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Wednesday, 05 July 17
COAL PRICES ROSE IN CHINA, JAPAN AND EUROPE IN 2016 - BP
bpCOALspot.com: Coal prices rose in China, Japan and Europe in 2016 after four years of price declines.

According to bp, the rise in coal prices further depressed global coal demand particularly in the power sector with natural gas and renewable energy the main beneficiaries.  

The price level remained the highest in Japan.

The steam coal price differential between Japan and North America rose from $7/t in 2015 to $18/t, and the spread between Northwest Europe and North America rose from $3/t to $16/t.

Coal consumption
bp also said, Global coal consumption fell by 1.7%, (-53 mtoe) the second successive annual decline.
 
The largest decreases were seen in the US (-33 mtoe, an 8.8% fall), China (-26 mtoe, -1.6%) and the United Kingdom (-12 mtoe, -52.5%). 
 
Coal consumption in the UK more than halved to its lowest level in our records. 
 
Chinese coal consumption declined for the third consecutive year, although by less than production, with China resuming its position as the world’s largest importer of coal.


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Recent News

Tuesday, 12 September 17
KOMIPO TO IMPORT 2.5 MILLION TONS OF 5700 NAR COAL FOR 5 YEARS
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued an another new tender for total 500,000 Metric Tons of Bituminous ...


Monday, 11 September 17
A PUNCHY WEEK FOR THE BIG SHIPS AS THE RATE FOR WEST AUSTRALIA TO CHINA HIT $8.00 THE FIRST TIME IN NEARLY THREE YEARS - BALTIC EXCHANGE
Capesize A punchy week for the big ships as the rate for West Australia/China hit $8.00 the first time in nearly three years. A Jiangsu Steamship ...


Monday, 11 September 17
INDONESIAN ICPR SURGES HIGHER, POSTS BIGGEST MONTHLY RISE SINCE DECEMBER 2016, ESDM DATA SHOWS
COALspot.com: Indonesian coal benchmark price surges 9.60% in September, government data showed. The benchmark price of Indonesian th ...


Monday, 11 September 17
KOMIPO INVITED BIDS FOR TOTAL 6.235 MMT OF 5700 AND 5100 NAR COAL FOR 2017 TO 2022 LOADING
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued an another new tender for total 1,590,000 Metric Tons of Bitumino ...


Monday, 11 September 17
THE FREIGHT MARKET ROSE WEEK OVER WEEK; BCI UP 22.22% & BPI UP 14.77%
COALspot.com: The freight market rose in all segments week over week. Mainly Cape and Panamax have supported to pushed up BDI this past week, BDI, ...


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