Newcastle coal futures, the benchmark for top consuming region Asia, consolidated below the $400-per-tonne mark as surging inventories and prospects for weaker demand amid signs of slowing global growth continued to pressure the market. Global coal supply investment is forecasted to grow by 10% in 2022 as tight supply continues to attract investment in new projects, particularly in Europe, with top consumers stepping up efforts to diversify their energy sources. The war in Eastern Europe has created a global energy crunch and exacerbated concerns over coal supplies in a market already in a tight balance. Coal prices have rallied as high as $430 in late May, and further upside pressure could be expected in the near term and is intrinsically related to the duration of the conflict and the severity of disruptions to commodity flows.

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

Coal is expected to trade at 411.55 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 491.13 in 12 months time.

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Coal



Price Day Month Year
Crude Oil 99.87 -8.560 -7.89% -13.95% 36.12%
Brent 103.08 -10.42 -9.18% -11.87% 38.31%
Natural gas 5.55 -0.3030 -5.18% -40.38% 52.54%
Heating Oil 3.59 -0.3474 -8.82% -15.12% 70.54%
Coal 396.45 8.45 2.18% -4.53% 181.67%
TTF Gas 165.07 2.13 1.31% 99.95% 384.01%
UK Gas 286.00 3.7600 1.33% 89.82% 242.35%
Bitumen 4,487.00 24.00 0.54% -4.39% 28.20%
Ethanol 2.54 -0.2499 -8.96% -8.80% 8.55%
Uranium 51.25 0.4000 0.79% 2.91% 56.73%
Cobalt 65,445.00 0 0% -11.44% 29.59%
Lead 1,961.25 23.75 1.23% -11.11% -14.32%
Aluminum 2,376.00 -88.00 -3.57% -14.61% -5.59%
Tin 26,600.00 -50 -0.19% -25.30% -16.16%
Zinc 3,008.50 -109.50 -3.51% -22.32% 2.83%
Nickel 22,447.00 681 3.13% -24.23% 21.92%
Palladium 1,933.67 11.11 0.58% -3.45% -30.78%
Iron Ore 62% fe 113.61 -0.84 -0.73% -21.55% -47.78%


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
396.45 388.00 435.00 48.40 2008 - 2022 USD/MT Daily