How much does coal cost in Australia?

IEA. Licence: CC BY 4.0 Price for 6 000 kcal/kg (net-as-received) coal free on board in the port of Newcastle, Australia. Price for 6 000 kcal/kg (net-as-received) coal in the ports of Amsterdam, Rotterdam and Antwerp including cost, insurance and freight (CIF).

What is Newcastle free on board (FOB) thermal coal?

In October 2021, Newcastle free on board (FOB) thermal coal with a calorific value of 6 000 kcal/kg was trading at USD 253/t. The Argus/McCloskey’s Coal Price Index 1 (API) 2, which tracks cost, insurance, and freight (CIF) prices, followed a similar trend and reached an unprecedented USD 260/t.

Why are Australian coal prices so low in 2023?

The price disparity arose from robust demand for Australian coal coupled with persistent supply shortages due to La Niña. Towards the end of the second half of 2023, prices gradually converged. Newcastle and ARA prices for high-CV thermal coal reached levels around USD 119/t, last seen at the beginning of 2022.

Why did global thermal coal prices ease in April?

With the end of the heating season in the Northern Hemisphere, global seaborne thermal coal prices eased slightly in April. Still, European efforts to reduce energy imports from Russia kept a floor under prices.