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Coal supply shortage - buyers beware

Journal Article:

Abstract

Since the commencement of 1988, the world coal market has witnessed a number of quite remarkable shifts and realignments that have ostensibly resulted from import demand surges, notably in Europe and the Pacific Rim but perhaps more significantly also from constraints on supply, most obviously in Australia but also seen elsewhere in the PRC, Colombia, Poland, and South Africa. Consequently, this has left the USA as the only remaining reliable surplus supplier of high volume quality steam and metallurgical coals to the world market. Importantly, it has to be recognised that these existing supply/demand factors will not disappear overnight. What has been a very strong buyers' market for coal throughout at least the last six years is now no longer the case. Coal purchasers around the globe have to be prepared for an extended and indeed a refreshing period of 'seller power' with scarcity of supply and higher coal prices forecast to extend well into next year and maybe even longer. The message for coal importers who have not yet woken up to the new order of things is very clear, 'today is possibly already too late to secure coal purchases for delivery in 1988 because many exporters report they  More>>
Publication Date:
Aug 01, 1988
Product Type:
Journal Article
Reference Number:
CLA-88-110281; EDB-88-176181
Resource Relation:
Journal Name: Int. Bulk J.; (United Kingdom); Journal Volume: 8:8
Subject:
01 COAL, LIGNITE, AND PEAT; COAL; SUPPLY AND DEMAND; AUSTRALIA; CHINA; COLOMBIA; ENERGY SUPPLIES; EXPORTS; GLOBAL ASPECTS; IMPORTS; MARKET; TRADE; USA; ASIA; AUSTRALASIA; CARBONACEOUS MATERIALS; ENERGY SOURCES; FOSSIL FUELS; FUELS; LATIN AMERICA; MATERIALS; NORTH AMERICA; SOUTH AMERICA; 015000* - Coal, Lignite, & Peat- Economic, Industrial, & Business Aspects
OSTI ID:
7058975
Country of Origin:
United Kingdom
Language:
English
Other Identifying Numbers:
Journal ID: CODEN: IBJOE
Submitting Site:
CLA
Size:
Pages: 6-7, 9
Announcement Date:

Journal Article:

Citation Formats

Moth, M, and Phillips, K. Coal supply shortage - buyers beware. United Kingdom: N. p., 1988. Web.
Moth, M, & Phillips, K. Coal supply shortage - buyers beware. United Kingdom.
Moth, M, and Phillips, K. 1988. "Coal supply shortage - buyers beware." United Kingdom.
@misc{etde_7058975,
title = {Coal supply shortage - buyers beware}
author = {Moth, M, and Phillips, K}
abstractNote = {Since the commencement of 1988, the world coal market has witnessed a number of quite remarkable shifts and realignments that have ostensibly resulted from import demand surges, notably in Europe and the Pacific Rim but perhaps more significantly also from constraints on supply, most obviously in Australia but also seen elsewhere in the PRC, Colombia, Poland, and South Africa. Consequently, this has left the USA as the only remaining reliable surplus supplier of high volume quality steam and metallurgical coals to the world market. Importantly, it has to be recognised that these existing supply/demand factors will not disappear overnight. What has been a very strong buyers' market for coal throughout at least the last six years is now no longer the case. Coal purchasers around the globe have to be prepared for an extended and indeed a refreshing period of 'seller power' with scarcity of supply and higher coal prices forecast to extend well into next year and maybe even longer. The message for coal importers who have not yet woken up to the new order of things is very clear, 'today is possibly already too late to secure coal purchases for delivery in 1988 because many exporters report they are sold out. But more important with tight supply expected to prevail, buyers should be securing their purchases now for 1989 imports requirements and delivery'. 2 figs.}
journal = {Int. Bulk J.; (United Kingdom)}
volume = {8:8}
journal type = {AC}
place = {United Kingdom}
year = {1988}
month = {Aug}
}