In 2023, the global anthracite coal market faced various challenges across different regions. In the Asia Pacific, an oversupply of anthracite coal resulted from increased mining activities, which, coupled with weakened demand and economic conditions, led to a notable price decline. In Europe, fluctuating consumer behaviors and a surplus of anthracite coal supply hindered price increases, as countries shifted toward more environmentally sustainable alternatives.
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Meanwhile, in North America, surplus availability was a consistent issue in the first half of the year, but stabilizing prices towards the end of the second quarter were supported by increased demand from the steel and power production sectors. Overall, regional variations in supply, demand, and economic factors influenced the anthracite coal market’s performance in 2023.
Definition
Anthracite coal is a high-rank, hard coal variety known for its exceptional carbon content and low volatile matter. It is the most mature and hardest form of coal, characterized by a brilliant black, glossy appearance. Anthracite is notably hard and dense, with a high luster, and it breaks with a conchoidal fracture, resembling glass. Its hardness and durability make it valuable for various industrial applications, including electricity generation, steel production, water filtration, and as a heat source in residential heating. Anthracite coal’s distinct properties of high carbon content, low impurities, and exceptional heat generation have earned it a crucial role in multiple industries and as a source of reliable and efficient energy.
Key Details About the Anthracite 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 Anthracite Coal 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 Anthracite Coal Price chart, including India Anthracite Coal price, USA Anthracite 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 the Anthracite Coal Price Trend:
Anthracite coal boasts several significant industrial uses due to its unique properties. One of its primary applications is in electricity generation, where it is employed as a clean-burning and energy-efficient fuel source in power plants. In the steel industry, anthracite coal serves as a crucial component, aiding in the reduction of iron ore, a fundamental step in steel production. Its low sulfur content also makes it an environmentally favorable choice, reducing sulfur dioxide emissions. Additionally, anthracite coal plays a role in residential heating, particularly in regions where its clean-burning characteristics are valued. It is utilized in water filtration systems, due to its adsorption properties for impurities, making it vital in purifying water. Furthermore, it finds application as a heat source in the manufacturing of various products, including clay bricks, and as a reducing agent in the production of carbon electrodes for use in electric arc furnaces, enhancing the quality of castings and metal production. These diverse industrial uses underscore the versatility and significance of anthracite coal in various sectors.
Key Players:
- Bathrust Resources
- Cokal Ltd
- Attila resources
- Carabella Resources Ltd
- TIGERS REALM COAL LIMITED
- Jameson Resources
- Aspire Mining Limited
- Aberdeen International Inc
- Blaschak Coal Corp
- ZINOJI COAL
News and recent development:
- In a letter to Prime Minister Narendra Modi, the Russian energy and oil giant Rosneft requested “mutually beneficial cooperation,” including strategic alliances and collaborations with Indian businesses for the development of ultra-high grade anthracite coal blocks in Russia’s Gorlovka Basin Bogatyr. The Ministry of Petroleum, to whom the letter was referred, has asked the Steel Ministry to “take necessary action” over the plan. (Dated: 31 March 2023)
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