RE: JD Foxy Aerial13 Nov 2019 14:31
China
Seaborne trade for thermal coal, the most widely used fuel for generating electricity, is expected to hit the 1 billion mt mark in 2019
S&P Global Platts Analytics has forecast the seaborne trade for thermal coal for 2019 at 994 million mt and for 2020 at 1.015 billion mt.
Australia
Australian producers have started to concentrate on higher quality thermal coal production.
Southeast Asia
The spike in Southeast Asian demand, especially with Vietnam expected to see significant growth in imports, is offering solace to producers in Indonesia, Australia and the Russian Far East. Imports of coal into Vietnam would be about 40 million mt in 2019 and should exceed 50 million mt in 2020," said Andy Bui, vice-president at Vietnam's An Viet Phat Energy.
Vietnam's coal imports are estimated to reach 80 million mt by 2025 and 110 million mt by 2030, according to Bui.
India
India is expected to import 190 million mt during 2019 and 209 million mt in 2020, according Platts Analytics.
Russia
Russia have also been growing. Russia will be a leading supplier of thermal coal over the next 20 years. They could be number one or two. Perhaps by 2028 it will exceed Australia," Echeverri said.
Etc etc etc !!
Coal is dead lol