Coal prices rose towards $85 per tonne in December, extending its rally to a level not seen since May of 2019 amid expectations of higher restocking levels in China to fuel the country’s power stations. On the bullish side were also a robust demand outlook for 2021, with coal consumption set for a rebound of almost 3% in 2020 as the world’s heavy industry recovers from the pandemic crisis, the International Energy Agency said.
Historically, Coal reached an all time high of 139.05 in January of 2011. Coal - data, forecasts, historical chart - was last updated on December of 2020.
Coal is expected to trade at 81.09 USD/MT by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 72.75 in 12 months time.