2023 could be another strong yr for coal as demand may reach record levels

Coal India, companies with captive coal mines in steel, power and other sectors will be at an advantage

 
 Global coal prices have seen wide swings in 2022 but they are ending on a strong note. The benchmark Newcastle contract is at $400 per tonne, about 145 per cent higher than December 2021. This is after hitting a record high of $457 per tonne in September, and suffering a drop to $320 per tonne in November. There’s consensus that coal consumption through 2023 will hit record levels due to gas shortages and uncertainties about supplies due to the Ukraine War.
 
“Coal markets have been shaken severely in 2022, with traditional trade flows disrupted, prices soaring and demand