First Quarter of 2023 in Asia Pacific Coal Prices - Marine Parade

The first quarter of 2023 saw a decline in Coal prices on the American market. At the end of the quarter, the price for brown Coal FOB Norfolk (USA) was estimated to be USD 135/MT. However, the United States saw an 8% decrease in coal consumption in this quarter as a result of less pronounced natural gas price increases than in Europe. This made it more difficult for the United States to switch from Coal to gas for the purpose of producing electricity. In fact, the price of coal futures is considerably lower in 2023 than it was in 2022. However, further trade diversions could impede the decline in coal prices by raising transportation costs.