Coal market update – July 2023
Coal markets, like those for oil and natural gas, have experienced a turbulent three years as a result of the pandemic and Russia’s invasion of Ukraine, which triggered the first truly global energy crisis. In 2023, coal markets have so far been less volatile, though more turmoil could lie ahead. This Coal Market Update – which provides the latest analysis of coal demand, production, trade and prices – finds that coal demand and supply reached an all-time high in 2022, confirming previous forecasts. It also provides preliminary estimates for the first half of 2023 and outlooks for full-year 2023 and 2024, based on recent trends and forecasts for economic growth across regions, as well as fuel and forward curves.