Coal

Map of coal trade

Coal Market Analysis

We cover the global coal market with special emphasis on China and Europe.

  • Web-based platform with daily coal market comment from our analysts, a directional price forecast for API2 and data access for your own use

  • Weekly reports

  • Monthly reports

Nena Coal Weekly report offers short term directional coal price forecasts for API2, API4 and API8, while Nena Coal Monthly presents scenario-based price forecasts for API2 (CIF ARA) front month and next four quarters.

We calculate the coal power output for major European countries and the coal-to-gas switching price in Europe. We assess the Global Arbitrage Coal Matrix in order to depict trade flow opportunities and trends.


Nena covers the global coal market with special emphasis on China, India and Europe. Nena Coal Weekly report offers short term directional coal price forecasts for CIF ARA, FOB RB and CFR S.CHINA, while scenario-based price forecasts for CIF ARA front month and next four quarters are found in the monthly report. We calculate the coal power output for major European countries and a coal-to-gas switching price in Europe. Arbitrage potentials for imports in all major markets are assessed.

The Nena Coal reports focus on global power markets and all coal supply regions to highlight weather, political and economic risk factors affecting the global coal market balance.

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A global perspective on coal

The Nena Coal reports focus on major power markets and coal supply regions to highlight weather, political (e.g China’s coal policies) and economic risk factors affecting the global coal market balance.

The coal and dry freight team in Nena work closely together to monitor the global steam coal market by covering market fundamentals that influence supply, demand, cash costs, freight cost and arbitrage opportunities in both the Atlantic and Pacific coal markets.

The reports provide scenario analyses, offering clients a comprehensive insight into the European thermal coal balance and in-depth understanding of coal price effects.

Coal cranes on the docks
Train carts with coal

Coal workshop

Nena offers workshops at client premises or in the Nena office in Oslo where pre-agreed topics related to the coal market are presented and discussed. Use this opportunity to enhance your understanding of the market and to challenge Nena.

Coal analyst team

Diana Bacila and Hans Gunnar Nåvik are responsible for Nena’s coal analysis with support from Jiuzhou Wang. Since 2010 they have followed the market closely, and offer a different perspective and knowledge on the global coal market through the weekly and monthly coal reports. Both Hans Gunnar and Diana are experienced speakers at external and internal conferences.

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Hans Gunnar Nåvik

Senior Analyst

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Master of Science in Engineering from NTNU. Former Director of Risk Management and Trading at Drammen Kraft AS.
Established Nena February 1997.

+47 22 31 41 02
StormGeo employee StormGeo employee

Diana Bacila

Senior Analyst

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Master of Science in Financial Economics from BI Norwegian School of Management and in Financial Risk Management from the Bucharest Academy of Economic Studies. Bachelor in International Business and Economics from the Bucharest Academy of Economic Studies.
Employed since August 2010.

+47 22 31 41 19
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Jiuzhou Wang

Senior Analyst

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Dr. Oecon from the Norwegian School of Economics and Business Administration. Earlier experience from work and studies in China, Norway and U.S.A.
Employed from Januar 2008.

+47 22 31 41 14


Request a free trial

Get full access to StormGeo’s analysis for one week free of charge. Follow the market closely with Nena’s price forecasts and market updates throughout the day via Nena’s website and in reports issued by email. A web meeting with an analyst is included in the free trial.

(47) 22 31 41 00

Nena@StormGeo.com


StormGeo AS

Nena Analysis is a part of StormGeo AS.
Visit www.stormgeo.com for more information.

(47) 55 70 61 70

Info@StormGeo.com