Coal prices rose toward $110 per ton, climbing toward one-month highs as China prepares to launch more than 100 coal-fired power generators that are expected to supply electricity across the globe this year. China, by far the world’s largest coal consumer, producer, and importer, continues to rely on the fuel to power its economy alongside the ongoing expansion of renewable energy. However, Beijing has pledged to begin phasing down coal use before 2030. Meanwhile, latest data showed China’s coal imports fell 9.6% last year to 490 million tons, driven by higher domestic output and a rare decline in thermal power generation. In addition, a private report showed coal power generation fell in both China and India in 2025, marking the first simultaneous drop in half a century as both countries added record amounts of clean energy.

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