Newcastle coal futures, the benchmark for the top consuming region of Asia, moved towards the $400 per tonne mark, more than 150% above last year's level, on prospects of continued robust demand and tight supplies. Above-average demand from Europe on fears of a shortage of natural gas for power generation coupled with skyrocketing imports of thermal coal from India, as electricity demand increased because of a heatwave and a pickup in economic activity, have been pushing prices higher. On top of that, a seasonal upturn in coal-fired generation during the winter reinforced this view of solid global demand. On the supply side, wet weather and flooding brought to Australia by the La Niña phenomenon have hit coal production for miners, including Glencore, BHP, and Anglo-American. As a result, Australia's thermal coal exports will likely tumble by 13 million tonnes to 183 million this year. In September, coal prices hit a record peak of around $450 per tonne.

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

Coal is expected to trade at 403.56 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 464.77 in 12 months time.

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Price Day Month Year
Crude Oil 75.96 -0.970 -1.26% -16.28% 5.74%
Brent 81.71 -0.970 -1.17% -15.20% 8.80%
Natural gas 5.44 -0.1355 -2.43% -24.88% 48.11%
Heating Oil 2.97 -0.0343 -1.14% -17.96% 33.73%
Coal 400.50 9.50 2.43% 16.09% 164.79%
TTF Gas 134.15 -0.55 -0.41% 22.31% 39.91%
UK Gas 338.23 2.8500 0.85% 26.47% 38.63%
Bitumen 3,433.00 -157.00 -4.37% -21.08% 21.74%
Ethanol 2.15 -0.0375 -1.72% -23.30% -20.76%
Uranium 48.35 -0.8500 -1.73% -3.30% 4.99%
Cobalt 51,955.00 0 0% 0% -25.05%
Lead 2,225.00 35.25 1.61% 8.98% 0.75%
Aluminum 2,489.00 -33.50 -1.33% 6.50% -5.31%
Tin 24,446.00 1191 5.12% 29.08% -36.89%
Zinc 3,163.50 37.50 1.20% 9.62% -1.95%
Nickel 28,556.00 -194 -0.67% 22.61% 43.06%
Palladium 1,880.25 4.45 0.24% -0.88% 1.47%
Iron Ore 62% fe 107.68 0.24 0.22% 23.57% 3.80%

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
400.50 391.00 457.80 48.40 2008 - 2022 USD/MT Daily