Insight
Global thermal coal: 5 things to look for in 2023
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Report summary
Benchmark Newcastle prices have remained at all-time highs at the start of the year, despite signs of prices weakening elsewhere. There are major risks to the market in either direction this year. Coal markets remain tightly supplied with scarce capital spend. However, bearish global economic outlooks could threaten coal demand to the downside. Will prices retain strength in 2023 or are we headed toward a rapid fall? Our thermal coal analysts lay out the top themes to watch in 2023.
Table of contents
- 1) Seaborne coal prices will fall but margins will remain high
- 2) End of the Australian coal ban in China will have a downward impact on prices overall
- 3) Russian coal sanctions will entrench
- 4) Coal supply recovery but limited CAPEX spend toward the future
- 5) Coal still needed for reliability, but the renewable undercurrent is growing
Tables and charts
This report includes 1 images and tables including:
- Newcastle exports
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