![]() Import restrictions in China in the fourth-quarter 2019 added pressure to coal prices. In addition, demand was dampened by weaker electricity demand and lower LNG prices. In the first eight months of 2019, thermal coal prices declined due to increased supply in the seaborne thermal coal market as producers reacted to higher prices in 2017-18. ![]() In 20 prices increased due to supply-side restrictions in China as well as increasing demand. The price decline followed a period of high prices dating back to early 2016. ![]() A similar trend applies to coking coal prices, which plummeted from USD 200/t to USD 100/t over the same period, but Chinese restrictions to Australian coal has prevented the latest uptick. FOB prices for thermal coal with a calorific value (CV) of 6 000 kcal/kg which had hovered around USD 100/t in early 2019, had fallen to USD 65/t a year later and in late 2020 is trading closer to USD 50/t, a 50% decline, to rebound in November to same levels than one year ago. After stabilisation of prices in the beginning of 2020, Covid-related demand suppression pushed prices down. ![]() The price rebound starting in 2016 ended in 2018, moving in a downward trend in 2019. Coal prices vary by region as well as by grade and quality. ![]()
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