Thermal Coal Price OutlookPrices for Australian thermal coal, which is used in power generation, plummeted in recent weeks. This was due to an oversupplied market and weakness in the Chinese industrial sector owing to Covid-19, which also weighed on global demand. On 15 May, the commodity traded at USD 51.5 per metric ton, which was 17.5% lower than on the same day last month. Moreover, the price was down 23.9% on a year-to-date basis and was 39.0% lower than on the same day last year. Weak industrial-sector demand and further import restrictions through quotas in China weighed on prices, with the goods-producing sector not expected to recover until the second half of this year. After contracting in the first quarter, the industrial-sector PMI hinted at only a modest expansion at the start of the second quarter and the sector remains depressed. Moreover, global demand has suffered due to cheap oil and gas, as well as the continued push towards cleaner sources of energy.
Thermal Coal Price History Data (USD per metric ton, aop)
Price forecasts and historical data for Energy, Metals and Agricultural Commodities.
Thermal Coal Historical Price Chart
Price forecasts and historical data for Energy, Metals and Agricultural Commodities
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