Thermal Coal Price OutlookPrices for Australian thermal coal fell through late-February, before regaining lost ground in early-March due to more policy clarity out of China. However, prices remained below the USD 110 mark, which was last breached in January. On 8 March, the spot price for Australian thermal coal was USD 95.5 per metric ton, which was down 1.7% from the same day last month. Moreover, it was 6.4% lower on a year-to-date basis and was down 4.4% from the same day last year. Developments in China continued to impact thermal coal prices in recent weeks. Reports emerged in the middle of February that some Chinese ports were banning the commodity from being offloaded. This soured relations between China and Australia, while also hitting the Australian dollar. However, prices have subsequently regained ground as the policy position of the Chinese government became clearer: Instead of banning the commodity, authorities have put in place stricter clearance procedures to ensure environmental standards are met. That being said, the elongated clearance procedures have softened demand for Australian thermal coal somewhat, as it can now take up to 90 days before customs are cleared.
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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