Thermal coal prices averaged USD 150.18 per metric ton in October, up 2.9% from September. On 30 October, the commodity traded at USD 150.45 per metric ton, up 2.7% from 30 September.
Australian thermal coal prices rose modestly in October, reaching their highest monthly average since September 2023. Higher Asian LNG prices amid the Iran war likely encouraged gas-to-coal switching, while northern hemisphere winter stockpiling further supported demand. However, the price rise slowed from September as Chinese coal production likely continued to recover following mine restarts.
This chart displays Thermal Coal (US$/mt) from 2024 to 2026.
Australian Thermal Coal (prices in US$/mt, aop)
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | Q4 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Australian Thermal Coal | - | - | - | 139.10 | 107.82 | 100.51 | 109.36 | 107.72 | 119.71 | 137.15 | 135.42 | - |