Newcastle Coal Price Rises to US$198 per Ton (Tuesday, May 2, 2023)

Agus Dwi Darmawan 02/05/2023 13:45 WIB

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Other commodity factors, such as rising natural gas prices, also affect global Newcastle coal prices.

Newcastle Coal Price Trend Over the Last 14 Days (Tuesday, May 2, 2023)

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Newcastle Coal Price Rises to US$198 per Ton (Tuesday, May 2, 2023)

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Newcastle Coal Price Trend Over the Last 14 Days (Tuesday, May 2, 2023)

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Newcastle coal price as of 1:16 PM WIB today, Tuesday, May 2, 2023, stands at US$198 per ton. This represents a 6.94% increase compared to the previous day's closing price of US$185.15 per ton.

According to investing.com, the Newcastle coal price has risen 4.21% in the past week. Compared to 30 days ago, the price has increased by 12.34%.

However, over the past year, Newcastle coal prices have actually decreased. The previous record high reached US$457.8 per ton.

The lowest point for Newcastle coal price this year was US$172.25 per ton on Monday, March 20, 2023. The highest point reached US$397.5 per ton.

The increase in Newcastle coal prices is influenced by the upcoming winter season and the coal price crisis in China, impacting global coal prices. Other commodity factors, such as rising natural gas prices, also affect global Newcastle coal prices. The increase in these basic commodity prices is a result of the global economic recovery post-Covid-19 pandemic.

"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."