Coal price outlook 2025: near-term dip, long-term upturn

Since the Jun/Jul bulletin set 2025 consensus around Newcastle ~US$119/t and HCC ~US$190/t, with LT anchors near US$136/t (Newcastle) and US$203/t (HCC) and AUD/USD ~0.65, spot/curves are a touch softer while FX is broadly on script: Newcastle front contracts ~US$106–109/t, API2 Q4 strips ~US$95–97/t, and AUD/USD ~0.655. Net: the report’s “near-term trim, firmer long-term” narrative remains valid, but readers should […]