Newcastle coal futures, the benchmark for the top consuming region of Asia, fell below the $200 per tonne mark for the first time since January 2022 amid lingering concerns about sluggish demand. Warm winter, particularly in the US and Europe, and lower natural gas prices decreased the reliance on coal for generating power. At the same time, uncertainty about China's reopening has also clouded the short-term outlook for the commodity. On the supply side, the world's biggest coal producer and consumer, China, increased its coal output last year by 9% to a record 4.5 billion tonnes. The country urged miners to ramp up production due to concerns about a fuel shortage on the heels of Russia's invasion of Ukraine. Keeping a floor under prices, coal shipments from Australia, the world's second-largest exporter, have been disrupted by heavy rains in the coal-mining states of Queensland and New South Wales, as well as the closure of a key railway line after a collision.

Historically, Coal reached an all time high of 457.80 in September of 2022. Coal - data, forecasts, historical chart - was last updated on March of 2023.

Coal is expected to trade at 187.94 USD/MT by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 213.91 in 12 months time.

Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website

Price Day Month Year
Crude Oil 66.74 -1.610 -2.36% -13.59% -33.69%
Brent 72.71 -1.990 -2.66% -13.21% -30.80%
Natural gas 2.35 -0.1649 -6.56% 4.95% -52.51%
Heating Oil 2.68 0.0352 1.33% -2.72% -20.80%
Coal 173.00 -1.00 -0.57% -17.36% -48.70%
TTF Gas 42.86 -1.48 -3.35% -14.07% -59.20%
UK Gas 103.97 -5.2200 -4.78% -16.09% -57.74%
Bitumen 3,644.00 12.00 0.33% -3.75% -0.27%
Ethanol 2.21 0.0125 0.57% 1.03% -10.16%
Uranium 49.75 -0.3000 -0.60% -3.86% -11.71%
Cobalt 34,180.00 0 0% -4.23% -58.32%
Lead 2,058.00 -4.75 -0.23% 0.09% -7.78%
Aluminum 2,283.00 -2.00 -0.09% -7.10% -32.48%
Tin 22,464.00 -486 -2.12% -16.81% -46.86%
Zinc 2,924.00 61.00 2.13% -6.46% -23.58%
Nickel 23,018.00 230 1.01% -9.98% -45.39%
Palladium 1,419.42 -11.20 -0.78% -6.02% -43.02%
Iron Ore 62% fe 130.00 1.09 0.85% 2.90% -13.67%

Coal futures are available for trading in the Intercontinental Exchange and on the New York Mercantile Exchange. The standard GC Newcastle contact listed on ICE weights 1,000 metric tonnes. Coal is the major fuel used for generating electricity worldwide. The biggest producer and consumer of coal is China. Other big producers include: United States, India, Australia, Indonesia, Russia, South Africa, Germany and Poland. The biggest exporters of coal are: Indonesia, Australia, Russia, United States, Colombia, South Africa and Kazakhstan. Coal prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our coal prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. Trading Economics does not verify any data and disclaims any obligation to do so.
Actual Previous Highest Lowest Dates Unit Frequency
173.00 174.00 457.80 48.40 2008 - 2023 USD/MT Daily