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Coal price index

This post is a summary of the Coal price index developments since 2018. The price developments of coal are expressed as a price index over time in US$, converted at current FX rates at the time. Coal price index developments are calculated from multiple separate sources of data to ensure statistical accuracy.

Further information on the Coal price index

 

What is coal

Coal is a fossil fuel that is formed from the remains of plants that lived and died millions of years ago. It is a black, solid substance that is composed mainly of carbon, along with small amounts of other elements, such as hydrogen, sulfur, and oxygen.

Coal is classified into four types: anthracite, bituminous, subbituminous, and lignite, based on the amount of carbon and other impurities it contains. Anthracite is the highest quality and contains the least amount of impurities, while lignite is the lowest quality and has the highest amount of impurities.

Coal is used as a fuel source for electricity generation, steel production, and a variety of other industrial processes. It is also used in the production of cement and as a source of heat for homes and businesses.

Coal is a nonrenewable resource, which means that it cannot be replaced once it has been used up. The use of coal as a fuel source has significant environmental impacts, including air pollution and greenhouse gas emissions, which contribute to climate change.

Coal market size information

According to https://oec.world/ :

Bituminous coal, not agglomerated are the world’s 27th most traded product.

In 2020, the top exporters of Bituminous coal, not agglomerated were Australia ($30.6B), Russia ($10.9B), United States ($6.36B), Indonesia ($4.62B), and South Africa ($3.77B).

In 2020, the top importers of Bituminous coal, not agglomerated were Japan ($13.1B), China ($11.7B), India ($8.98B), South Korea ($7.28B), and Chinese Taipei ($3.87B).

 

Further information

 

 

Data source: IMF

This data has been partly provided by the IMF and the World Bank. The only change is that it has been indexed for Jan 2019 (so Jan 2019 is set as the index 1.00). The data is provided subject to the terms and conditions as defined by the IMF

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Notes on the price-data

  • We aim to update the data series on the 11th and 25th of each month (but we do not always make it for each chart)
  • The data for the current month and recent history are fine-tuned over time.
  • We are continually improving our data collection and processing methods and data will be updated from time to time as we improve the accuracy
  • We are working hard to upgrade the algorithm before April 1, 2023 and a further fine-tune by July 1, 2023
  • This the index trend of the price of the product group in general and not a single specification in particular
  • The source of the data are exclusively public non-confidential sources
  • We combine public publications, import/export records, company announcements, and sources of ad-hoc public information.
  • The chart shows the price trend,  nearly always taken from many statistically-correlated sources 
  • The data is presented in US$. The UOM of measure is shown in the Index list table
  • We do our best to create an accurate representation of the trend
  • Although we believe the price trend to be accurate, we assume no responsibility or liability for any errors or omissions in the content of this site.
  • The information is provided on an “as is” basis with no guarantees of completeness, accuracy, usefulness, fitness for purpose or timeliness.
  • By their nature, outlooks are always uncertain
  • We are working on 500 additional indexes which will be released over time when we are content that it is accurate.
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