Abstract
AbstractFernández offers a view of coal production, consumption and trade both at global and regional level. Given China’s dominance of coal markets, this chapter describes the geography of Chinese coal supply chain in some detail. Fernández briefly explains some concepts of geology and mining to facilitate a better understanding of the different coal qualities and grades, which play a more important role in coal trading and pricing than for other fossil fuels. This chapter offers a historical perspective of the evolution of the international coal market to describe the current market, very dynamic and liquid, with increasing variety of qualities. Fernández concludes with a brief note on the recent developments of the coking coal markets and derivatives in China, a proof of that dynamism.
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