Thermal coal prices set for recovery this year as oversupply tightens

Investing.com | Jan 16, 2020 at 12:00 AM
  • Thermal coal prices are expected to recover this year after losing around a third of their value last year as demand from some south-east Asian countries grows and oversupply tightens due to financing constraints for new capacity.
  • This trend is set to continue as liquefied natural gas (LNG) supply is expected to increase further and keep gas prices under pressure.
  • The U.S. coal industry continues to decline due to competition from cheap shale gas and renewables, but coal use in India, Vietnam, Indonesia, Bangladesh and Pakistan is expected to continue to grow.