Thermal Coal Price OutlookThermal coal prices eased in early November on Chinese efforts to curb emission levels ahead of the winter period and reports of swelling demand for gas in Asia’s giant, which comes at the expense of demand for coal. On 1 December, the spot price for Australian Thermal Coal was USD 97.0 per metric ton. The price was 3.1% lower than on the same day in November and was up 2.4% on a year-to-date basis. However, the price was 10.5% higher than on the same day last year. Despite the dip in prices in recent weeks, the market for thermal coal remains buoyant, with fundamentals for the commodity buttressed by relatively high Chinese import levels, which in turn is keeping the seaborne market for coal tight. Similarly, capacity reductions and production restrictions in China continue to add some upward potential to thermal coal prices. That said, appetite for the commodity seems to be cooling: China’s coal seaborne imports moderated for a fourth consecutive month in November, likely reflecting production cuts in some coal-consuming industries.
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
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.