The price of Newcastle coal today until 13.16 WIB is at the level of US$ 214 per tonne data as of Sunday, 19 February 2023. The price of Newcastle coal is up 2.22% compared to the previous day’s closing which was traded at US$ 209.35 per ton .
As stated on investing.com, newcastle coal prices began to fall 5.35% in the week. Meanwhile, when compared to the previous 30 days, Newcastle coal prices were still lower -45.48%.
However, for a year’s data span, Newcastle coal has actually experienced a decline. The previous highest record had touched the level of US$ 457.8 per ton.
For the January-February 2023 period, Newcastle coal prices experienced a downward trend, moving -45.13% compared to conditions at the beginning of the year which were at the level of US$ 390 per ton.
The increase in Newcastle coal prices was influenced by the arrival of winter and the newcastle coal price crisis in China which had an impact on global Newcastle coal prices. Other commodity factors, such as rising natural gas prices, also had an effect on global Newcastle coal prices. The increase in basic commodity prices was the result of the global economic recovery after the Covid-19 pandemic.
