Coal prices declined in all regions for the fourth consecutive year
Weak demand drove global coal prices down by 30% in 2015. The price level remained the lowest in North America and highest in Japan. The steam coal price differential between Asia and North America rose from $3/t in 2014 to $7/t, and the spread between Northwest Europe and North America rose from $9/t to $10/t.
Coal prices ($ per tonne)
Annual prices quoted include the Northwest Europe marker price, Japan steam and coking coal import prices, and the US Central Appalachian coal spot price index. Coal prices except for the US Central Appalachian price are calculated as cif prices, where cif = cost + insurance + freight (average freight prices). The US Central Appalachian price is fob = free on board. All prices are quoted in US dollars per tonne.