Commodity Market Report
Global thermal coal short-term outlook December 2020: Cold weather heats up prices
Report summary
The winter weather brings warm tidings to coal sellers with the benchmark Newcastle 6,000 price up nearly US$18/tonne since the start of the month. Colder than expected weather across Europe, China, Japan and elsewhere drove power generation to record highs and spurred demand for coal. However, spot supply is limited after producers spent the majority of the year cutting production to align with the demand destruction of the pandemic. So are the good times here to stay?
Table of contents
- General discussion and base case
- COVID-19 scenarios
- China
- India
- Japan
- EMEARC
- Australia
- Indonesia
- Colombia
- South Africa
Tables and charts
This report includes 5 images and tables including:
- Key prices - history and forecast (nominal US$/t)
- Low and high cases for Newcastle 6,000 nar at various confidence intervals
- China seaborne thermal coal imports
- Australia coal exports to China
- Indonesia coal production
What's included
This report contains:
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