
Russia boosts coal exports to China in 2023
In 2023, Russia ramped up coal supplies to China almost 1.5 times to all-time high of more than 100 million tons

In 2023, Russia ramped up coal supplies to China almost 1.5 times to all-time high of more than 100 million tons

European coal-fired power generation fell 3% month on month in December as utilities relied on nuclear and gas to meet rising demand

The south Asian giant is setting new targets to use more coal, despite committing to transitioning away from fossil fuels.

Chinese buyers’ interest in imported thermal coal cargoes is likely to ease from last year’s highs in 2024.

Indonesian thermal coal exports rose by 7% y-o-y to 360.58 million tonnes (mnt) in CY’23 as against 336.78 mnt in CY’22

Indonesia’s seaborne coal exports increased again from the previous month, an increase of more than 20% YoY.

China witnessed a continuous expansion of advanced coal production capacity from 2021 to 2023 from robust output and substantial coal imports

Asia’s imports of seaborne thermal coal rose to a record high in December as top buyer China sucked up cargoes amid peak winter demand

From the perspective of the European natural gas market, winter is over as the region’s mild weather has left supplies plentiful

Mainly driven by peak winter demand period from Chinese buyers, Asia’s seaborne thermal coal imports rose to a record high in December 2023

Australian thermal coal exports rose by 13% y-o-y to 199.48 mnt in CY’23 as against 176.89 mnt in the same period last year

Indonesia raised its coal output target for 2024, although projections of a steep increase in domestic consumption could curb exports