Coal mine

Thermal Coal Price Outlook

Thermal coal prices appear to have peaked in mid-September. The price of the commodity reached an 11-month high of USD 110.3 per metric ton in 13 September on strong Asian demand, but has slipped since. On 6 October, the spot price for Australian Thermal Coal was USD 97.3 per metric ton. The price was down 0.6% from the same day of September and was 2.8% higher on a year-to-date basis. The price has recovered from record lows in early 2016 and was up 14.8% from the same day last year. The market fundamentals of thermal coal remain relatively upbeat, with Asian demand for coal strengthening as a result of a build-up in stocks ahead of winter and overcapacity being cut due to the Chinese government’s crackdown on illegal mining activity. Regarding the latter, China’s planning department ordered two major mines in Inner Mongolia to stop production, which has stoked fears of winter supply shortages and added upward pressure to prices. However, the department has also issued an order aimed at ensuring stable supplies of coal, which could lead to a relaxation of current regulations—as happened last winter—and prompt mines to ramp up production.

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

2012  2013  2014  2015  2016  
Thermal Coal98.17  85.83  72.54  60.38  63.03  

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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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