
Download the full report
In this report, you’ll find key synthetic data and comments covering demand, supply and stocks in the main consuming regions and an outlook for the thermal coal market.
Share this news :
Share on twitter
Share on linkedin
Share on email

You might also read :

ES-gas
October 25, 2021

Mixed price evolution

European gas prices were mixed on Friday. Spot prices were slightly up, supported by below-normal temperatures. By contrast, curve prices were slightly down as the…

Don’t have an account yet?  Sign up here!

[booked-calendar]