Bituminous coal price November 2023 and outlook (see chart below)
- Global:US$0.31/KG, -3.1% down
- North America:US$0.3/KG, -3.2% down
- Europe:US$0.36/KG, -2.7% down
- Africa:US$0.31/KG, -3.1% down
- Northeast Asia:US$0.33/KG, unchanged
- Australia:US$0.28/KG, unchanged
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Bituminous Coal price index
This post is a summary of the Bituminous Coal price index developments since 2018. The price developments of Bituminous coal are expressed as a price index over time in US$, converted at current FX rates at the time. Bituminous Coal price index developments are calculated from multiple separate sources of data to ensure statistical accuracy.
Further information on the Bituminous Coal price index
What is Bituminous Coal
Bituminous coal is a type of coal that falls between lignite and anthracite in terms of rank, or the degree to which it has been transformed from its original organic material. Bituminous coal is generally black or dark brown in color and has a glossy or shiny appearance. It is the most common type of coal used in the United States and is used to generate electricity and to make coke, which is used in the steel industry.
Bituminous coal is formed from the transformation of plant material that has been buried and subjected to high pressures and temperatures over millions of years. As the plant material is subjected to heat and pressure, it undergoes chemical and physical changes, resulting in the formation of coal. Bituminous coal is rich in carbon and has a higher energy content than lignite or subbituminous coal. It is also more durable and has a higher melting point than these other types of coal.
Bituminous coal is mined using a variety of methods, including underground mining and surface mining. It is then transported to power plants or other facilities where it is used to generate electricity or to make coke. Bituminous coal is an important energy source and is widely used around the world. However, it is also a major source of air pollution, and its use has significant environmental impacts.
Where and how is Bituminous Coal produced
Bituminous coal is mined in a number of countries around the world, including the United States, China, India, Russia, and Australia. In the United States, bituminous coal is mined in a number of states, including Wyoming, West Virginia, Kentucky, Pennsylvania, and Illinois. These states have large deposits of bituminous coal and are among the leading producers of coal in the United States.
Bituminous coal is mined using a variety of methods, including underground mining and surface mining. Underground mining involves extracting coal from underground seams or veins, while surface mining involves removing the soil and rock above a coal deposit and then extracting the coal. The method used to mine bituminous coal depends on a number of factors, including the location and quality of the coal deposit, the topography of the area, and the availability of labor and equipment.
Bituminous coal is an important energy source and is widely used around the world. However, the mining of bituminous coal can have significant environmental impacts, including the destruction of land and water resources, the release of greenhouse gases, and the pollution of air and water. As a result, it is important to minimize the environmental impacts of coal mining and to use coal in a responsible and sustainable manner.
What is Bituminous Coal used for
Bituminous coal is a type of coal that is commonly used to generate electricity and to make coke, which is used in the steel industry. Here are a few specific examples of how bituminous coal is used:
Bituminous coal is a major source of electricity in many countries around the world. It is burned in power plants to produce steam, which is used to generate electricity. Bituminous coal has a higher energy content than other types of coal, making it an efficient fuel for electricity generation.
Coke is a solid fuel that is made from coal. It is used in the steel industry to reduce iron ore to iron and to remove impurities from the iron. Coke is made by heating bituminous coal to high temperatures in the absence of air. The heat removes the impurities from the coal, leaving a porous, carbon-rich fuel that burns with a high heat content.
Bituminous coal is also used in a number of other applications, including the production of cement, the manufacture of chemicals, and the generation of steam for industrial purposes.
How big is the Bituminous Coal market
It is difficult to estimate the size of the global market for bituminous coal, as it is used in a wide variety of applications and is produced in many different countries. However, bituminous coal is an important energy source and is widely used around the world. According to some estimates, the global market for bituminous coal was valued at around $280 billion in 2020 and is expected to reach $312 billion by 2026, at a compound annual growth rate of 2.1%.
Bituminous coal is used to generate electricity and to make coke, which is used in the steel industry. It is also used in a number of other applications, including the production of cement, the manufacture of chemicals, and the generation of steam for industrial purposes. The demand for bituminous coal is driven by a number of factors, including the growing demand for electricity and steel, as well as the availability and cost of other energy sources. Bituminous coal is an important energy source and is expected to continue to play a significant role in the global energy mix in the coming years.
According to https://oec.world/ :
Bituminous coal, not agglomerated are the world’s 27th most traded product.
- Wikipedia for general, history, production and usage information
- PubChem for chemistry and property information
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