Commodity Market Report

Global Thermal Coal Strategic Planning Outlook – H1 2022

Get this report


You can pay by card or invoice

For details on how your data is used and stored, see our Privacy Notice.

- FAQs about online orders
- Find out more about subscriptions

The Russia-Ukraine war has shocked the coal and the broader energy markets. The war threatens to radically upend long-term traditional seaborne trade flows and upset the very tight balance in the high calorific value coal market. Buyers in Europe, Japan, South Korea, and several other locations are scrambling to minimise their exposure to Russian supply. In the short-term, supply shortages will keep prices elevated well above marginal costs for longer. Europe will increase coal consumption, due to more prominent shortages in European natural gas markets; while there is coal import demand destruction most elsewhere, as the rest of the world retreats from high coal prices. Longer-term, faster decarbonization and protectionist policies will bring about lower seaborne coal demand than our previous forecast, falling 48% to 512 Mtpa by the end of the forecast.

Table of contents

Tables and charts

This report includes 2 images and tables including:

What's included

This report contains:

  • Document

    Global Thermal Coal Strategic Planning Outlook – H1 2022

    PDF 818.15 KB