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 :

You might also read :

ES-oil
August 26, 2021

Rally in Atlantic gasoline markets

Crude prices remained supported to 71.8 $/b for ICE Brent prompt futures. As the EIA weekly release showed a seasonally average week, with stock draws in crude…
ES-economy
October 12, 2021

Awaiting key US indicators

The US bond market was closed yesterday, bringing some calm after a sharp rise in yields last week that was not halted by the release…

Don’t have an account yet? 

[booked-calendar]