"LONDON, July 28 (Reuters) - Global coal demand is set to rise slightly this year to match a record high reached nearly a decade ago, the International Energy Agency (IEA) said on Thursday, as gas prices have soared.
In a coal market update report, the IEA said global coal consumption is forecast to rise by 0.7% in 2022 to 8 billion tonnes, assuming the Chinese economy recovers as expected in the second half of the year
That would match a record high set in 2013 and coal demand is likely to increase further next year to an all-time HIGH (my emphasis).
Coal consumption rebounded last year by around 6% as economies started to recover from the COVID-19 pandemic, contributing to the largest ever annual increase in carbon dioxide emissions...
Global coal demand is being propped up this year by rising natural gas prices, which have increased gas-to-coal switching in many countries, as well as economic growth in India, the report said
Demand for coal in India is expected to rise by 7% this year due to economic growth and increased use of electricity, while European Union demand is also forecast to rise by 7% as coal is increasingly being used to replace gas due to a fall in Russian pipeline gas exports.
Several EU countries are extending the life of coal plants scheduled for closure or reopening closed plants.
Although Chinese coal demand has declined by 3% in the first half of this year it is expected to go up in the second half."
- Forums
- ASX - By Stock
- Target $9.36
"LONDON, July 28 (Reuters) - Global coal demand is set to rise...
-
- There are more pages in this discussion • 1,444 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add WHC (ASX) to my watchlist
(20min delay)
|
|||||
Last
$8.06 |
Change
0.210(2.68%) |
Mkt cap ! $6.743B |
Open | High | Low | Value | Volume |
$7.98 | $8.06 | $7.94 | $29.97M | 3.735M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 83044 | $8.05 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$8.06 | 13939 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 67966 | 8.050 |
1 | 64368 | 8.040 |
3 | 5344 | 8.030 |
2 | 11957 | 8.020 |
2 | 52300 | 8.010 |
Price($) | Vol. | No. |
---|---|---|
8.060 | 3500 | 2 |
8.070 | 105156 | 9 |
8.080 | 88686 | 10 |
8.090 | 108950 | 12 |
8.100 | 43146 | 10 |
Last trade - 16.10pm 31/05/2024 (20 minute delay) ? |
|
|||||
Last
$8.03 |
  |
Change
0.210 ( 2.62 %) |
|||
Open | High | Low | Volume | ||
$7.97 | $8.06 | $7.94 | 635689 | ||
Last updated 15.59pm 31/05/2024 ? |
Featured News
WHC (ASX) Chart |