Newcastle coal futures, the benchmark for top consuming region Asia, bottomed around the $350-per-tonne mark, close to levels not seen since May, pressured by increased supply prospects. China, the world's largest coal consumer and producer, announced that it would boost domestic production to ensure its energy security in a tight global market. At the same time, it also signaled that it could lift a nearly two-year ban on Australian coal as tensions ease while it seeks to replace shipments from Russia. Still, coal prices are poised to remain elevated amid robust demand and persistent global supply disruptions exacerbated by the war in Eastern Europe. Europe is now turning to seaborne coal from South Africa and even as far away as Australia as it halts imports from Russia. Demand for coal in India, the world's second-biggest coal importer behind China, is expected to rise almost 10% in 2022 as the country's economy expands and electricity use increases.

Historically, Coal reached an all time high of 435 in March of 2022. Coal - data, forecasts, historical chart - was last updated on August of 2022.

Coal is expected to trade at 382.91 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 456.95 in 12 months time.

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Price Day Month Year
Crude Oil 91.44 0.684 0.75% -9.65% 33.91%
Brent 97.62 0.974 1.01% -5.81% 38.22%
Natural gas 7.70 0.1124 1.48% 21.88% 88.34%
Heating Oil 3.30 0.1163 3.66% -10.54% 58.42%
Coal 371.00 10.00 2.77% -11.46% 122.16%
TTF Gas 191.90 -1.16 -0.60% 16.64% 329.74%
UK Gas 349.55 -5.5900 -1.57% 57.28% 213.36%
Bitumen 4,340.00 20.00 0.46% 1.90% 39.82%
Ethanol 2.43 -0.0250 -1.02% -4.15% 10.98%
Uranium 48.70 0 0% 0.62% 53.63%
Cobalt 49,445.00 0 0% -18.20% -5.82%
Lead 2,187.00 92.25 4.40% 11.41% -3.65%
Aluminum 2,482.00 36.50 1.49% 4.29% -3.98%
Tin 24,300.00 -155 -0.63% -7.47% -29.95%
Zinc 3,480.50 35.00 1.02% 14.13% 16.06%
Nickel 21,614.00 -537 -2.42% -0.80% 16.23%
Palladium 2,186.29 -44.46 -1.99% 1.12% -17.21%
Iron Ore 62% fe 110.38 1.18 1.08% 0.37% -36.39%

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
371.00 361.00 435.00 48.40 2008 - 2022 USD/MT Daily