Newcastle coal futures have been steadily rising toward $144 per tonne, following a more than 13% drop in the first week of October, driven by heightened demand from China ahead of the winter peak season and higher natural gas prices due to supply disruptions and the ongoing Middle East conflict. China's coal imports soared 27.5% from a year earlier in September and are up 73.1% since the start of the year due to elevated domestic prices as a result of mine safety inspections following a series of accidents that reduced supply. In addition, increased industrial usage and seasonal restocking efforts in anticipation of colder weather in northern China have contributed to the strong demand for thermal coal.

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

Coal is expected to trade at 148.38 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 167.01 in 12 months time.


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Coal


Price Day Month Year Date
Crude Oil 88.24 1.660 1.92% -2.47% 5.78% Oct/18
Brent 91.42 1.380 1.54% -1.85% 0.95% Oct/18
Natural gas 3.08 0.0059 0.19% 1.95% -50.34% Oct/18
Heating Oil 3.14 -0.0374 -1.18% -4.77% -8.66% Oct/18
Coal 139.50 -2.75 -1.93% -13.22% -64.32% Oct/18
TTF Gas 50.83 1.94 3.96% 38.20% -54.82% Oct/18
UK Gas 123.90 1.8700 1.53% 32.39% -32.19% Oct/18
Bitumen 3,797.00 -11.00 -0.29% -4.36% -7.14% Oct/18
Ethanol 2.31 0.0350 1.54% 0% -5.53% Oct/18
Uranium 69.00 0 0% 5.34% 35.29% Oct/16
Cobalt 33,420.00 0 0% 0% -35.68% Oct/18
Lead 2,100.00 0 0% -5.98% 4.05% Oct/18
Aluminum 2,191.50 14.50 0.67% -1.08% 0.97% Oct/18
Tin 25,370.00 128 0.51% -3.11% 30.44% Oct/17
Zinc 2,435.00 14.00 0.58% -2.50% -16.01% Oct/18
Nickel 18,333.00 0 0% -6.80% -15.97% Oct/18
Palladium 1,129.67 -13.93 -1.22% -10.32% -43.52% Oct/18
Iron Ore 62% fe 119.01 -0.30 -0.25% -2.58% 25.46% Oct/18


Coal
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
139.50 142.25 457.80 48.40 2008 - 2023 USD/MT Daily