Australian coal price forecasts signal a steady medium-term outlook
December 2, 2025
Coal prices fell sharply in 2023, with API 2 prices ending the year just above $100/t. Supply disruption last year was less severe than in 2021-2022, while demand in the Atlantic markets was suppressed by coal-to-gas fuel switching. This briefing looks at what to expect in the global thermal coal markets for 2024.
