CommoditiesMedium•15 October 2026•
1 min read
Asian Coal Prices Hit Two-Year Highs on Winter Stockpiling and Supply Gaps
Key Facts
1Asian thermal coal prices have climbed to two-year highs as utilities stockpile fuel ahead of the Northern Hemisphere winter.
2Newcastle coal futures are up more than 40% year-to-date, driven by disruptions in natural gas and crude markets.
3China's coal output fell more than 3% in the first eight months of the year following safety inspections and mine shutdowns.
Asian thermal coal prices have climbed to two-year highs as utilities stockpile fuel ahead of the Northern Hemisphere winter. Newcastle coal futures are up more than 40% year-to-date, driven by disruptions in natural gas and crude markets linked to conflicts in Ukraine and the Strait of Hormuz, according to reports from ZeroHedge.
China's coal output fell more than 3% in the first eight months of 2026 following safety inspections and mine shutdowns, Bloomberg reported. In equity markets, MS closed at $181.51 on October 14, 2026, while GS closed at $878.72 and JPM closed at $335.28 on the same date.