Thermal Coal Prices

Thermal coal prices averaged USD 110.43 per metric ton in November, up 5.7% from October. On 28 November, the commodity traded at USD 111.10 per metric ton, up 6.7% from 31 October.

Multi-year low prices for Australian thermal coal have helped support import demand from Asian countries in recent weeks, helping prices of the fuel to recover in turn. The demand increase came especially from China: The country’s fossil fuel generation in October, the latest month with available data, was the highest for that month since records began in 1998; yet the country’s production of thermal coal fell due to ongoing safety checks in mines, supporting import demand.