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Coal is amongst the most crucial and prime fossil fuels across the world. It is a solid material with a high content of carbon which generally appears brown or black in colour and is often found in bedded sedimentary deposits. Coal contains over 50 percent by weight and 70 percent by volume carbonaceous matter generated by the compaction and setting of transformed plant remnants such as peat deposits.
China and India are the leading coal-producing and coal-importing countries in the world. The two countries are also the biggest coal consumers globally. Indonesia is the third biggest coal-producing country and is anticipated to expand its production further in the near future.
Request for Real Time Coal Prices: https://www.procurementresource.com/resource-center/coal-price-trends/pricerequest
Key Details About the Coal Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Coal price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The Coal Price chart, including India Coal price, USA Coal price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Coal Price Trend:
The most important use of coal is as a fuel to generate electric power. Bituminous coal, sub-bituminous coal, or lignite is burned in coal-fired power plants. Additionally, specific types of bituminous coal can also be utilised in manufacturing steel. The steel-making process requires coal that has a high content of carbon and low moisture, ash, sulfur, and phosphorous content. Such a type of coal that meets these requirements is called metallurgical coal. Moreover, numerous other utilisations of coal include cement production, carbon fibres and foams, medicines, tars, synthetic petroleum-based fuels, and domestic and commercial heating.
Key Players:
- BHP Group Limited
- China Shenhua Energy Co. Ltd.
- Anglo American Plc
- China Coal Energy Co. Ltd.
- Arch Coal Inc., Coal India Ltd.
- Glencore Plc
- JSC Siberian Coal Energy Co.
News & Recent Development:
- March 16, 2023: Baofeng Energy Group, a coal chemical products producer based in China, has started constructing the largest facility in the world for producing olefins utilising coal and green hydrogen. Ningxia Baofeng Energy Group Co., Ltd. manufactures and trades chemical commodities such as methanol, olefin, and residue catalytic, accompanied by coal tars, petrochemical oils, and several other products. The industrial unit in Ordos, the Inner Mongolia Autonomous Region of China, broke ground in March 2023 and informed the investors that the factory's first phase is anticipated to be completed by the end of the upcoming year. This USD 6.9 billion worth of project will be using coal and green hydrogen as feedstock to bring down carbon dioxide emissions and would have oxygen as a by-product substitution for some coal fuel to decrease the utilisation of energy.
About Us:
Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.
We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence providing you with the latest and consistent data.
To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.
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Reference Link: https://researz.com/coal-price-chart/
