Thermal Coal Prices

Thermal coal prices averaged USD 111.36 per metric ton in July, up 5.2% from June. On 31 July, the commodity traded at USD 115.15 per metric ton, up 4.8% from 30 June.

After reaching a four-year low in April, Australian thermal coal prices regained ground for the third month running in July. A heatwave continued to boost air conditioning use and electricity demand in North Asia, the main consumer of Australian thermal coal. In China, electricity demand hit a record high, and in South Korea, it fell just short of the all-time high reached in August last year.