Global monthly coal price index 2022-2024
The global coal price index reached 163.51 index points in February 2024. This was a decrease compared to the previous months and follows a general trend of decline. Throughout 2022 coal prices saw a significant net increase. This was largely due to greater fuel and electricity demand as countries slowly exited more stringent coronavirus restrictions as well as fallout from the Russia-Ukraine war. As many European countries moved to curtailing gas imports from Russia, coal became the alternative choice to fill the power supply gap, driving up prices.