Coal Prices, Trend, Chart, Demand, News, Monitor and Forecast

Written by Beckett » Updated on: December 05th, 2024

North America Coal Prices Movement Last Quarter:

Coal Prices in United States:

In Last Quarter, coal prices in the United States experienced a sharp decline, settling at 40 USD/MT by December. This drop was primarily driven by reduced demand from power plants as the energy sector continued its shift toward renewable energy sources, which offered more competitive pricing and sustainability advantages. Additionally, unseasonably mild weather in some regions reduced energy consumption, further impacting coal's utility. The increasing adoption of natural gas and renewables like wind and solar intensified the competition, leaving coal suppliers with surplus stock and limited market opportunities. These factors combined to drive the downward price trend during the quarter.

APAC Coal Prices Movement Last Quarter:

Coal Prices in China:

In Last Quarter, coal prices in China experienced a significant decline, closing at 128 USD/MT by December. This downward trend was primarily attributed to the accumulation of surplus stock in major markets, including China and India, which reduced the urgency for new purchases. Additionally, increased global competition among coal-exporting nations led to price cuts as suppliers sought to secure market share. A decline in demand from downstream power plants, driven by a shift toward cleaner energy alternatives, further pressured the market. These combined factors created a bearish sentiment, resulting in a consistent price drop throughout the quarter.

Europe Coal Price Movement Last Quarter:

In Last Quarter, coal prices in Europe saw a significant decline, reaching 120 USD/MT. This drop was primarily driven by weak demand for coal, as lower energy prices reduced the reliance on fossil fuels. Additionally, high gas storage levels in the European Union provided an alternative to coal, further reducing coal consumption. The combination of these factors, alongside sluggish market conditions, created downward pressure on coal prices, marking a challenging period for the market despite previously higher energy prices earlier in the year.

MEA Coal Price Movement Last Quarter:

Coal Prices in South Africa:

In Last Quarter, coal prices in South Africa rose significantly, driven by strong global demand and domestic supply constraints. The global market sentiment remained positive, as industrial demand for coal surged, pushing prices higher. Additionally, the implementation of new regulations restricting coal supply further tightened the market, contributing to the price increase. By the end of the quarter, the price reached an all-time high of 97 USD/MT. This combination of heightened demand and regulatory restrictions created a bullish environment for South Africa's coal market during Q4 2023.

How IMARC Pricing Database Can Help

The latest IMARC Group study, “Coal Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data 2024 Edition,” presents a detailed analysis of Coal price trend, offering key insights into global Coal market dynamics. This report includes comprehensive price charts, which trace historical data and highlights major shifts in the market.

The analysis delves into the factors driving these trends, including raw material costs, production fluctuations, and geopolitical influences. Moreover, the report examines Coal demand, illustrating how consumer behaviour and industrial needs affect overall market dynamics. By exploring the intricate relationship between supply and demand, the prices report uncovers critical factors influencing current and future prices.

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