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Newcastle coal futures consolidated around $400 per tonne in the second trading week of March, just 35 dollars shy of its record peak as mounting sanctions on Russia for invading Ukraine led to an international energy crunch and exacerbated concerns over the commodity's supply. The US announced a ban on imports of Russian oil, a move that threatened supply chains and heaped further inflationary pressure on economies worldwide. On top of that, limited access to European ports led to a rush by utilities in Asia and Europe to find alternative suppliers, such as Australia. Coal prices have more than doubled in value since the beginning of 2022, with earlier bullish sentiment already fueled by supply disruptions in top exporting countries such as Indonesia and Australia. Historically, Coal reached an all time high of 435 in March of 2022.


	Coal - 2022 Data - 2008-2021 Historical - 2023 Forecast - Price - Quote - Chart


https://tradingeconomics.com/commodity/coal


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