Global thermal coal prices surged to to record levels in 2022, experiencing unprecedented volatility. Prices have since come off as risks associated with Europe’s winter 22/23 supply recede. At a global level, coal demand remains robust with security of supply shifting higher up the agenda of many governments in light of geopolitical upheaval. In Europe, gas supply cuts have sparked a recovery in power-sector demand, while sanctions have shifted the region’s coal import mix away from Russia and towards other suppliers. In Asia-Pacific, thermal coal remains a pillar of the power and industrial sectors. Global coal trade flows and price spreads are shifting, with flows from key suppliers Russia, Indonesia, Australia, South Africa, Colombia and the US penetrating new markets. Keeping on top of prices and flows, and how coal markets intersect with other energy and commodity benchmarks, will be critical in the coming years.
Argus Coalindo Indonesian Coal Index Service
The leading coal price reference used by buyers and sellers of Indonesian coal and used in the computation of the Indonesian domestic coal price. It includes key prices such as ICI3, ICI4 and ICI5.
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