ANALYSIS OF KEY TRENDS OF THE INTERNATIONAL COAL MARKET (ON THE EXAMPLE OF THE COUNTRIES OF NORTH-EASTERN ASIA)

Autor: Andrey V. Cherechukin
Rok vydání: 2021
Předmět:
Zdroj: SCIENTIFIC REVIEW. SERIES 1. ECONOMICS AND LAW. :96-105
ISSN: 2076-4650
DOI: 10.26653/2076-4650-2021-1-09
Popis: The article provides an analysis of key trends in the international market, using the example of the countries of Northeast Asia. In 2019, the world coal market amounted to 1,424.5 million tons, of which 78.1% are energy grades to produce electricity and heat, and 21.9% are in metallurgy, the reserves of which are significantly less. The import coal market of the countries of Northeast Asia in 2019 was already 680 million tons, covering 48% of the entire world coal market. The paper provides an overview of the key importers and exporters of coal in the world, the quantitative and qualitative characteristics of the supplied raw materials, and analyzes the key factors affecting the pricing of coal. In the conclusions, the main trends in the international coal market of the countries of Northeast Asia are presented, including "geographical" — the shift of the center of world trade from Europe to Asia, and "types and quality of imported coal" — an increase in the share of high-quality premium energy and coking (metallurgical). Trends can be clearly seen in the countries of Northeast Asia, which actively use coal, and are making efforts to decarbonize their national economies, while intensifying inter-fuel competition with other primary energy sources.
Databáze: OpenAIRE