The globalCOAL Newcastle Index took an 11% jump in November to US$79.55/MT.
Here’s my tracking chart of this index of Asian coal prices:
But even with the 11% uptick, we are still almost 60% off the highs of the last 2 years. And trailing 12-month volatility has dropped significantly, running only about 10%, down from 17% earlier.
The running average price over the past 22 months is right at $100/ton. You can grab my spreadsheet here.
So where will coal prices go in 2010? Who knows.