Global thermal short-term outlook April 2022
The Russia-Ukraine war and Europe's quest for alternative suppliers continues to drive thermal coal shortages and extreme prices. Seaborne thermal coal prices rebounded upward from the end of March as several governments firmed plans to sanction Russian coal imports. Coal demand in Europe is expected to increase this year as the region struggles with natural gas supplies. Many countries have brought back on mothballed coal-fired units to ensure reliability. Yet, high prices are causing most other coal importers to retreat from the market.