Thermal Coal Price Outlook
Prices for Australian thermal coal skyrocketed in recent weeks, reaching a new all-time high in early October, on the back of a global energy crunch. On 7 October, the commodity traded at USD 235.0 per metric ton, which was 32.6% higher than on the same day last month. Moreover, the price was up 191.9% on a year-to-date basis and was 305.2% higher than on the same day last year. Australian thermal coal prices have jumped on the heels of a global recovery in power demand, as well as supply-side issues in key mining economies capping output. Moreover, due to a power crunch in China, authorities recently released stranded shipments of Australian thermal coal, despite the unofficial year-long import ban: China is facing a coal shortage due to stricter mine safety regulations, while the economic recovery is pushing up demand from the industrial sector as well as households. Some of the stranded cargo was, however, bought by other countries at a discounted rate.Thermal Coal Price History Data (USD per metric ton, aop)
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Thermal Coal | 58.88 | 65.69 | 88.19 | 107.03 | 78 |
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Price forecasts and historical data for Energy, Metals and Agricultural Commodities.
Thermal Coal Historical Price Chart
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Price forecasts and historical data for Energy, Metals and Agricultural Commodities
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