Coal futures were trading around $80 per tonne, easing from near two-year highs hit in January, after the moderate temperature in Asia limited the demand. Prices have been recently supported by colder than usual temperatures in many parts of the northern hemisphere, as well as post-Covid industrial demand from China.
Historically, Coal reached an all time high of 139.05 in January of 2011. Coal - data, forecasts, historical chart - was last updated on February of 2021.
Coal is expected to trade at 77.02 USD/MT by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 69.10 in 12 months time.