Insight

How will China's environmental protection policies affect thermal coal demand this winter?

Get this report

$1,100

You can pay by card or invoice

Contact us

Submit your details to receive further information about this report.

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

- Available as part of a subscription
- FAQ's about online orders

27 October 2017

How will China's environmental protection policies affect thermal coal demand this winter?

Report summary

Prices of thermal coal futures for January 2018 delivery in China are currently around RMB 100/t lower than spot prices. Considering supply is already tight, what is driving such a bearish near-term outlook? The answer lies in the effect China's various efforts to reduce pollution are having on the fundamentals, with market participants forecasting that over 100 Mt of coal demand will be cut during the winter heating season. However, Wood Mackenzie believes this figure is too ambitious and, as such, prices at the start of next year will not drop as far as the market expects. In this Insight, we highlight how the various policies are influencing thermal coal demand, estimate how much demand will really be cut and identify the other factors that will drive prices this winter.

Table of contents

Tables and charts

This report includes 2 images and tables including:

  • China thermal monthly demand and prices, Mt, RMB/t
  • The impact on coal demand by environmental protection efforts, Mt

What's included

This report contains:

  • Document

    How will environmental protection have impact on coal demand.xls

    XLS 216.50 KB

  • Document

    How will China's environmental protection policies affect thermal coal demand this winter?

    ZIP 340.13 KB

  • Document

    How will China's environmental protection policies affect thermal coal demand this winter?

    ZIP 340.13 KB