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Markets & Forecasts

Coal set for relief in 2020 after a turbulent 2019

Coal demand for power generation plunged in 2019 but seems likely to stabilise this year as switching to gas is beginning to plateau Coal demand for power generation plunged in 2019 but seems likely to stabilise this year as switching to gas is beginning to plateau.
By Alessandro Vitelli 9 January 2020 World / Supply & Demand 0 34913
Mt Arthur coal mine in New South Wales, Australia. (BHP)

The key issue: Global use of coal for power generation recorded its largest-ever contraction in 2019, but gas will struggle to take a greater market share in 2020.

Interfax analysis: Last year was brutal for coal markets in many parts of the world. Prices at Newcastle, the leading Australian export base, dropped by 36% over 2019, the biggest decline in a decade. Over the same period, prices at the Amsterdam-Rotterdam-Antwerp hub in Europe dropped by 39%, according to globalCOAL data.

Since peaking in the summer...