Visão geral
Os preços globais do carvão térmico subiram para níveis recordes em 2022, vivendo volatilidade sem precedentes. Desde então, os preços começaram a cair à medida que os riscos associados ao fornecimento da Europa diminuíram. Em um nível global, a demanda por carvão permanece robusta, com a segurança do fornecimento subindo na agenda de muitos governos à luz da agitação geopolítica.
Na Europa, as sanções deslocaram a mistura de importação de carvão da região da Rússia para outros fornecedores. O ritmo de redução gradual das usinas de carvão na região deve aumentar nos próximos anos, com o papel do carvão na mistura de eletricidade se deslocando ainda mais para o uso de pico de carga, tornando o planejamento futuro mais desafiador.
Na Ásia-Pacífico, o carvão térmico continua sendo um pilar dos setores de energia e industrial. Os fluxos comerciais globais de carvão e os spreads de preços estão mudando, com fluxos de fornecedores-chave Rússia, Indonésia, Austrália, África do Sul, Colômbia e EUA penetrando novos mercados, em resposta à dinâmica de preços e barreiras comerciais.
Manter-se a par dos preços e fluxos, e de como os mercados de carvão se cruzam com outros índices de referência de energia e commodities, será fundamental nos próximos anos.
Últimas notícias
Navegue pelas últimas notícias do mercado sobre a indústria global do carvão.
Japan plans temporary ease of coal power restriction
Japan plans temporary ease of coal power restriction
Osaka, 27 March (Argus) — Japan is moving to temporarily lift restrictions on the operations of inefficient coal-fired power plants in the April 2026-March 2027 fiscal year to conserve LNG on rising uncertainty over imports from the Middle East and ensure stable electricity supplies. The trade and industry ministry Meti on 27 March unveiled an emergency plan to suspend in 2026-27 the capacity market rule that requires coal-fired plants with design efficiency below 42pc to keep their annual capacity factors at 50pc or lower. Plants that exceed the limit would face a 20pc reduction in capacity market revenues. Uncertainty remains over future LNG supply, especially from Qatar, in the event of a prolonged or worsening situation in the Middle East, although there is no immediate risk to short-term supply, Meti said. Power and gas utilities currently hold roughly 4mn t of LNG inventories, equivalent to one year of imports through the strait of Hormuz, and efforts to secure alternative procurement are ongoing. Assuming that inefficient coal-fired units operate at the average rate for coal-fired plants in 2026-27, the power sector could save around 500,000t of LNG, which is equivalent to a little over 10pc of the 4mn t/yr imported through the strait of Hormuz, according to Meti. Meanwhile, the emergency measure would increase Japan's demand for thermal coal, whose supply sources are not exposed to the conflict in the Middle East. Japan imported 8.7mn t of steam coal in February, sourcing 76pc from Australia, 10pc from Indonesia, 5pc each from the US and South Africa respectively, 3pc from Canada and 2pc from Russia, according to preliminary data released today by the finance ministry. Japan has pledged to phase out inefficient coal-fired plants by 2030, while promising not to build new unabated coal-fired plants. But coal remains a vital power source, accounting for 29pc of Japan's power mix in 2024-25, close to the 32pc share of gas. Japan's latest power capacity market auction, covering delivery year of 2029-30, secured around 166GW of generation capacity. The auction results did not specify the source of awarded capacity, but the breakdown of bidding volumes shows 38.15GW from coal fired units, including 5.27GW from inefficient coal fed plants. By Motoko Hasegawa Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Philippines issues emergency orders for energy security
Philippines issues emergency orders for energy security
Singapore, 26 March (Argus) — The Philippines is implementing energy-conservation directives, including measures that could lead to greater reliance on coal-fired generation, as part of a broader energy conservation drive after the country declared a state of emergency on 25 March following supply disruptions caused by the US-Iran war. President Ferdinand Marcos launched a 20bn Philippine peso ($33.2mn) emergency fund on 26 March to strengthen fuel security in times of volatility in the global energy and freight markets caused by the war. The Philippines is a net importer of coal, oil and LNG. The P20bn emergency fund, managed under the department of energy's (DOE) emergency energy security programme, will support the stockpiling of up to 2mn bl of fuel to meet domestic requirements and reduce the impact of supply disruptions. This includes the procurement of refined petroleum products such as LPG to build inventories. The DOE will also ensure stable fuel inventories at utilities to support electricity generation. The DOE also seeks to minimize external supply shocks for utilities and ensure full capacity utilisation at power plants in line with its goal of boosting power system efficiency. An increase in coal-fired generation within the overall power mix could cushion an increase in wholesale electricity spot market (WESM) prices and help in saving up to P2/kWh, the DOE said. This comes as an initial projection by the independent electricity market operator (IEMOP) indicate that average power prices in the WESM could exceed P9/kWh, from an average of up to P5/kWh before the onset of the US-Iran war. Coal accounted for 54.6pc of power generation in February, IEMOP data show. The DOE's emergency measures to secure power supply could increase utility demand for both domestic and imported coal, although it was not immediately clear if the directives would curb coal exports from the country. "As a net importer of oil, coal and LNG, we are acting with heightened discipline to preserve power system reliability in the face of escalating global fuel market volatility," the country's energy secretary Sharon Garin said today. "This is a decisive intervention to protect the grid, manage fuel use responsibly and ensure that essential electricity services remain uninterrupted," she added. The DOE has ordered power generators to closely monitor fuel inventories and comply with the 15-day supply requirements. Utilities have also been instructed to explore fuel alternatives to reduce costs and ensure adequate supplies. Potential steps include using higher biodiesel blends in oil-based power plants, blending different coal grades, and increasing co-firing of biomass where possible at coal units. The country will rely more heavily on coal-fired output , Garin had said during a press briefing on 24 March. Most of the Philippines' power generation depends on seaborne imports from Indonesia. Nearly all of Philippines' coal imports in 2025 were from Indonesia, with shipments reaching 37.4mn t, according to the customs data. The country's reliance on Indonesia also exposes it to supply uncertainty, as Jakarta has yet to confirm mining production quotas for 2026 at the time of writing. Garin met Indonesia's ambassador earlier to seek assurance of steady supply, saying on 24 March that there are "no restrictions on imports of coal from Indonesia at this moment." By Nadhir Mokhtar Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Planning key to push climate action: Cop 30 president
