Thermal Coal Prices

Thermal coal prices averaged USD 112.22 per metric ton in August, up 0.8% from July. On 29 August, the commodity traded at USD 111.50 per metric ton, down 3.2% from 31 July.

The small price rise was largely due to a carry-over effect, with prices starting in August at a high level after surging in late July. Prices then trended down in August, partly after Indonesia announced that it would scrap a price floor for coal sold abroad, in turn boosting supply on global markets. That said, prices remain about 15% above their late-April low, with Chinese electricity demand reaching all-time highs as temperatures rose above normal levels.