Anthracite Coal Price Trend and Forecast
Get the latest insights on price movement and trend analysis of Anthracite Coal in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Anthracite Coal Price Trend for the Year 2024
Asia
Throughout 2024, anthracite coal prices in the Asia-Pacific region showed notable volatility. The first quarter began with downward pressure as abundant stockpiles in China and India suppressed prices. Chinese markets struggled with surging domestic production while demand remained tepid. By the second quarter, the market recovered with moderate price increases, driven by higher industrial demand and inventory replenishment before summer.
Anthracite Coal Price Chart
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The third quarter saw a slight downward correction as supply improved, though Japan experienced a modest uptick against regional trends due to Australian logistics issues. The year closed with stabilization as China's strategic purchasing and India's pre-festive season buying balanced typical year-end slowdowns. Throughout 2024, buyers maintained minimal inventories and used tactical purchasing strategies in response to market uncertainty.
Europe
European anthracite coal markets faced persistent downward pressure throughout 2024 as the region accelerated its energy transition. The first quarter established this trend with declining prices due to warmer weather and weak industrial demand. This bearish sentiment continued despite occasional seasonal fluctuations. Substantial existing inventories easily met limited demand, while EU carbon pricing and renewable energy targets further eroded coal's market position. The third quarter brought slight price volatility from supply constraints, but the fundamental downward trend persisted. By the fourth quarter, the decline moderated as utilities increasingly shifted toward natural gas and renewable alternatives.
North America
The North American anthracite coal market displayed a complex pattern in 2024, alternating between strength and weakness. The year began with declining prices due to warmer weather forecasts and reduced domestic demand. The second quarter brought significant improvement as export opportunities to Asia expanded and domestic inventories tightened. This upward momentum continued through summer with seasonal electricity demand supporting prices. The fourth quarter reversed this trend as demand from power generation and steel production weakened considerably.
Future Outlook
According to Procurement Resource, some short-term price volatility in Anthracite Coal market would likely persist from seasonal factors and supply disruptions. However, the long-term trajectory is pointing downward with renewable energy expansion and natural gas competition intensifying across all major markets.
Anthracite Coal Price Trend for the Second Half of 2023
Asia
In the second half of 2023, anthracite coal prices in Asia displayed a mixed trend. The third quarter witnessed a notable price escalation, particularly in Australia compared to China, driven by heightened industrial demand. China's domestic market experienced steady growth in coal consumption despite environmental concerns. By the fourth quarter, Asian coal imports reached record levels with China leading at over 32 million tons.
However, price increases remained minimal despite this surge in demand, largely due to increased exports from Indonesia and Australia flooding Asian markets. India strategically diversified its supplier base, turning to alternatives like South Africa and Japan, which helped maintain market balance.
Europe
European anthracite coal markets struggled throughout the second half of 2023. The third quarter saw some price support from increased overseas interest and rising domestic electricity demand, but this momentum failed to sustain into the fourth quarter. By year-end, European coal faced significant downward pressure as consumers contracted their purchasing activities amid sliding economic conditions.
The energy sector remained volatile as countries navigated economic challenges. Market oversupply became evident as ports received excessive vessel arrivals while domestic inventories were already abundant. This combination of high supply and tepid demand kept prices trending downward throughout the fourth quarter.
North America
North American anthracite coal markets showed strength in the third quarter, owing to increased procurement from both the electricity sector and overseas industries. The positive market outlook in Asia-Pacific and European regions initially helped drive North American exports and supported higher prices. However, this trend reversed in the fourth quarter as demand softened considerably.
Milder weather forecasts in both the US and Europe reduced energy needs, while persistent market oversupply and manufacturers' reluctance to cut production rates weighed heavily on prices. Additionally, competition from South African coal imports and declining pet coke prices further pressured the North American anthracite market.
Future Outlook
According to Procurement Resource, Anthracite Coal prices are expected to continue facing downward pressure in early 2024, with any potential recovery highly dependent on derivative product demand such as naphtha and natural gas.
Anthracite Coal Price Trend for the First Half of 2023
Asia
In the Asia Pacific region, the anthracite coal market faced significant contraction due to weak demand and the mounting pressure of increasing currency exchange rates in the midst of struggling economic conditions.
During the first and second quarters, mining activities accelerated, leading to a surplus of anthracite coal in the market. However, the downstream industries did not generate enough demand to absorb this excess supply. Furthermore, the opening of several new mines exacerbated the oversupply issue, causing a notable decline in anthracite coal prices in the region.
Europe
The fluctuating consumer purchasing patterns and an abundance of anthracite coal supply in European nations hindered the upward trajectory of anthracite coal prices. In the first quarter, decreasing energy prices and a shortage of labor contributed to the decline in anthracite coal prices.
The second quarter saw a significant drop in prices, particularly in May. European countries began shifting toward more environmentally sustainable anthracite coal substitutes, leading to a decrease in new orders and, consequently, a widespread decline in anthracite coal prices during the second quarter of 2023.
North America
The anthracite coal market in North America experienced a consistent problem of surplus product availability throughout the first and second quarters of 2023. Despite weak demand, mining and extraction activities continued to expand, exacerbating the oversupply issue. Towards the end of the quarter, the downstream market activities, especially in the steel and power production industries, lent support to the anthracite coal market. With a surge in electricity demand, anthracite coal prices stabilized in the latter part of the second quarter.
Analyst Insight
According to Procurement Resource, the price trend of Anthracite Coal is expected to witness an inclining trajectory. The major contributing factors in this overturn of the existing trend are estimated to be the surge in electricity production activities and the strengthening of supply chains.
Procurement Resource provides latest prices of Anthracite Coal. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
Anthracite coal is a high rank, hard coal that has high carbon content and low volatility with a glossy appearance. It has high energy content that makes it an efficient and clean fuel. Because of its durability and hardness, it is used in many industrial processes, including the manufacturing of steel, electricity, water filtration, and heat for domestic heating.
Report Features | Details |
Product Name | Anthracite Coal |
Industrial Uses | Electricity generation, Steel production, Domestic heating, Water filtration, Carbon electrodes, Brickmaking, Air and water purification |
CAS Number | 8029-10-5 |
HS Code | 27011100 |
Supplier Database | Bathrust Resources, Cokal Ltd, Attila resources, Carabella Resources Ltd, TIGERS REALM COAL LIMITED, Jameson Resources, Aspire Mining Limited, Aberdeen International Inc, Blaschak Coal Corp, ZINOJI COAL |
Region/Countries Covered | Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
Currency | US$ (Data can also be provided in local currency) |
Supplier Database Availability | Yes |
Customization Scope | The report can be customized as per the requirements of the customer |
Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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