Planning key to push climate action: Cop 30 president
Houston, 25 March (Argus) — Roadmaps to transition away from fossil fuel transition and end deforestation for the next round of UN talks will support moving from consensus to action in global climate efforts, Cop 30 president Andre Correa do Lago said. The Cop 30 presidency's pledge to create two roadmaps towards phasing out fossil fuels and ending deforestation "will be very much instruments to stimulate implementation," Correa do Lago said on Tuesday at the CERAWeek by S&P Global conference in Houston. The Cop 30 presidency last month opened a public call for countries to submit proposals for its two roadmaps by 31 March to the UN Framework Convention on Climate Change (UNFCCC) secretariat. Technical documents for the roadmaps are planned to be ready by October. Correa do Lago emphasized the importance of action and implementation over trying to achieve consensus, given the urgency presented by climate change. While designing Cop 30 last year, "we tried to — taking into consideration, obviously, the limits of the Cop — to preserve the best of [the Paris Agreement] … but also open the door to the actors that are essential for the implementation," he said. In particular, it is important to expand the dialogue beyond the public sector and towards private entities, which typically are not privy to the negotiations that occur during Cop, but will be key players in implementing the terms that are ultimately agreed upon, he said. "I think that this expansion of the theme of climate is essential for us to continue this agenda. We cannot continue to work in a silo in which only a few people can talk about climate," Correa do Lago said. That sentiment was echoed by Sasha Mackler, senior vice president and global head of strategic policy at ExxonMobil. Meeting electricity demand, which is projected to surge due to growth in data center capacity and increasing electrification, while also achieving reductions in emissions will be a major challenge in the future, he said. The oil and gas industry's role in transitioning away from fossil fuels "could be quite significant because we know that for the foreseeable future, oil and gas will be with us," Mackler said. "The world has an enormous appetite for energy, and that appetite will continue to grow over time." In addition, the roadmaps are "super important to give us the means to explore" ways to solve the technological challenges arising from transitioning away from fossil fuels as well as scaling the deployment of clean technology, said Benoit Faraco, France's ambassador for climate. "When you look at the global picture, there is a very strong appetite for this kind of conversation, including with a lot of emerging economies that are definitely wanting to move in this position," he said. The US retreat from its leadership on climate policy will likely cast a shadow over the upcoming Cop 31 climate summit. President Donald Trump's withdrawal from the Paris Agreement formally took effect in January , and soon after he called for an exit from the UNFCCC. This could pave the way for China to take a larger role in global climate conversations. The country has recently made "pretty substantial pledges" to lower emissions, according to Joseph Majkut, director of the energy security and climate change program at the Center for Strategic and International Studies. Still, "China's position as a leader is also kind of tenuous" since, despite being a leader in renewable energy and electric vehicles, it is "still a receiver of climate finance overall," Majkut said during a separate panel at CERAWeek. By Ida Balakrishna Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Kazakhstan approves $15.5bn national coal power plan
Kazakhstan approves $15.5bn national coal power plan
London, 24 March (Argus) — Kazakhstan has approved plans to increase its coal-fired power generation through projects estimated at around 7.5 trillion tenge ($15.5bn) through to 2030, President Kassym-Jomart Tokayev said. Tokayev approved the plans after assigning coal-fired power generation a national project in January. These include the commissioning and renewal of coal-fired units to add 7.8GW of capacity. The country also plans to build eight new thermal coal-fired power plants, including its largest 2.64GW facility in Ekibastuz. Thermal power plants would also be built in Kurchatov (700MW) and Zhezkazgan (500MW), as well as in the Kokshetau, Semey and Ust-Kamenogorsk regions. Older thermal coal-fired power plants, such as the 1GW Ekibastuz-2 and 2.5GW Aksu power plants, and the Karaganda-1 power station, will be modernised to reduce energy shortages. Kazakhstan expects the projects to create additional thermal coal demand of about 20mn t/yr by 2030. The project is expected to be a collaboration between the mining and transportation sectors. The project will also expand the fleet of gondola rail cars by 600 units/d, modernise railway infrastructure and introduce tariff corridors for the transportation of fuel for domestic needs. Kazakhstan had initially drafted the plan to increase its coal-fired power generation in early February. The country will likely need to rapidly increase coal production. Output fell by 6.2pc on the year to 18.22mn t in January-February, official data show. The country produced 115.9mn t of thermal coal in 2025, about 6.5pc higher on the year on growing domestic consumption and rising export potential. By Shreyashi Sanyal Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
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