Newcastle Coal Price Rises to US$198 per Ton (Thursday, May 4, 2023)

Agus Dwi Darmawan 04/05/2023 13:51 WIB

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

Newcastle Coal Price Movement Over the Last 14 Days (Thursday, May 4, 2023)

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Newcastle Coal Price Rises to US$198 per Ton (Thursday, May 4, 2023)

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Newcastle Coal Price Movement Over the Last 14 Days (Thursday, May 4, 2023)

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As of 1:16 PM WIB today, Thursday, May 4, 2023, the price of Newcastle coal is US$198 per ton. This represents a 9.63% increase compared to the previous day's closing price of US$180.6 per ton.

According to investing.com, the price of Newcastle coal has risen 4.13% in the past week. Compared to 30 days ago, the price has increased by 12.12%.

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

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

"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."