Thermal Coal Price Outlook
Prices for Australian thermal coal rose over the last month. Prices for the commodity averaged USD 390.5 per metric ton in May, which was 27.3% higher than April's price and was up 288.8% from the same month last year. Meanwhile, on 31 May, the fuel traded at USD 428.0 per metric ton, which was up 31.1% from the same day of the previous month. Demand prospects for Australian coal have been boosted by bans on Russian fuel by western countries and their allies, especially the EU’s ban on most Russian oil imports—announced on 4 May and agreed to on 31 May. The EU has said it expects its coal consumption will be 5.0% higher than earlier expected over the next 5–10 years. Further fanning the flames was a heatwave in India: In May, temperatures soared to 49 degrees Celsius in Dehli, with demand for electricity reaching record levels in the month. Supply prospects continued to be dampened by wet weather in Australia and worker absences due to Covid-19 infections. On the other hand, prices were restrained by rising coal output in China.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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