Thermal coal prices averaged USD 105.86 per metric ton in June, up 6.3% from May. On 30 June, the commodity traded at USD 109.90 per metric ton, up 9.0% from 30 May.
Prices continued to recover from April’s four-year low in June. The arrival of summer in North Asia—the main consumer of Australian thermal coal—boosted cooling demand. Moreover, demand in the region was further aided by a spike in natural gas prices as a result of the Iran-Israel conflict, with the possible closure of the Strait of Hormuz threatening to block off exports by Qatar.
This chart displays Thermal Coal (US$/mt) from 2023 to 2025.
Australian Thermal Coal (prices in US$/mt, aop)
| Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | |
|---|---|---|---|---|---|---|---|---|
| Australian Thermal Coal | - | - | 146.92 | 134.98 | 127.17 | 136.11 | 140.29 | 139.10 |