Newcastle Coal Price Falls to US$360.35 per Ton (Sunday, May 8, 2022)

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Agus Dwi Darmawan 08/05/2022 11:41 WIB

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The increase in Newcastle coal prices is driven by the onset of winter and the Newcastle coal price crisis in China, impacting global Newcastle coal prices.

Newcastle Coal Price Development Over the Last 14 Days (Sunday, May 8, 2022)

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Newcastle Coal Price Falls to US$360.35 per Ton (Sunday, May 8, 2022)

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Newcastle Coal Price Development Over the Last 14 Days (Sunday, May 8, 2022)

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Newcastle coal price as of 11:04 WIB today, Sunday, May 8, 2022, stands at US$360.35 per ton. This represents a 0% decrease compared to Thursday, May 5, 2022's closing price of US$360.35 per ton.

According to investing.com, the Newcastle coal price has increased by 10.33% in the past week. Compared to 30 days prior, the price has risen by 39.27%.

However, over the past year, Newcastle coal prices have actually decreased. The previous record high reached US$440 per ton.

The Newcastle coal price reached its lowest point of US$157.5 per ton on Wednesday, January 5, 2022, and its highest point this year at around US$440 per ton.

The increase in Newcastle coal prices is influenced by the arrival of winter and the coal price crisis in China, impacting global coal prices. Other commodity factors, such as rising natural gas prices, also affect global coal prices. This rise in basic commodity prices is a result of the global economic recovery following the 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."