Anthracite Coal Price Trend and Forecast

Anthracite Coal Regional Price Overview

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 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.
 

Anthracite Coal Price Chart

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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.