PieTrader

Since the beginning of industrialization in the 19th century, coal has had a significant impact on the world's energy supply. To this day, coal remains one of the main energy sources among all non-renewable resources. The use of hard coal, the most important type of coal, has increased even slightly in recent years. Coal also has the largest reserves of all non-renewable energy sources. Global coal production has continued to increase in recent years, reaching the equivalent of nearly 168 exajoules in 2019. In 2020, global coal production will decline slightly to 159.6 exajoules. The top hard coal producing countries are China, India, the United States, Australia and Indonesia.

ICI Coal, the benchmark for Indonesia, traded just around $52 a ton. The International Energy Agency predicts that this year and next, worldwide coal consumption will be relatively stable despite the rapid expansion of renewable energy generation due to the strong growth in electricity demand in major nations. Furthermore, according to current data, Russian seaborne coal shipments fell by 13% during the January–June 2024 period, while China's seaborne coal imports rose by 11% year over year. These figures highlight a tightening coal supply in the market over the past few months.

Global coal production: 167.58EJ. Ambitious economic giants China and India continue to account for the majority of global coal consumption. About 60% of China's rapidly growing energy consumption is supported by coal. Although U.S. coal consumption has shown a slight decline over the past ten years, some projections show significant increases through the end of 2030.