Coal is black or brownish-black carbon and hydrocarbon, which includes sedimentary deposits made using plant remains that underwent compression, hardening, chemical alteration and metamorphosed via heat and pressure for millions of years.
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It is a non-renewable fossil fuel which is used to produce electricity. It is found in the planet’s crust and is extracted through mining or surface mining. There are four main kinds of coals which include anthracite, lignite, sub-bituminous, and bituminous. It’s an extremely combustible compound and does not have a fixed chemical composition or crystal structure. It has physical properties like great reflectivity and properties such as hardness, grind ability, free swelling index and ash fusion temperature.
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:
Coal has major applications for producing heat and electricity, which is the main application propelling its industrial demand. In addition, it’s a less expensive source of power fuel which powers homes and industries for the facilitation of various tasks which further the market expansion. Furthermore, it is employed in the iron and steel sector, which is highly dependent on fossil fuels used for energy. It also serves in the chemical industry for gas blanketing and refineries. Also, for the production of key commodities such as tar, coke, and coal gas, it is heavily used, which in turn leads to the industry’s expansion.
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
- 8 June 2023- The government recently gave authorisation for the resumption of the ‘Exploration of Coal and Lignite scheme’, a central sector plan which will cost around INR 2,980 crore.
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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