The Global Resource For Connecting Buyers and Sellers

Thermal coal markets start 2016 warily as demand outlook remains bleak

Thermal coal prices started the new year warily with physical cargo values around $50/t and futures testing $40/t for the first time since 2003, as last year’s commodity rout spills into 2016. Physical coal cargoes for prompt shipment from Australia’s Newcastle terminal last settled at $50.35/t, below levels seen during the global credit crisis of 2008/9.