Thermal Coal Price Outlook
Prices for Australian thermal coal rose notably in recent weeks despite weak fundamentals amid the global push away from polluting energy sources and China’s renewed restrictions on coal imports. On 17 January, the commodity traded at USD 70.0 per metric ton, which was up 6.2% from the same day last month and was 3.4% higher on a year-to-date basis; however, the price was down 30.2% from the same day last year. The rise in prices towards the end of last year likely reflected a small improvement in manufacturing conditions in China. The sector was likely aided by the government’s fiscal expansion to stimulate the economy as growth fell to a near three-decade low last year. However, prices remained relatively muted as underlying fundamentals remained weak amid the ongoing push towards cleaner energy sources away from polluting industries and an oversupplied market. Moreover, large banks and investment firms that have opted to invest in cleaner energy sources are being joined by mining firms.Thermal Coal Price History Data (USD per metric ton, aop)
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Price forecasts and historical data for Energy, Metals and Agricultural Commodities
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