*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Table of contents
- Phase I: A gradual return to marginal costs (2018 – 2023)
- Phase II: the first bounce (2024 – 2027)
- Phase III: risker projects required despite demand pressure (2028 – 2037)
- Phase IV: renewables risk weighs on prices (2038 – 2040)
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Risked price ranges
- Global thermal coal demand continues to decline from its 2013 peak
- Seaborne demand is influenced by government policies in key Asian nations
- China
- India
- Japan, South Korea, and Taiwan
- Southeast Asia
- EMEARC and the Americas
- Variable import demand requires flexible supply: overcapacity is here to stay
- Mining costs slowly rising
- Country-level supply review: Indonesia and Australia dominate the supply
Tables and charts
This report includes 4 images and tables including:
- Phase I marker coal price forecast, real 2018 US$/t
- Phase II marker coal price forecast, real 2018 US$/t
- Phase III marker coal price forecast, real 2018 US$/t
- Phase IV marker coal price forecast, real 2018 US$/t
What's included
This report contains: