Thermal coal futures out of the Newcastle Port rose to $115 per tonne in late July, the highest in six months, as China aimed to combat oversupply in multiple industries. Beijing noted it will shutter mines that produce coal above their quotas in their latest effort to curb the oversupply of power feedstock. This was after reports indicated the Chinese government mandated plants to increase coal stockpiles by 10%, aiming to take advantage of lower prices and preventing more aggressive pressures in its producer deflationary momentum. Still, coal output in China rose by 3.6% from the previous year in June, aligned with the earlier signal that it plans to boost output by 1.5% to 4.82 billion tons this year after the record amount of output in 2024. On the demand front, Chinese fossil-fuel power output dropped by 4.7% annually in the first quarter amid lower power demand and strong supply from renewable energy sources. Still, added infrastructure spending put a floor on power demand.
Coal rose to 115.15 USD/T on July 31, 2025, up 0.09% from the previous day. Over the past month, Coal's price has risen 3.00%, but it is still 19.22% lower than a year ago, 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 August 1 of 2025.
Coal rose to 115.15 USD/T on July 31, 2025, up 0.09% from the previous day. Over the past month, Coal's price has risen 3.00%, but it is still 19.22% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Coal is expected to trade at 115.09 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 119.21 in 12 months time.