February 19, 2024 - China and Southeast Asia, still rely on coal to meet a portion of their growing demand for electricity due to the affordability and reliability of coal supply. The global trading flow of coal has recently shifted, with Indonesia’s thermal coal exports growing, Russia facing a significant reduction in coal exports due to sanctions, and Australia’s production declining due to floods. Record-high coal prices in 2022, driven by economic recovery and geopolitical tensions, highlight the volatility in the coal market.