Driven by news of China's planned construction of coal-fired power plants, coal prices in Newcastle and Rotterdam rose for different months. For example, Newcastle April coal price rose to $95.5/ton, and Rotterdam April price rose to $103.65/ton. The Chinese government announced it will continue building coal-fired power plants until 2027, aiming to meet peak electricity demand in some regions, ensure grid stability, and serve as a supplement to new energy. This is because China's coal consumption is expected to peak only by 2028, later than previously anticipated. In March 2025, China's coal imports dropped 6% year-on-year to 38.73 million tons, mainly due to high port inventories and weak domestic demand, with domestic thermal coal prices falling to their lowest since March 2021. However, imports in January-February hit a record for the period, and cumulative imports in the first quarter edged down 0.9% from the same period last year.
Driven by news of China's planned construction of coal-fired power plants, coal prices in Newcastle and Rotterdam rose for different months. For example, Newcastle April coal price rose to $95.5/ton, and Rotterdam April price rose to $103.65/ton. The Chinese government announced it will continue building coal-fired power plants until 2027, aiming to meet peak electricity demand in some regions, ensure grid stability, and serve as a supplement to new energy. This is because China's coal consumption is expected to peak only by 2028, later than previously anticipated. In March 2025, China's coal imports dropped 6% year-on-year to 38.73 million tons, mainly due to high port inventories and weak domestic demand, with domestic thermal coal prices falling to their lowest since March 2021. However, imports in January-February hit a record for the period, and cumulative imports in the first quarter edged down 0.9% from the same period last year.