Thermal coal prices averaged USD 145.37 per metric ton in October, up 3.8% from September. On 31 October, the commodity traded at USD 144.05 per metric ton, down 0.7% from 30 September.
Prices came within a whisker of August’s 11-month high in October. China’s government unveiled new stimulus measures in recent weeks, which should support economic activity in the country and therefore demand for Australian thermal coal imports. In addition, average Chinese imports of Australian thermal coal rose to the highest level since June over 1 October–24 October, as hydropower production in China slowed down.
This chart displays Thermal Coal (US$/mt) from 2022 to 2024.
Australian Thermal Coal (prices in US$/mt, aop)
| Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | |
|---|---|---|---|---|---|---|---|---|
| Australian Thermal Coal | 255.36 | 161.32 | 146.92 | 134.98 | 127.17 | 136.11 | 140.29 | - |