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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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