Coal prices climbed above $115 per ton, reaching their highest level in a year as strong demand for power generation, particularly from top consumer China, continued to underpin the market. China is set to bring more than 100 coal-fired power generators online this year, in addition to over 400 units currently under construction, to supply electricity domestically and for export. China, by far the world’s largest coal consumer, producer and importer, continues to rely heavily on the fuel to power its economy alongside the rapid expansion of renewable energy, even as Beijing has pledged to begin phasing down coal use before 2030. Rising global electricity demand, driven by artificial intelligence data centers and electric vehicle charging, has also boosted coal consumption. Meanwhile, output from Indonesia is expected to fall to about 600 million tons this year from nearly 800 million tons last year, amid weaker imports from China and India.

Coal fell to 116 USD/T on February 5, 2026, down 0.09% from the previous day. Over the past month, Coal's price has risen 8.16%, and is up 6.47% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Coal reached an all time high of 457.80 in September of 2022. Coal - data, forecasts, historical chart - was last updated on February 6 of 2026.

Coal fell to 116 USD/T on February 5, 2026, down 0.09% from the previous day. Over the past month, Coal's price has risen 8.16%, and is up 6.47% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Coal is expected to trade at 112.82 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 118.42 in 12 months time.



Price Day Month Year Date
Crude Oil 62.93 -0.363 -0.57% 12.39% -11.37% Feb/06
Brent 67.20 -0.346 -0.51% 12.08% -9.99% Feb/06
Natural gas 3.50 -0.0077 -0.22% -0.67% 5.81% Feb/06
Heating Oil 2.39 -0.0050 -0.21% 16.12% -1.96% Feb/06
Coal 116.00 -0.10 -0.09% 8.16% 6.47% Feb/05
TTF Gas 33.73 0.23 0.68% 20.16% -37.70% Feb/05
UK Gas 81.30 1.5800 1.98% 11.80% -38.51% Feb/05
Bitumen 3,367.00 4.00 0.12% 6.42% -10.90% Feb/05
Ethanol 1.63 0.0075 0.46% 2.04% -7.54% Feb/05
Uranium 85.70 -1.8500 -2.11% 4.45% 22.52% Feb/05
Cobalt 56,290.00 0 0% 5.50% 161.21% Feb/05
Lead 1,954.90 -5.65 -0.29% -5.54% -1.83% Feb/06
Aluminum 3,035.10 -17.05 -0.56% -3.15% 15.72% Feb/05
Tin 48,526.00 -1596 -3.18% 14.27% 57.55% Feb/04
Zinc 3,274.20 -33.50 -1.01% 0.76% 15.96% Feb/06
Nickel 16,861.00 -199 -1.17% -8.51% 6.21% Feb/06
Palladium 1,591.00 -108.50 -6.38% -10.87% 63.94% Feb/06


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
116.00 116.10 457.80 48.40 2008 - 2026 USD/MT Daily

News Stream
Coal Hits 1-Year High
Coal prices climbed above $115 per ton, reaching their highest level in a year as strong demand for power generation, particularly from top consumer China, continued to underpin the market. China is set to bring more than 100 coal-fired power generators online this year, in addition to over 400 units currently under construction, to supply electricity domestically and for export. China, by far the world’s largest coal consumer, producer and importer, continues to rely heavily on the fuel to power its economy alongside the rapid expansion of renewable energy, even as Beijing has pledged to begin phasing down coal use before 2030. Rising global electricity demand, driven by artificial intelligence data centers and electric vehicle charging, has also boosted coal consumption. Meanwhile, output from Indonesia is expected to fall to about 600 million tons this year from nearly 800 million tons last year, amid weaker imports from China and India.
2026-02-02
Coal Rises to 5-Month High
Thermal coal futures out of Australian ports rose to above $111 per tonne in late January, the highest since August of last year, amid evidence of strong demand for power generation of all sources. China is due to launch more than 100 coal power generators this year, in addition to over 400 generators under construction. The increase signaled that the world's top thermal coal consumer will continue relying on the fuel despite earlier signals that renewable sources were preferred, aligned with the global momentum of higher power-generation capacity to match stronger demand in datacenters and electric vehicle charging. Meanwhile, output from Indonesia is due to fall to 600 million tons this year from nearly 800 million tons last year amid lower imports from China and India.
2026-01-30
Coal Firms on Strong China Production
Coal prices strengthened above $110 per ton, reaching over five-month highs as the latest data showed China’s coal production reached a record in 2025, with Beijing continuing to prioritize energy security despite a gradual shift toward clean energy. Output rose 1.2% to 4.83 billion tons, with coal still providing over 50% of the country’s energy needs. China is also preparing to launch more than 100 coal-fired power generators this year, expected to supply electricity domestically and abroad. China, by far the world’s largest coal consumer, producer, and importer, continues to rely on the fuel to power its economy alongside the ongoing expansion of renewable energy. However, Beijing has pledged to begin phasing down coal use before 2030.
2026-01-19