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Developments in Thermal Coal Markets

Author

Listed:
  • Trent Saunders

    (Reserve Bank of Australia)

Abstract

Thermal coal prices increased markedly over the decade to 2011, driven by a substantial increase in global demand. That led to significant investments in thermal coal mine and port capacity, particularly in Australia and Indonesia. The resulting increases in the seaborne supply of thermal coal have underpinned a significant fall in global thermal coal prices. However, an easing of the pace of growth of global demand for thermal coal, reflecting a move towards cleaner energy sources and a slowing in the growth of aggregate electricity demand, has also weighed on prices. The outlook for prices and production over the next few years depends on a number of factors, particularly the response of Chinese demand to policy measures.

Suggested Citation

  • Trent Saunders, 2015. "Developments in Thermal Coal Markets," RBA Bulletin (Print copy discontinued), Reserve Bank of Australia, pages 19-28, June.
    • Handle: RePEc:rba:rbabul:jun2015-03
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    File URL: https://www.rba.gov.au/publications/bulletin/2015/jun/pdf/bu-0615-3.pdf
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    Citations

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    Cited by:

    1. Connor, Linda H., 2016. "Energy futures, state planning policies and coal mine contests in rural New South Wales," Energy Policy, Elsevier, vol. 99(C), pages 233-241.
    2. Ivan Roberts & Trent Saunders & Gareth Spence & Natasha Cassidy, 2016. "China's Evolving Demand for Commodities," RBA Annual Conference Volume (Discontinued), in: Iris Day & John Simon (ed.),Structural Change in China: Implications for Australia and the World, Reserve Bank of Australia.
    3. Galina Williams & Ruth Nikijuluw, 2020. "The economic and social benefit of coal mining: the case study of regional Queensland," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 64(4), pages 1113-1132, October.
    4. Drachal, Krzysztof, 2018. "Comparison between Bayesian and information-theoretic model averaging: Fossil fuels prices example," Energy Economics, Elsevier, vol. 74(C), pages 208-251.

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