Global seaborne thermal coal supply is unlikely to meet demand in H2, according to Citi analysts. India, Japan and China are expected to drive demand in the second half of theyear, the analysts said. The 477 million tonnes forecast to be shipped is short of the 508 million tonnes required, it said. “Coal prices are likely to remain low for a long time and will not recover until after 2030,” said Citi’s chief investment officer Michael O’Rourke. Japan, India and China are driving demand, it said.
Global seaborne thermal coal supply is unlikely to meet demand in H2, according to Citi analysts. The 477 million tonnes forecast to be shipped is short of the 508 million tonnes required, it said. “Coal prices are likely to remain low for a long time and will not recover until after 2030,” said Citi’s chief investment officer Michael O’Rourke. Japan, India and China are driving demand, it said.