Thermal Coal Price OutlookThe price of Australian thermal coal recovered in recent weeks after rising global opposition to polluting industries and the end of the winter season caused prices to drop to an over one-and-a-half year low in early April. On 11 May, the spot price for Australian thermal coal was USD 86.2 per metric ton, which was 4.8% higher than on the same day last month. However, it was down 15.6% on a year-to-date basis and was 15.1% lower than on the same day last year. Industrial production in China rose at a surprisingly quick pace in March, suggesting the foreseen slowdown in China’s industrial sector this year may prove softer than expected and thus improving prospects for thermal coal demand. In addition, Australian exports of thermal coal rose at a strong pace in March, boosted by sales to South Korea and Japan. Shipments to China, however, continued to fall; China is importing less thermal coal to help consolidate its own production market and import restrictions have caused delays at Chinese ports. Meanwhile, on 7 May, the Chinese government announced it will ramp up the closure of small coal mines this year to boost safety, reduce pollution and increase the quality of production.
Thermal Coal Price History Data (USD per metric ton, aop)
Price forecasts and historical data for Energy, Metals and Agricultural Commodities.
Thermal Coal Historical Price Chart
Price forecasts and historical data for Energy, Metals and Agricultural Commodities
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