CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Nobel says coal supply to remain tight through winter

By Fitri Wulandari

08:57, 21 September 2021

Flaming hot charcoal briquettes
Flaming hot charcoal briquettes - Photo: Shutterstock

Supply tightness in the coal market is likely to continue through winter and possibly to February 2022, said Rodrigo Echeverri, head of research mining equipment and services at global commodity trading firm, Noble Resources International. 

“If there is no economic slowdown in China is possible we have tightness to February 2022,” Echeverri told the audience at the virtual Coaltrans Asia Conference on Tuesday. 

Demand from China has fuelled rally in thermal coal prices to multi-year high since end of 2020 as the country’s economy recover from the coronavirus pandemic. At the same time, its domestic coal output struggled to meet demand from utilities and generating capacity from its hydropower dropped due to drought. 

Oil - Crude

71.98 Price
+2.450% 1D Chg, %
Long position overnight fee -0.0201%
Short position overnight fee -0.0018%
Overnight fee time 21:00 (UTC)
Spread 0.04


14,557.80 Price
+0.640% 1D Chg, %
Long position overnight fee -0.0255%
Short position overnight fee 0.0032%
Overnight fee time 21:00 (UTC)
Spread 3.0


1,948.36 Price
-1.480% 1D Chg, %
Long position overnight fee -0.0185%
Short position overnight fee 0.0103%
Overnight fee time 21:00 (UTC)
Spread 0.30


0.53 Price
+3.270% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 21:00 (UTC)
Spread 0.00475

Indonesia supply

The expected tightness in winter supply came despite coal supplies in the market is recovering, mainly due to supply from Indonesia, the world’s biggest exporter of thermal coal.

Global coal supplies in 2021 is going over one billion tonnes, up from 920-930 million tonnes in 2020, Echeverri said. He also forecast coal Indonesia’s coal output to grow by 53 million tonnes this year.

Read more: Сoal market forecast: will thermal coal price rally end?

Rate this article

Capital Com is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as an investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own risk.

Still looking for a broker you can trust?

Join the 535.000+ traders worldwide that chose to trade with

1. Create & verify your account 2. Make your first deposit 3. You’re all set. Start trading