JAKARTA — Coal prices are rebounding from a four-year low and are forecast to increase significantly from 2027 onward, driven by rising demand in Asia and limited new supplies, analysts said in Jakarta this week.
The benchmark Newcastle futures for thermal coal rose to $105 per metric ton in early June, recovering from a low of $94 in late April. That was the lowest price since 2021 and it was dragged down by concerns over China’s declining power consumption due to the trade war waged by U.S. President Donald Trump.
