Newcastle Coal Price Rises to US$166.5 per Ton (Tuesday, May 30, 2023)

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Agus Dwi Darmawan 30/05/2023 13:43 WIB

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Other commodity factors, such as the increase in natural gas prices, also affect the global Newcastle coal price.

Newcastle Coal Price Movement Over the Last 14 Days (Tuesday, May 30, 2023)

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Newcastle Coal Price Rises to US$166.5 per Ton (Tuesday, May 30, 2023)

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Newcastle Coal Price Movement Over the Last 14 Days (Tuesday, May 30, 2023)

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Newcastle coal price as of 1:16 PM WIB today, Tuesday, May 30, 2023, reached US$166.5 per ton. This represents an 18.38% increase compared to the previous day's closing price of US$140.65 per ton.

According to investing.com, the Newcastle coal price has increased by 3.84% in the past week. However, compared to 30 days ago, the price is still lower by -12.37%.

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

For the period January-May 2023, Newcastle coal prices showed a downward trend, decreasing by -57.31% compared to the beginning of the year, which stood at US$390 per ton.

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