Coal mine

Thermal Coal Price Outlook

Australian thermal coal prices dropped below USD 110 in January for the first time since late April last year and have subsequently remained there despite briefly surpassing the mark in mid-January. On 8 February, the spot price for Australian thermal coal was USD 97.2 per metric ton, which was down 0.6% from the same day last month. Moreover, it was 4.8% lower on a year-to-date basis and was down 3.7% from the same day last year. Prices have been impacted by developments in China affecting demand and disruptions to supply in Australia. In early February, Chinese authorities extended import restrictions first of all on coking coal and subsequently on thermal coal, causing large delays in the offloading of Australian cargo at Chinese ports. In addition, data for the Chinese manufacturing sector in December and January indicates a slowdown, which will weigh on demand, while the timing of the Lunar New Year also caused disruptions, as it is accompanied by a week-long market shutdown. The partial import ban could also prop up demand for domestic coal in China, further reducing demand for the commodity sourced from Australia, where supply was subject to disturbances due to heavy flooding and strikes.

Thermal Coal Price History Data (USD per metric ton, aop)

2013  2014  2015  2016  2017  2018  
Thermal Coal85.38  70.95  58.88  65.69  88.19  117.03  

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Price forecasts and historical data for Energy, Metals and Agricultural Commodities.

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Thermal Coal Historical Price Chart


Thermal Coal historical price chart
Note: Australian Thermal Coal, prices in USD per metric ton (mt).

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Price forecasts and historical data for Energy, Metals and Agricultural Commodities

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