Thermal Coal Price OutlookThermal coal prices slid in recent days following measures by Chinese authorities to limit the surge in import prices, despite tight coal supplies and frosty weather. On 9 February, the spot price for Australian Thermal Coal was USD 111.2 per metric ton. The price was down 5.5% from the same day in January and was 0.5% lower on a year-to-date basis. The price was up 26.8% from the same day last year. A cold snap across the north of China, a strong yuan and multiple reports of coal shortages in the Chinese power industry had prompted prices for Australian thermal coal—which is mainly exported to China—to increase in late January, reaching an over one-year high of USD 119.0 per metric ton on 29 January. Prices for the commodity have eased moderately since, following a partial sell-off in most energy commodity markets and Chinese measures to clamp down on the surge in prices seen since last year, which has strained Chinese energy producers. The government has moved to set a ceiling for domestic coal prices at the major coal import hub of Qinhuangdao and asked railway operators to prioritize transporting coal for power use in the winter. Although these measures have dampened sentiment in the market to an extent, lingering logistics issues continue to support thermal coal 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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