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Thermal Coal Prices to Recover in 2020

Coal News - Published on Fri, 17 Jan 2020

Image Source: jakpost.net
Analysts expect thermal coal prices are expected to recover in 2020 after losing around a third of their value last year as demand from some south-east Asian countries grows and oversupply tightens due to financing constraints for new capacity. Perret Associates analyst Mr Guillaume Perret said "As 2020 gets under way there are signs that the support that international coal prices found at the tail end of last year could just be a foretaste of a market recovery in the year ahead. Although demand looks set to remain largely subdued, tightening supply, especially in the Atlantic market, could boost prices after their heavy fall in 2019.”

Physical Australian thermal coal and European benchmark coal futures lost around one third of their value in 2019, while European physical prices dropped by as much as 40%. So far this month, prices for prompt loading at Australia's Newcastle terminal have gained 13% while front-year European API2 coal futures have risen 16%.

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Posted By : Rabi Wangkhem on Fri, 17 Jan 2020
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