Commodity Market Report
Global thermal coal short-term outlook December 2018: elevated prices and risks to persist
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
2018 is coming to an end. It has been a tumultuous year and commodity markets faced increased demand uncertainty and price volatility. Supply continue to face challenges due to limited investment in the sector since the last cycle. In this monthly report, we review which markets increased demand for thermal coal imports and where it fell. How did Chinese import control policies impacted the balance and price formation.
Table of contents
- Win some, lose some
- Near-term outlook
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2018 scorecard: does China matter above all else?
- China: import controls driving market crazy
- China: support required next year to tackle economic slowdown
- India: imports strengthen
- Other Asia: will growth outshine China and India?
- Japan cancels new coal-fired power project
- Europe
-
Australia
- Glencore consolidates its position in thermal coal trade, Mitsubishi confirms exit
- Adani’s Carmichael project in the Galilee basin: so near and yet so far
- Mt Pleasant project ready to export thermal coal
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Indonesia
- Will new rules divert exports towards domestic markets?
- Russia plans to raise rail tariff in 2019
- Colombia
Tables and charts
This report includes the following images and tables:
- Market discounts (energy adjusted) between Newcastle benchmark and off-spec coals, US$/t
- Key prices - history and forecast, nominal, US$/t
- 2018 supply-demand balance, Mt
What's included
This report contains:
