Newcastle Coal Price Rises to US$178.2 per Ton (Thursday, May 11, 2023)

As of 1:16 PM WIB on Thursday, May 11, 2023, the price of Newcastle coal is US$178.2 per ton. This represents a 6.74% increase compared to the previous day's closing price of US$166.95 per ton.

According to investing.com, the price of Newcastle coal has decreased by 1.33% over the past week. Compared to 30 days ago, the price is down by 8.03%.

However, over the past year, Newcastle coal prices have shown a downward trend. The previous record high reached US$457.8 per ton.

From January to May 2023, Newcastle coal prices have shown a downward trend, decreasing by 54.31% compared to the beginning of the year, when it was 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, which has impacted global Newcastle 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 following the COVID-19 pandemic.