Understanding World Coal Prices
Coal is a global industry, with coal mined commercially in over 50 countries and coal used in over 70. Coal is readily available from a wide variety of sources in a well-supplied worldwide market. Coal can be transported to demand centres quickly, safely and easily by ship and rail. A large number of suppliers are active in the international coal market, ensuring competitive behavior and efficient functioning.
Coal Pricing
Coal prices have historically been lower and more stable than oil and gas prices, and despite the growth of index and derivative based sales in recent years, this has typically remained the case. Coal is likely to remain the most affordable fuel for power generation in many developing and industrialised countries for several decades.
In countries with energy intensive industries, the impact of fuel and electricity price increases will be compounded. High prices can lead to a loss of competitve advantage and in prolonged cases, loss of the industry altogether. Countries with access to indigenous energy supplies, or to affordable fuels from a well-supplied world market, can avoid many of these negative impacts, enabling further economic development and growth.
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