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What Is Called Coal?

Coal is nothing but a sedimentary rock of black color, made up of combustible carbon. It's a type of fossil fuel that has been used as a major source of energy for centuries. Its usage has drastically increased after the Industrial Revolution, especially after the invention of the steam engine. Well, it is not wrong to say that coal plays a significant part in the development of any nation, and thus, its demand among coal buyers always remains at its peak.

What Are the Major Types of Coal?

Coal can be classified into the following major types.

• Anthracite Coal: It is a hard and compact type of coal with the highest carbon content. 
  
  
• Bituminous Coal: It has bitumen, and its carbon content ranges from 70% to 85%.
  
  
• Coking Coal: This coal variety is used to produce high-quality coke, which is a fuel used in the steelmaking process.
  
  
• Indonesian Coal: As the name suggests, it is produced in Indonesia and is widely used for generating electricity.
  
  
• Lignite Coal: It has a low carbon content and is brownish-black in color. 
  
  
• Thermal Coal: This type of steam coal is used for heating, as well as, electricity generation processes. 
  
  
• Charcoal: It is basically a burnt wood, dark black in color, with high carbon content.
  
  
• White Coal: Charring of wood is done at a low temperature to make this bio-coal, and it's a renewable energy source.
  
  
• Coal Tar:  Production of coal gas and coke releases coal tar as a by-product. It is used to treat various medical skin conditions.

Explore Global Market Trend For Top Coal Importers

Coal is one of the most important fossil fuels and the second-largest energy source. People also refer to it as 'Black Gold'. In fact, both developed and developing nations depend on it for electricity generation. Traditionally speaking, coal is often used for cooking and home heating purposes. Recent data shows the growth in the number of coal imports and exports, particularly in the last few years, because of its ever-growing demand. The following data related to coal imports can be handy to strategize your move for growing your coal export business. 

Top Coal Importing Countries

Its domestic, industrial, and infrastructural demand has increased. And that's why this commodity holds a considerable share of the market. When we talk about the biggest coal importers, Vietnam takes the top spot. Below are the top 3 coal-importing nations, with their total shipments and number of buyers. It will give an outlook of favorable or potential markets to sell coal. 

Source: Volza

Why do Importers Buy Coal?

As we already know about coal, it can be found almost everywhere in the world. Its vast usage, both industrial and domestic, is the reason why importers buy coal in bulk quantities. From generating electricity to the manufacturing of some important products like steel, coal is an indispensable ingredient. Here are some of the most common applications of coal:

• Electricity and Domestic Purpose: First and foremost, coal is an essential raw material for producing electricity, and coal used for this purpose is known as thermal coal. Interestingly, it powers many equipment that we use in our factories, offices, and homes. This is what makes it valuable for steam coal buyers. Many countries depend on coal for electricity because other alternatives like oil and natural gas are more expensive. People also ignite fire using coal to keep their houses warm and even prepare food. 
  
  
• Several Industrial Applications: There are uncountable uses of industrial coal. It is a major component in making coke, which is used in the manufacturing of steel. Besides, there are some chemical products like fertilizers, which are made from coal. 
  
  
• Other Daily Products: Do you know that coal serves as a key ingredient for some products that we use on a daily basis? For example:
   
  - Activated carbon: Used for air and water purification.
  
  - Silicon metal: Used for making cosmetics, lubricants, resins, hair products, etc.
  
  - Carbon foam: Used mainly in military and aerospace products.
  
  - Liquefaction and Gasification: Coal is converted into synthetic fuels that work as gasoline or diesel. Moreover, the gasification of coal results in the synthesis of syngas, which is converted into transportation fuels.
  
  - Economic Contributions: Coal plays a vital role in the economic growth of any nation. It helps generate revenue not only through creating job opportunities but also through infrastructure development. 

How to Find Coal Buyers Who Are Verified?

Here are some ways to look for verified coal importers.

• B2B Online Platforms: Easily find verified coal buyers online through platforms like go4WorldBusiness.com. You may even opt for membership plans for additional benefits that help grow your business faster. 
  
  
• Trade Associations: You may contact coal-related associations that can help you engage with prospective buyers.
  
  
• Social Media: Using social media channels such as LinkedIn can connect you with potential B2B buyers.
  
  
• Google Search: Search on Google with Industry-specific, long tail keywords like 'coal dealers near me' can pull up some buyers' names for you. 
  
  
• Networking Events: Industry events including conferences and trade shows like the India Coal Outlook Conference and the Indian DRI, Scrap & Steel Conference are also a great way to expand your buyer's network. 

To access global coal buyers directly without any hassle, click here. 

Frequently Asked Questions (FAQs):

1. What is the coal price today?

The coal price today is 98 USD/ MT (metric ton). For regular coal price updates, visit TradingEconomics.

2. What is the price of coal per kg?

The coal price per kg is $0.098. This price may vary depending on various factors.

3. Who is the biggest buyer of coal?

As of 2023-24, the biggest buyer of coal globally is Vietnam, followed by India and Nepal.

4. Who is the top 5 exporter of coal?

The top 5 coal exporters are Russia, China, India, Botswana, and Indonesia. (This recent data is subject to change over time. Source: Volza).

5. How to find coal buyers near me?

If you are searching for ‘how to find coal buyers near me’ online, then go to the go4WorldBusiness platform and browse coal buyers by country or region. Or, simply click here.

6. How can I find reliable coal buyers or importers?

You can find reliable coal buyers or importers on B2B online platforms like go4WorldBusiness.com. Besides, you can also meet your potential buyers through networking events and trade shows. 

To explore answers to the most frequently asked questions about coal export and import, click here!