Coking coal prices: benchmarks steady, PCI and India grades edge up
Platts assessed premium low-vol hard coking coal at $266.70 a tonne FOB Australia and $288.70 a tonne CFR China on 26 October, both unchanged from the previous assessment.
Latest stories
Methane blast at a private coal mine in northern Türkiye kills three
Three miners were killed and five injured when a firedamp explosion tore through a private coal mine in Zonguldak province on Friday, 23 October.
Coal demand may rise again in 2026
The International Energy Agency now expects global coal demand to rise by 1.2% in 2026, to about 8.94 billion tonnes — reversing its earlier forecast of a decline.
Europe says gas supply is stable, despite lower storage
The European Commission and EU countries reconfirmed in late September that gas supply across the bloc was stable, even though storage levels were below historical norms.
Oil use is forecast to fall this year
The International Energy Agency expects world oil demand to fall by 2.6 million barrels a day in 2026, to 102.4 million barrels a day, as high prices and a weaker economic outlook weigh on consumption.
More coal use does not always mean more coal ships
Global coal demand is expected to rise in 2026, yet seaborne trade in thermal coal is set to slip, from about 1,074 to about 1,062 million tonnes, according to the IEA.
Stories are written by Megawise from dated reports and assessments. Photographs illustrate sectors, not the events described. Forecasts are labelled as forecasts.
The story behind the numbers
Plain-English background briefs on global coal, gas and oil demand in 2025.