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Coal forecast to drop off in 2019 as demand softens - IBISWorld

Coal News - Published on Fri, 11 Jan 2019

Image Source: Australian Mining
Australian Mining Black coal mining has been predicted by IBISWorld to be one of the Australian industries that will experience a decline in revenues this year as market conditions turn. IBISWorld expects revenues in the black mining industry to fall by 14.2 per cent in 2018-19 due to a decline in prices for both coking and thermal coal. Australian production of coking and thermal coal is, however, on track to increase in the 2019 financial year.

IBISWorld senior industry analyst Ms Kim Do said coking coal prices were anticipated to decline following an increase in global supply and softening demand from China. Ms Do said that “Thermal coal prices are expected to decline as global economies continue to transition away from coal as part of increasing efforts to reduce greenhouse gas emissions. In addition, Australian coal production capacity is anticipated to remain limited due to slowing investment in the industry.”

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Posted By : Rabi Wangkhem on Fri, 11 Jan 2019
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