Thermal Coal Prices

Thermal coal prices averaged USD 141.85 per metric ton in November, down 2.4% from October. On 29 November, the commodity traded at USD 141.50 per metric ton, down 1.8% from 31 October.

Australian thermal coal prices lost ground in November, with the country’s exporters cutting prices to compete with surging Chinese production. That said, the dip in prices was slight: Despite domestic production surging, China imported record amounts of Australian thermal coal in November; Chinese demand for coal has risen amid colder winter temperatures and weaker hydropower output.