Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.

  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

In this list

Thermal coal spot prices to average $98/mt in 2018: NAB

Oil | Crude Oil | Gasoline | Coronavirus

China under pressure to export more refined products after Q2 oil shopping spree


Platts Global Coal Alert

Capital Markets | Commodities | Electric Power | Natural Gas

Mexican Energy Conference, 24th

Agriculture | Coal | Emissions | Electric Power | Renewables | Natural Gas

Shell Australia to buy land-use carbon offsets company

Thermal coal spot prices to average $98/mt in 2018: NAB

Sydney — The National Australia Bank has forecast thermal coal spot prices to average $98/mt FOB Newcastle basis 6,000 kcal/kg NAR in 2018, up by 12% from last year, it said Thursday in its Minerals and Energy Outlook.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

"Coal spot prices have been highly volatile in recent years, with an upward trend since recent lows in April 2018," it said. Thermal coal prices pushed above $110/mt to the highest level since early 2012, it added.

"Spot prices for thermal coal may become increasingly important -- given the breakdown of the traditional Japanese financial year contract mechanism, with Tohoku Electric Power Co. pulling out of negotiations with miner Glencore," it said.

The report noted that for the first five months of the year, China's thermal coal imports have risen 20% year on year to 97.4 million mt, driven by a particularly cold winter boosting demand across January through March, while it has had low availability of natural gas.

For the January-March quarter next year, NAB forecasts thermal coal spot prices to average $93/mt, before falling to $85/mt in April-June, $80/mt in July-September and then to $75/mt in October-December.

--Nathan Richardson,

--Edited by Irene Tang,