Power Plant Pipeline – More Thoughts
We’re beginning to see the inadequacy of Chinese coal production to meet their own power demands as production falters & demand climbs.
We’re beginning to see the inadequacy of Chinese coal production to meet their own power demands as production falters & demand climbs.
In the first half of 2023, China approved 52 GW of new coal power projects, a significant increase from the 15 GW permitted in H1 2022
July’s high summer temperatures and heatwaves in many parts of the country led to increased thermal coal burn.
Thermal coal markets have high inventories and are experiencing increased demand during the summer cooling season in the northern hemisphere.
European coal price have found a footing in the $110-120/mt range as natural gas supply sees uncertainty in absence of Russian flows.
I keep harping on TTF as the fulcrum for energy markets (coal and natgas), and the price has moved up over 65% from its lows on June 2
Market Updates: Steel sector has moved past the hype-cycle of a Chinese reopen boom and is settling into a new reality.
The US domestic thermal coal situation is honestly a dumpster fire at this moment in time.
Global thermal coal markets saw another decline in forward prices last week, despite stable natural gas prices.
The shoulder season dip and high coal and gas inventories continue to weigh on spot seaborne thermal coal pricing.