Thermal Coal Price OutlookAustralian thermal coal prices dropped in recent weeks in the wake of the coronavirus outbreak in China and reported import restrictions. On 14 February, the commodity traded at USD 69.1 per metric ton, which was down 2.4% from the same day last month but was 2.1% higher on a year-to-date basis. The price was down 27.2% from the same day last year. The outbreak of the novel coronavirus has caused the Chinese economy to come to a virtual standstill, hitting thermal coal demand from the world’s largest consumer of the commodity and thus weighing on prices in turn. As such, the imposition of a 14-day quarantine period on Australian vessels returning from mainland China did little do support prices despite restricting access. Further weighing on demand, fresh import restrictions on thermal coal were reportedly announced by Chinese authorities in mid-January as part of a shift towards cleaner sources of energy and to protect domestic producers.
Thermal Coal Price History Data (USD per metric ton, aop)
Price forecasts and historical data for Energy, Metals and Agricultural Commodities.
Thermal Coal Historical Price Chart
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