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Thermal Coal Price Outlook

Prices for Australian Thermal Coal have continued to rise in recent weeks on the back of ongoing supply chain concerns and higher-than-normal temperatures in Europe and Asia. Robust demand from China—the world’s largest consumer of coal—and increased demand from Europe helped the commodity price reach a multi-year high in early August. In addition, demand has been boosted by Japanese restocking efforts. On 3 August, the spot price for Australian Thermal Coal was USD 117.5 per metric ton. The price was up 1.8% from the same day in July and was 15.5% higher on a year-to-date basis. Moreover, the price was up 24.2% from the same day last year. Although the Chinese government is still directing efforts at reducing the country’s reliance on polluting energy sources in favor of cleaner sources, demand from China remains robust. Temperatures across Asia reached levels above those normally observed during the summer season. As a result, demand for thermal coal spiked—outpacing supply—because the commodity is used as an energy source for industrial and residential cooling systems and air conditioners. Europe also saw abnormally high temperatures in recent weeks, further boosting demand and affecting prices, even though Europe is not a key export market for Australian thermal coal. Moreover, the high temperatures are expected to continue into August, which would boost short-term price gains.

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

2013  2014  2015  2016  2017  
Thermal Coal85.83  72.54  60.38  62.96  87.22  

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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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