Weekly Coal Index Report
Both spot and front-year coal prices recorded gains, as Glencore seeks to suspend operations at its Prodeco unit in Colombia for up to four years.
Producers in both Colombia and Russia have recently taken steps to limit output, to help reduce market oversupply at current demand levels.
Coal India has meanwhile launched e-auctions for importers of coal, in line with government’s Aatmanirbharta plan to reduce coal imports to zero.
All coal buyers are eligible to participate in the e-auction, with minimum bids of 25kt for road, and 50kt for rail.
In Europe, carbon prices continue to impact on coal burn, with German 2020 coal imports potentially falling by up to 40% due to the pandemic, and better gas-fired plant utilisation under higher CO2 prices.
Thankfully for SA exporters, countries such as Bangladesh and Vietnam continue with robust demand as new power projects get underway.
For now, SA appears to have largely emerged from the recent load-shedding, as slightly warmer weather arrives.
However, the country remains in the grip of the Corona pandemic with cases reported on various coal mines as well.
The conversation around a Just Transition away from coal continues, whilst our research shows that domestic coal price levels will come down to the rate of coal mine closures vs. the rate of Eskom plant decommissioning.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
CMTS is a leading, well-established EC&I contractor with 37+ years of mining and industrial experience. We execute full-scope EC&I projects with...
VISIT SHOWROOM
ZF Aftermarket is the after-sales division of the world-renowned German ZF group, a global leader in mobility technology.
VISIT SHOWROOM
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
