Fitch Solutions expects Newcastle thermal coal prices to average $US280 per tonne in 2023, down from the $US358 per tonne average of 2022, which resulted from a supply squeeze in the wake of Russia’s invasion of Ukraine.“
Our forecast for 2023 implies that prices are likely to get a boost from current levels in the coming months, as energy needs increase in summer and later on in the winter months, but remain significantly below the highs reached in 2022,”
Fitch said in a recent report.Fitch expects thermal coal prices to average $US250 per tonne in 2024, $US200 per tonne in 2025, $US180 per tonne in 2026 and $US150 per tonne in 2027.
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