Coal climbed toward $140 per ton, approaching its strongest levels since November 2024 as fears of prolonged global supply disruptions from the Middle East conflict pushed energy prices higher. Brent crude futures surged back above $100 a barrel after Iran’s new supreme leader, Mojtaba Khamenei, pledged to keep the Strait of Hormuz effectively closed while Tehran intensified attacks on regional oil and transport facilities. US President Donald Trump also said preventing Iran from obtaining nuclear weapons and threatening the Middle East is more important than the cost of oil. Meanwhile, several major energy traders have begun declaring force majeure to customers after Qatar’s LNG shutdown rippled through global gas markets. Supply shocks in oil and gas typically increase demand for fuel switching in the power sector. With many Asian economies reliant on Qatari LNG, the region may be forced to ramp up coal-fired power generation if the disruption persists.

Coal fell to 137.30 USD/T on March 13, 2026, down 1.05% from the previous day. Over the past month, Coal's price has risen 18.11%, and is up 36.28% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Coal reached an all time high of 457.80 in September of 2022. Coal - data, forecasts, historical chart - was last updated on March 15 of 2026.

Coal fell to 137.30 USD/T on March 13, 2026, down 1.05% from the previous day. Over the past month, Coal's price has risen 18.11%, and is up 36.28% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Coal is expected to trade at 137.74 USD/MT by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 146.88 in 12 months time.



Price Day Month Year Date
Crude Oil 98.71 2.980 3.11% 58.37% 46.93% Mar/13
Brent 103.14 2.680 2.67% 50.16% 46.13% Mar/13
Natural gas 3.13 -0.1020 -3.16% 3.30% -23.71% Mar/13
Heating Oil 4.01 0.1158 2.97% 67.94% 85.34% Mar/13
Coal 137.30 -1.45 -1.05% 18.11% 36.28% Mar/13
TTF Gas 50.12 -0.76 -1.48% 62.17% 18.62% Mar/13
UK Gas 127.79 -1.5600 -1.21% 76.14% 23.71% Mar/13
Bitumen 4,235.00 176.00 4.34% 26.12% 20.28% Mar/13
Ethanol 1.90 0.0225 1.20% 14.50% 8.91% Mar/13
Uranium 85.65 -0.0500 -0.06% -3.55% 34.25% Mar/13
Cobalt 56,290.00 0 0% 0% 67.70% Mar/12
Lead 1,894.98 -43.85 -2.26% -2.97% -8.67% Mar/13
Aluminum 3,420.00 -99.35 -2.82% 12.30% 27.52% Mar/13
Tin 49,388.00 -259 -0.52% 5.75% 37.57% Mar/12
Zinc 3,290.30 -26.20 -0.79% -0.01% 10.45% Mar/13
Nickel 17,320.00 -445 -2.50% 1.05% 4.65% Mar/13
Palladium 1,580.00 -68.00 -4.13% -10.63% 65.01% Mar/13


Coal
Coal futures are available for trading in the Intercontinental Exchange and on the New York Mercantile Exchange. The standard GC Newcastle contact listed on ICE weights 1,000 metric tonnes. Coal is the major fuel used for generating electricity worldwide. The biggest producer and consumer of coal is China. Other big producers include: United States, India, Australia, Indonesia, Russia, South Africa, Germany and Poland. The biggest exporters of coal are: Indonesia, Australia, Russia, United States, Colombia, South Africa and Kazakhstan. Coal prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our coal prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. Trading Economics does not verify any data and disclaims any obligation to do so.
Actual Previous Highest Lowest Dates Unit Frequency
137.30 138.75 457.80 48.40 2008 - 2026 USD/MT Daily

News Stream
Coal Resumes Rally on Surging Energy Prices
Coal climbed toward $140 per ton, approaching its strongest levels since November 2024 as fears of prolonged global supply disruptions from the Middle East conflict pushed energy prices higher. Brent crude futures surged back above $100 a barrel after Iran’s new supreme leader, Mojtaba Khamenei, pledged to keep the Strait of Hormuz effectively closed while Tehran intensified attacks on regional oil and transport facilities. US President Donald Trump also said preventing Iran from obtaining nuclear weapons and threatening the Middle East is more important than the cost of oil. Meanwhile, several major energy traders have begun declaring force majeure to customers after Qatar’s LNG shutdown rippled through global gas markets. Supply shocks in oil and gas typically increase demand for fuel switching in the power sector. With many Asian economies reliant on Qatari LNG, the region may be forced to ramp up coal-fired power generation if the disruption persists.
2026-03-13
Coal Retreats on Falling Oil Prices
Coal prices retreated toward $130 per ton after surging to as high as $150 earlier in the week, as falling oil prices eased fears of prolonged global energy supply disruptions. Oil prices dropped back below $90 per barrel as the US and other major economies moved to curb energy costs. However, hostilities in the Middle East continued with no clear end in sight and the Strait of Hormuz remained effectively shut. Meanwhile, the largest LNG export plant in Qatar has halted shipments for five consecutive days, the longest stretch since 2008, raising the risk of further gains in fuel prices. Supply shocks in oil and gas typically increase demand for fuel switching in the power sector. With many Asian economies reliant on Qatari LNG, the region may be forced to ramp up coal-fired power generation if the disruption persists. Coal resources are also gaining strategic importance for China, both as an energy buffer and as a key feedstock for the chemical industry.
2026-03-11
Coal is down by 8.83%
Coal decreased 8.83% to 131.1 USD/T
2026-03-10