GC Newcastle coal prices fell below $230 per metric ton, the lowest in near three weeks and sitting almost 15% below its all-time high of $269.5 reached on October 5th, after China’s top economic planning agency said government intervention in coal prices was discussed at a meeting of key coal producers on Tuesday. The National Development and Reform Commission said it aims to ensure coal output increases to 12 million tons a day and will give the fuel priority for deliveries through ports and over railroads. Beijing’s efforts to tame prices come as Chinese coal futures have been breaking records, as demand for power generation surged amid an ongoing energy crisis despite the country’s environmental target. Several factors contributed to the power crunch, including a shortage of coal supplies, tougher government mandates to reduce emissions and greater demand from manufacturers. Meanwhile, data from the NBS showed China's coal production decreased 0.9% from a year earlier in September.

Historically, Coal reached an all time high of 269.50 in October of 2021. Coal - data, forecasts, historical chart - was last updated on October of 2021.

Coal is expected to trade at 246.91 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 268.87 in 12 months time.

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Coal


Price Day Month Year
Coal 232.00 2.10 0.91% 30.70% 301.38%
Bitumen 3,020.00 -138.00 -4.37% 2.86% 21.97%
Cobalt 56,545.00 0 0% 5.93% 69.78%
Lead 2,400.50 -35.00 -1.44% 11.43% 37.33%
Aluminum 3,056.50 -55.50 -1.78% 7.33% 66.34%
Tin 37,660.00 -32.50 -0.09% 11.22% 101.09%
Zinc 3,568.25 60.25 1.72% 19.01% 39.03%
Nickel 20,130.50 90.50 0.45% 5.53% 26.00%
Molybdenum 45.00 0 0% -2.70% 117.39%
Palladium 2,075.26 -22.50 -1.07% 8.87% -13.70%
Gallium 1,985.00 40.00 2.06% 3.12% 58.80%
Germanium 8,850.00 0 0% 2.31% 25.53%
Manganese 35.50 0 0% 2.90% 18.33%
Indium 1,600.00 -30.00 -1.84% -5.88% 25.49%
Soda Ash 3,500.00 0 0% 47.37% 85.84%
Neodymium 797,500.00 0 0% 1.92% 82.08%
Tellurium 495.00 0 0% -5.71% 14.45%
Iron Ore 62% fe 123.30 -0.10 -0.08% 5.38% 1.47%
Rhodium 14,000.00 -100.00 -0.71% 11.11% 0%


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.