Thermal Coal Price OutlookAlthough prices for Australian thermal coal remain near multi-year high levels, they have fallen markedly in recent weeks on the back of a surplus of supply and muted Chinese demand. On 2 November, the spot price for Australian thermal coal was USD 113.4 per metric ton. The price was 9.3% lower than on the same day in October; however, the price was up 1.7% on a year-to-date basis and was 3.2% higher than on the same day last year. Australian exports of thermal coal rose markedly in annual terms in October, keeping the global market well supplied. The jump in exports reflected a low base effect, as strikes limited output in the same month a year ago. In addition, Chinese demand was muted as many firms reached the government-imposed import quotas for the year, while investor concerns over slowing economic momentum in China due to the trade spat with the U.S. likely put further downward pressure on prices.
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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