According to experts, coal prices in South Africa could increase until the end of 2021 amid problems with the railway, connecting the coal-producing provinces of South Africa and the port of Richards Bay.

Limited supply of raw materials in the international market continues to support coal prices. Among the key coal exporting countries, only Russian miners have restored production volumes to 2019 levels. Thermal coal exports from Russia from January to July 2021 amount to 132.40 million tons.
Rising demand from Pakistan for South African coal offset a decline in trade among Indian consumers and underpinned coal prices above $140/ton. According to experts, coal prices in South Africa could increase until the end of 2021 amid problems with the railway, connecting the coal-producing provinces of South Africa and the port of Richards Bay.
South Africa’s state-owned Eskom has announced its intention to close several coal-fired power plants over the next 10 years, which is about 30% of current capacity. The decision was driven by the power generation company’s strategy to reduce CO2 emissions.
The price of domestically produced 5500 kcal/kg NAR coal at Qinhuangdao port has surpassed $162/ton after a 14-day quarantine was imposed in the country, restricting mining activities of Chinese companies.
Trading activity in Asia – Pacific countries decreased, causing the Australian raw material price index to fall below 177 USD/ton. Due to the increasing epidemic situation in key coal-producing regions of Australia, the ban on coal mining in this country has been extended until August 28, 2021.

The Indonesian government allowed major miners to resume export supplies, which slightly lowered the coal index from Indonesia to less than $127/ton.

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