Newcastle Coal Price Rises to US$178.5 per Ton (Thursday, March 16, 2023)

Agus Dwi Darmawan 16/03/2023 13:47 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, March 16, 2023)

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Newcastle Coal Price Rises to US$178.5 per Ton (Thursday, March 16, 2023)

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Newcastle Coal Price Movement Over the Last 14 Days (Thursday, March 16, 2023)

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As of 1:16 PM WIB today, Thursday, March 16, 2023, the Newcastle coal price is US$178.5 per ton. This represents a two percent increase compared to the previous day's closing price of US$175 per ton.

According to investing.com, the Newcastle coal price has decreased by 0.56% over the past week. Compared to the price 30 days ago, it is down by 20.84%.

However, over the past year, the Newcastle coal price has shown a downward trend. Its previous high reached US$457.8 per ton.

From January to March 2023, the Newcastle coal price has experienced a downward trend, falling by 54.23% from its year-start level of US$390 per ton.

This increase in the Newcastle coal price 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.

"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."