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Thermal Coal Price Outlook

Australian Thermal Coal prices remained elevated in recent weeks amid resilient demand and expectations of tighter supply. On 11 May, the spot price for Australian Thermal Coal was USD 101.8 per metric ton. The price was up 8.6% from the same day in April but was 0.1% higher on a year-to-date basis. However, the price was up 38.8% from the same day last year. Demand from Asian markets, notably China, Korea and Japan, for thermal coal resisted the usual seasonal slowdown in early Q2 and continues to defy the rise of alternative energy sources, including renewables and natural gas. Demand from China remained robust despite government efforts to move away from a reliance on coal to less polluting sources of energy. In the first four months of the year, Chinese imports increased at nearly a double-digit pace, despite a drop in April due to increased restrictions. Moreover, supply-side concerns are supporting prices. Indonesia, a major exporter of thermal coal, is redirecting its coal to the domestic market, which will likely reduce exports. In addition, Australia’s space to increase exports could limited by environmental activism.

Thermal Coal Price History Data (USD per metric ton, aop)

2012  2012  2013  2013  2014  
Thermal Coal98.17  98.17  85.83  85.83  72.54  

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Price forecasts and historical data for Energy, Metals and Agricultural Commodities.

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Thermal Coal Historical Price Chart


Thermal Coal historical price chart
Note: Australian Thermal Coal, prices in USD per metric ton (mt).

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Price forecasts and historical data for Energy, Metals and Agricultural Commodities

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