Coal Price | India — Q4 2023
Check how the Coal price evolved in India, from Q4 2022 to Q4 2023.
The Coal price in India increased during Q4 2023 to 380 USD per metric ton, which represents a considerable rise of 53% compared to the previous quarter’s value. On a year-over-year basis, Coal prices in India increased by 180%.
The chart below shows quarterly Coal prices, in USD per metric ton in India and other selected countries in Southeast Asia.
For further information on the pricing of Coal, including:
- Current prices, on a quarterly basis
- Historical pricing data since 2007
- Short-term Price Forecasts
Check below:
▶ https://www.intratec.us/products/energy-price-references/commodity/coal-price-india
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A Little Bit About Coal
Coal is a sedimentary rock composed primarily of carbon, along with various other elements such as sulfur, hydrogen, nitrogen, and oxygen. It is a fossil fuel that is extracted from underground mines and is used worldwide as a source of energy for electricity generation, as well as for industrial and residential heating. With the rise of renewable energy sources, Coal’s share of the energy mix has decreased in recent years, however, it still remains an important component of the global energy mix. The demand for coal varies depending on factors such as government regulations, availability of alternative energy sources, and global economic conditions. Coal can be commercialized in the spot market for immediate delivery. Spot prices, unlike contract prices, depend on commodity availability — the lower the availability, the higher the commodity price. This trade type is vulnerable to disruptions like plant closures, natural disasters, supply shortages, or changes in regulations by country governments. Conversely, lower demand and increased producer inventories tend to drive spot prices down.
Bulk quantities of Coal are typically stored in stockpiles or silos at power plants, mines, ports, or other locations along the supply chain. The most common modes of transportation for Coal are by rail, truck, and ship.
This commodity can be used in the manufacture of derivatives, such as: ammonia; ammonium sulfate; toluene; zinc oxide; activated carbon; methanol; cobalt; copper; sodium sulfides.
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