One of the most important factors in the survival of the industry cycle is fuel and energy. In fact, without fuel and energy, a base of every industry will limp. Thermal coal is also one of the most important raw materials in fuel supply, which can be seen in different qualities in the market. This substance plays a vital role in industries. Therefore, there are many applicants to buy it in the global market. Due to the important applications of this product, the price of thermal coal becomes very important for industrialists. Several factors can be mentioned that play a role in the price of thermal coal.
The price of thermal coal
There are different prices for thermal coal in Iran because the use of coal in various industries has caused a significant growth in the demand for this product in recent years. More than 80% of coal consumption is used to produce steel, electricity, transportation or fuel. Currently, the base price of coal concentrate in Iran is based on 26.5% of Khuzestan steel ingots in the commodity exchange, which is announced monthly by the Iran Coal Association. In general, the price of domestic coal depends on factors such as the price of coal in foreign markets, the amount of steel production in the country, the exchange rate, etc.
There are also other factors that affect the price of coal:
• Weight of each package
• Purity and quality of thermal coal
• Product manufacturing factories
• Method of sending the product to the customer
• Market supply and demand
• The amount of fuel reserves in the world market
• Some foreign policies, including unfavorable economic conditions, military affairs, etc.
• Moving costs and…
• Purity of materials in thermal coal
• Type of thermal coal
• Resistance and weight of thermal coal
Global role of coal in electricity generation
Thermal coal is one of the most vital fossil fuels, which is recognized as the main source of energy in the world, along with fuels such as oil and gas. Among the types of fossil fuels, thermal coal is the most used in power plants. In fact, this important material is used to supply fuel in power plants.
If we want to point out the importance of using thermal coal, we can say that this fuel plays an influential role in the economic growth of countries. Since there is a risk of shortage or exhaustion of important and widely consumed energy sources in the world such as oil and gas, many industrialists have come to the conclusion that instead of using these materials, they use thermal coal to provide energy in power plants. use that of course this decision has met with many successes.
Application of thermal coal
Surveys and statistics indicate that from 2015 until now, something close to 9.41 trillion kilowatts of thermal coal has been used to generate electricity, and this number is significant. Forecasts also indicate that in the coming years this amount will increase significantly. According to these cases, it can be understood that thermal coal has a special place in power generation plants from the point of view of the world’s major industries. But what is the method of using thermal coal?
In the first stages, the thermal coal powder is subjected to a very high temperature, which causes the water to turn into steam. The steam produced is an important factor that plays a role in activating the turbines. This steam causes the turbines to rotate at high speed around a strong magnetic field. The result of this process is the production of electricity that can be used for various industries. It can be said that something close to 38% of the electricity produced in the world is provided with the help of thermal coal.
Online purchase of thermal coal
Due to the growing concern about the risk of fossil fuel depletion, the amount of supply and demand for buying thermal coal in the domestic market is increasing. In such a way that these days we are witnessing a surge in the online purchase of this product. Many online stores are serving their customers from all over the country 24/7 and mass-marketing their products.
This jump in purchase has caused the price of thermal coal to be accompanied by changes. In fact, always in all parts of the world, with the increase in the demand to buy a certain product, its price also takes an upward trend. This is also true for an important product such as thermal coal.
Various industries, including electricity production industries, aluminum industry, chemical industries, cement industries, pharmaceutical industries, steel production industry, paper industry and many other cases, are among the main consumers and applicants of thermal coal, who send their requests to buy this The product is offered to online stores. The high volume of orders has caused the domestic factories to produce thermal coal more seriously so that they can respond to the needs of the market.
Thermal coal is the most abundant fossil fuel on the planet, which is widely used as the main means of electricity production in some parts of the world. This main source of energy is one of the factors of the industrial revolution in the 18th and 19th centuries. Today, extraction of thermal coal from surface and underground reserves is a mechanized and very economical operation.