Thermal Coal Price OutlookPrices for Australian thermal coal remained downbeat in recent weeks amid lingering weakness in market fundamentals, an uncertain global economic outlook and second-wave fears. On 11 September, the commodity traded at USD 50.8 per metric ton, which was 1.7% higher than on the same day last month. Meanwhile, the price was down 25.0% on a year-to-date basis and was 22.3% lower than on the same day last year. Demand and supply fundamentals remained soft in recent weeks. Import restrictions in China—the key export destination for thermal coal—weighed on overall demand despite a recovery in industrial activity in the Asian giant. Restrictions have been put in place in part to support Chinese domestic production of the commodity amid strained diplomatic relations with Australia. At the same time, the oversupply of the global market persisted, further preventing a stronger recovery in prices.
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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