Commodity Market Report
Global thermal short-term outlook July 2022
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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
The moment of truth has arrived for the seaborne thermal coal market as the European Union’s ban on Russian coal begins. The European appetite for alternative high calorific value (CV) coal imports is growing , as natural gas supply in the region appears increasingly volatile. Will Europe be able to source the coal it requires to keep power markets stable through the winter? At what cost to the wider global market?
Table of contents
- China – seaborne thermal coal import in 2022 should be 64 Mt lower than last year
- India – imports remain integral to alleviating the coal crisis
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Europe – imports stranded by bottlenecks as EU leaders look to reduce gas reliance
- Indonesia – Record production in recent months but headwinds ahead
- Russia – eastbound rail quotas return
- Colombia – the return of Prodeco at risk
- South Africa – thermal coal exports continue into Europe
- High/low scenarios
Tables and charts
This report includes the following images and tables:
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Australia thermal coal exportsAustralia thermal coal tradeflowIndonesia coal production and exports
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Indonesia total coal exports by destinationIndonesian mines 7-day average rainfall (mm/week)Russian eastbound export coal railings and quotasSouth African monthly coal exports by country/regionKey prices - history and forecast (nominal US$/t)Low and high cases for Newcastle 6,000 kcal/kg at confidence intervals of 5%, 33%, 66% and 95%
What's included
This report contains:
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