Thermal Coal Price OutlookThermal coal prices have increased sharply in recent weeks but they still remain at relatively low levels. On 9 September, the spot price for Australian Thermal Coal was USD 60.3 per metric ton. The price was up 12.6% from the same day of August and was 15.4% higher on a year-to-date basis. It was up 2.0% from the same day last year. The sharp rise in thermal coal prices is primarily the result of developments in China. Earlier this year, the Chinese government started undertaking a series of reforms to lessen the environmental impact of its industrial base. Among these was a commitment to reduce China’s coal output, which was achieved by reducing the number of working days for coal miners. As a result, Chinese coal production fell almost 10% over the first half of the year, a fall that was loosely matched by a corresponding rise in coal imports. In an effort to ease the resulting financial pressures on coal producers, the Chinese government recently agreed to let them manage their production in order to keep coal prices within a certain range.
Thermal Coal Price History Data (USD per metric ton)
Price forecasts and historical data for Energy, Metals and Agricultural Commodities.
Note: Australian Thermal Coal, prices in USD per metric ton (mt). Prices are average of period (aop).
Thermal Coal Historical Price Chart
Price forecasts and historical data for Energy, Metals and Agricultural Commodities