Newcastle coal futures eased to below $145 per tonne, retracting from a recent peak of $147 reached on May 2nd, as China's anticipated increase in met coal demand for 2024 is modest due to stagnation in property and infrastructure sectors. This slowdown has been evident over the past two years. Despite this, prices remain elevated, buoyed by India's unprecedented coal-fired electricity generation in the first quarter. The surge in power production was driven by above-average temperatures, leading to increased air conditioner usage, and robust economic expansion, which resulted in higher overall power consumption. Moreover, China experienced a rise in coal imports in April, attributed to lower domestic output, aimed at bolstering stockpiles ahead of the anticipated peak summer demand season.

Coal decreased 2.65 USD/MT or 1.81% since the beginning of 2024, 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 May 17 of 2024.

Coal decreased 2.65 USD/MT or 1.81% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Coal is expected to trade at 143.62 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 150.19 in 12 months time.



Price Day Month Year Date
Crude Oil 79.42 0.188 0.24% -4.00% 10.52% May/17
Brent 83.64 0.371 0.45% -3.98% 10.26% May/17
Natural gas 2.51 0.0166 0.67% 26.47% -9.88% May/17
Heating Oil 2.46 0.0076 0.31% -2.69% 3.37% May/17
Coal 143.75 2.25 1.59% 3.05% -13.01% May/16
TTF Gas 30.84 0.26 0.86% -4.20% 3.53% May/17
UK Gas 74.34 0.5441 0.74% -7.86% 9.68% May/17
Bitumen 3,685.00 13.00 0.35% -1.42% -2.23% May/17
Ethanol 1.81 -0.0200 -1.09% 8.87% -25.67% May/16
Uranium 90.65 -0.2500 -0.28% 1.51% 69.12% May/16
Cobalt 27,830.00 0 0% 0% -20.33% May/16
Lead 2,291.00 -5.00 -0.22% 5.09% 11.15% May/17
Aluminum 2,599.00 6.00 0.23% -0.59% 13.82% May/17
Tin 32,918.00 825 2.57% 2.13% 31.70% May/13
Zinc 2,968.00 3.00 0.10% 5.53% 20.70% May/17
Nickel 20,807.50 754 3.76% 12.12% -0.02% May/17
Palladium 985.50 -8.00 -0.81% -4.27% -32.18% May/17


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
143.75 141.50 457.80 48.40 2008 - 2024 USD/MT Daily