Thermal Coal Prices

Thermal coal prices averaged USD 144.35 per metric ton in June, up 9.2% from May. On 30 June, the commodity traded at USD 129.65 per metric ton, down 1.2% from 29 May.

Australian thermal coal prices rose for a second month since the outbreak of the Iran war in June, averaging at a nearly two-year high. Preliminary data pegged Asia’s imports of the fuel at a six-month high and up 22% year on year, with Japan and South Korea switching away from LNG. Moreover, in China, import arrivals surged 48% annually after the country’s worst mining accident in 17 years led authorities to shut 155 coal mines.