Thermal Coal Price OutlookSupply chain concerns have supported Australian Thermal Coal prices in the year to date. These concerns have continued in recent weeks, with prices for the commodity also increasing due to robust demand levels, despite the ongoing environmental curbs in China. On 6 July, the spot price for Australian Thermal Coal was USD 116.1 per metric ton. The price was up 5.4% from the same day in June and was 14.2% higher on a year-to-date basis. Moreover, the price was up 39.5% from the same day last year. The crackdown in China on polluting industries and energy sources is still ongoing, affecting coal-powered industries. However, demand for the commodity has remained robust due to unseasonably hot weather in the country in recent weeks, which has boosted demand for electricity for air conditioning and industrial cooling. In addition, robust economic growth in Asia, and China in particular, has helped keep demand levels elevated. Simultaneously, supply chain constraints are also supporting prices, following prior decisions to close mines and a lack of new projects coming onstream. In addition, there have been recent disruptions at South African mines, while supply out of Australia—another key global producer—is also tight. Australian supply could see further interruptions after controllers at railway operator Aurizon voted to strike in early July
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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