Coal Prices Plummeted in Q1 2023: A Sign of a Slowing Economy?

Economics & Macro

Lite

Adi Ahdiat 11/04/2023 15:30 WIB

URL has been copied

Memuat...

According to World Bank data, as of March 2023, the average price of Newcastle coal was USD 187.23 per ton, a 41% decline from the beginning of the year.

Average Monthly Newcastle Coal Price (January 2020-March 2023)

A Font Kecil
A Font Sedang
A Font Besar

Access single data

Coal Prices Plummeted in Q1 2023: A Sign of a Slowing Economy?

Want to get more access to Data Stories with a more affordable price? Subscribe.

By subscribing, you join us in presenting quality data.

Get:

Premium Data Stories access
Comfortable reading without ads
Download data in XLS, PDF, and image format
Access to data source information

Basic

~~Rp100.000~~

Rp50.000/month

Professional

~~Rp100.000~~

Rp150.000/month

Institutional For organizations

We accept the following payments:

Some payment methods are still in the process of being activated.

Average Monthly Newcastle Coal Price (January 2020-March 2023)

Download

Source

A Small Font
A Medium Font
A Bigger Font

Throughout 2022, global coal prices surged significantly, partly due to the Russia-Ukraine conflict, which triggered an energy supply crisis in many countries.

This price increase led to substantial profits for many coal companies. Even Indonesian coal issuers such as PT Bukit Asam Tbk, Adaro Energy, Indika Energy, Indo Tambangraya, Bumi Resources, and Bayan Resources all reported record profits in 2022.

However, this "feast" appears to be over, as coal prices have fallen throughout the first quarter of 2023, as shown in the graph.

According to World Bank data, the average price of Newcastle coal, a global benchmark, was USD 187.23 per ton in March 2023.

This price is down 9.8% month-on-month (mom) and even plummeted 41% year-to-date (ytd) compared to the average price at the beginning of the year.

The decline in coal prices had been predicted by the World Bank since last year.

In its October 2022 Commodity Markets Outlook report, the World Bank projected that global fossil fuel commodity prices, including coal, would decline starting this year due to the slowing global economy.

"After surging 60% in 2022, energy prices are projected to fall 11% in 2023 and a further 12% in 2024," the World Bank stated in the report.

"This outlook is primarily due to slowing global economic growth, weaker natural gas demand due to reduced household and industrial consumption, and supply responses, particularly in coal," it continued.

Nevertheless, the World Bank predicts that coal prices in 2023-2024 will remain at least 50% above pre-pandemic average prices.

"High energy prices will persist and impact inflation, such as higher transportation costs and electricity tariffs for businesses," said the World Bank.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

Related Data

6 Provinces in Sumatra with the Most Active Mineral and Coal Mining Permits

Annual Inflation in Indonesian Provinces in November 2025, Riau Highest

A Series of Environmental Issues the Government Needs to Resolve, According to Indonesian Citizens

List of Persija Jakarta's Championship Titles Over 97 Years Since Its Founding

Indonesia's Electrification Ratio Continues to Increase until 2024

Electrification Rate of Villages in Indonesia Increased until 2024

Latest Data Stories

Global Natural Gas Prices Rise to US$3.33/Mmbtu (Friday, May 23, 2025) Energy 06/12/2025, 15:16 WIB

Population of Male Cattle Suitable for Slaughter, Period 2013-2024 Demographics 06/12/2025, 15:05 WIB

US Soybeans Futures Contract Price (Two-Month) - US$1,060.25/Bushel (Friday, May 23, 2025) Economics & Macro 06/12/2025, 14:59 WIB

Bungo Regency Construction Cost Index, Jambi 2025 Property 06/12/2025, 14:57 WIB

Prevalence of Inadequate Food Consumption in Cilacap Decreased by 1.39% in the Last Year Demographics 06/12/2025, 13:15 WIB

The daily price of shallots in traditional markets in Yogyakarta Province has decreased by 16.36% over the past month. Economics & Macro 06/12/2025, 12:38 WIB

Download

Source

Coal Prices Plummeted in Q1 2023: A Sign of a Slowing Economy?

Coal Prices Plummeted in Q1 2023: A Sign of a Slowing Economy?

Tags

Related Data

6 Provinces in Sumatra with the Most Active Mineral and Coal Mining Permits

Annual Inflation in Indonesian Provinces in November 2025, Riau Highest

A Series of Environmental Issues the Government Needs to Resolve, According to Indonesian Citizens

List of Persija Jakarta's Championship Titles Over 97 Years Since Its Founding

Indonesia's Electrification Ratio Continues to Increase until 2024

Electrification Rate of Villages in Indonesia Increased until 2024

Latest Data Stories

Popular Data

Coal Prices Plummeted in Q1 2023: A Sign of a Slowing Economy?

Coal Prices Plummeted in Q1 2023: A Sign of a Slowing Economy?

Tags

Related Data

6 Provinces in Sumatra with the Most Active Mineral and Coal Mining Permits

Annual Inflation in Indonesian Provinces in November 2025, Riau Highest

A Series of Environmental Issues the Government Needs to Resolve, According to Indonesian Citizens

List of Persija Jakarta's Championship Titles Over 97 Years Since Its Founding

Indonesia's Electrification Ratio Continues to Increase until 2024

Electrification Rate of Villages in Indonesia Increased until 2024

Latest Data Stories

Trending Topics

Popular Data