The price of thermal coal in China, grade 5,500 kcal/kg on January 8 was 853.8 yuan/ton ($134/ton), up nearly 4% year-to-date. The price of gas in the UK on January 7 was 201.5 British cents/therm, down 14.3% compared to January 6.
The price of coal exported at the port of Newcastle, Australia on January 7 was at $195/ton, 1% higher than on January 6. Since the beginning of this year, the price of this item has increased by 15%. This item once recorded a record level of 269.5 USD/ton in October 2021.
Evolution of coal prices at the port of Newcastle, Australia. Source: Trading Economics
The price of this commodity went up after the Indonesian Ministry of Energy and Minerals announced a temporary ban on coal exports from January 1 to January 31. Indonesia is an important source of coal for China after Australia did not export this item to Beijing. Meanwhile, many European countries have begun to use coal to replace gas because of high gas prices. The price of thermal coal in China, grade 5,500 kcal/kg on January 8 is 853.8 yuan/ton. $134/ton), up nearly 4% from the beginning of the year.
Meanwhile, the price of gas on the Dutch TTF floor on January 7 was at 83.4 euros/mwh, down 13.6% compared to January 6. However, since the beginning of the year, this item has still increased by 18.6%.
 Gas prices in the UK. Source: Trading Economics |
The price of gas in the UK on January 7 was 201.5 British cents/therm, down 14.3% compared to January 6. Gas once recorded a record 429.1 British cents/therm on December 21, 2021.
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