Thermal Coal Prices

Thermal coal prices averaged USD 99.61 per metric ton in May, up 3.4% from April. On 30 May, the commodity traded at USD 100.80 per metric ton, up 3.4% from 30 April.

Despite rising, prices remained not far from April’s four-year low. The increase was largely due to temporary supply disruptions in Australia caused by heavy rains and floods near railways and the country’s main port. Demand from China remained sluggish, weighed on by record domestic coal output plus higher hydrocarbon and renewable power generation.