Abstract

Bituminous coal is an important energy source with significant ripple effects on domestic power generation and industry. However, it is prone to price fluctuations due to climate change and changes in production capacity in major producing countries. In particular, since the outbreak of COVID-19, international prices have skyrocketed due to the closure of mines and port disinfection measures in major producing countries. This study aims to provide an overview of the international bituminous coal market and find insights focusing on recent decarbonization trends and changes in major exporting and importing countries after the COVID-19 pandemic. Our suggestions are: First, a diversified purchasing strategy should be established. Second, power generation firms should take advantage of the high ash coal price decrease. Third, firms should use fixed price and variable index-linked contracts. Finally, firms should seek to secure stable and diversified sources of environment-friendly coal.

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