Weekly API2 Rotterdam coal prices 2022-2024
API2 Rotterdam coal futures amounted to 118.65 U.S. dollars per 1,000 metric tons on April 22, 2024 for contracts with delivery in April 2024. Prices have been increasing from March onward as a result of lower coal exports from Russia, which are expected to result in a tightening of global supply.
API2 Rotterdam is a Europe-wide coal price benchmark. Import prices for thermal coal became more volatile in the latter half of 2021 following an energy supply shortage. These supply issues were further exacerbated following the Russia-Ukraine war and European Union sanctions on Russian coal imports adopted in early April 2022. Many EU countries have a Russian coal import dependency that exceeds 50 percent.