Thermal Coal Prices

Thermal coal prices averaged USD 131.35 per metric ton in March, up 8.3% from February. On 29 March, the commodity traded at USD 129.10 per metric ton, down 1.5% from 29 February.

China and India, the world’s top buyers of thermal coal, imported the highest amount of seaborne stock since December in March. Low prices and strong domestic power consumption helped to fuel demand for the commodity. In China, power consumption has been boosted by the electrification of industrial processes, as well as by the increased use of electric cars and air conditioning, while in India, consumption was likely bolstered by strong economic activity.