Name: Global thermal coal prices retreat to multi-year lows
Brand: Wood Mackenzie
SKU: 195432
Price: 1100 USD
Availability: OnlineOnly
Author: Wood Mackenzie

Insight 24 February 2025

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            <h3 class="mega store_featured_content_extrabold store_font_black">Report summary</h3>
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Global coal prices plummeted to their lowest levels since mid-2021. A mild northern hemisphere winter and relatively benign weather in key coal-producing regions have resulted in utilities in all major markets sitting on large stockpiles. Meanwhile coal output has risen in Indonesia and Australia as well as in India and China’s domestic sectors threatening the import demand outlook. We expect coal prices to recover as stockpiles deplete to more normal levels. Mild weather could see high stocks persist into the summer months. In this scenario, producers may need to curtail output to rebalance the market and support prices.</div>
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                    <h3 class="alpha push-half--bottom">Table of contents</h3>

<li class="list__item-toggle font-semibold">
        Coal prices fall
    </li>

<li class="list__item-toggle">
        <a href="#e7b341c4-b538-49bd-90bf-f5639dfe95da" class="js-toggle-local list__link-toggle dark-link font-semibold" role="button" aria-controls="e7b341c4-b538-49bd-90bf-f5639dfe95da" aria-expanded="false">
            Demand slump meets supply surge
        </a>
        <ul id="e7b341c4-b538-49bd-90bf-f5639dfe95da" class="panel-toggle push-half--left push-half--bottom">
                <li class="push-quarter--bottom">
        Stockpile surplus at power plants and ports
    </li>
    <li class="push-quarter--bottom">
        Production boom
    </li>
    <li class="push-quarter--bottom">
        Economic headwinds and geopolitics keep markets volatile
    </li>

</ul>
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<li class="list__item-toggle font-semibold">
        Outlook
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        <a href="#bd519396-222a-4476-891d-56a3a29c861f" class="js-toggle-local list__link-toggle dark-link font-semibold" role="button" aria-controls="bd519396-222a-4476-891d-56a3a29c861f" aria-expanded="false">
            Price risks in 2025
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        <ul id="bd519396-222a-4476-891d-56a3a29c861f" class="panel-toggle push-half--left push-half--bottom">
                <li class="push-quarter--bottom">
        Upside
    </li>
    <li class="push-quarter--bottom">
        Downside
    </li>

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    </li>

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<h3 class="alpha push-half--bottom">Tables and charts</h3>

<p class="push-half--bottom">This report includes the following images and tables:</p>

<ul class="list list--bullets">
        <li class="list__item push-quarter--bottom">Thermal coal price trend (nominal)</li><li class="list__item push-quarter--bottom">Seaborne thermal coal - Total cash cost plus sustaining capex, adjusted to 6000nar</li>
    </ul>

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<h3 class="alpha push-half--bottom ">What's included</h3>
<p class="push-half--bottom ">This report contains:</p>
<ul class="list"><li class="list__item-icon push-half--bottom"><svg class="list__image-icon" width="13.9" height="17.2" viewBox="0 0 13.9 17.2"><title>Document</title><g fill="#232323"><path d="M13.8 3.5L10.3.2c-.1-.2-.2-.2-.3-.2H1.5C.7 0 0 .7 0 1.5v14.2c0 .8.7 1.5 1.5 1.5h10.9c.8 0 1.5-.7 1.5-1.6V3.8c0-.1 0-.2-.1-.3zm-3.4-1.8l1.7 1.6h-1.7V1.7zm2 14.4H1.5c-.2 0-.5-.2-.5-.5V1.5c0-.2.3-.5.5-.5h7.8v2.9c0 .2.2.5.5.5h3.1v11.3c0 .2-.2.4-.5.4z"></path><path d="M11.1 6.3H3.7c-.2 0-.5.2-.5.5s.2.5.5.5H11c.3 0 .6-.2.6-.5s-.3-.5-.5-.5zM11.1 12.6H3.7c-.2 0-.5.2-.5.5 0 .2.2.5.5.5H11c.3 0 .6-.2.6-.5-.1-.3-.3-.5-.5-.5zM3.7 10.4H11c.3 0 .6-.2.5-.5 0-.2-.2-.5-.5-.5H3.6c-.2 0-.5.2-.5.5 0 .2.2.5.6.5z"></path></g></svg>
<p class="font-regular" >Global thermal coal prices retreat to multi-year lows</p>
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