Anthracite coal price trends in 2024 reflected a mixed pattern as fluctuating industrial demand, shifting energy preferences, and supply-side disruptions influenced pricing across global markets. As one of the highest-grade coal types used in steelmaking, metallurgy, power generation, and carbon products, anthracite coal remains sensitive to changes in both regional and international energy landscapes. The latest pricing data for CC-90%, 10–30 mm grade (CIF VIZAG) indicates contrasting movements through the fourth quarter of 2024, underscoring the complex dynamics shaping the market ahead of 2025.In October 2024, anthracite coal prices stood at USD 175/MT, a slight 1% increase YoY from USD 174/MT in October 2023. This marginal rise reflected stable demand from the metal processing industry and steady procurement from key importers. While overall energy markets saw easing prices, anthracite maintained strength due to its superior carbon content and efficiency, keeping demand relatively firm in select industrial applications. Regional supply constraints in certain exporting countries also contributed to mild upward pressure.
However, the market turned sharply in November 2024, with prices dropping to USD 165/MT, marking a substantial 15% YoY decline compared to USD 195/MT in November 2023. This decline was driven primarily by a downturn in global steel production and a broader shift toward alternative fuels in some markets. Additionally, improved supply availability and reduced freight bottlenecks allowed importers to secure material at more favourable rates. The softened demand environment weighed heavily on prices, making November one of the most significant downside months of the year.
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In December 2024, anthracite coal prices remained at USD 165/MT, registering a 12% YoY decrease from USD 187/MT in December 2023. The continued weakness reflected persistent oversupply conditions and uncertain demand outlooks as industries navigated slow year-end operations. Despite this, some regions reported sporadic supply disruptions due to weather-related mining challenges, although these were not significant enough to alter the broader downward trend.
According to Expert Market Research’s forecast for 2025, anthracite coal prices may remain mixed, with regional price spikes possible due to supply disruptions, geopolitical constraints, and shifting patterns in industrial energy consumption. While some heavy industries are expected to recover gradually, the global trend toward cleaner energy alternatives may cap aggressive price growth. Markets such as South Asia, which continue to rely on anthracite for metallurgical applications, could see intermittent price firmness depending on regional demand.
As global industries prepare for 2025, buyers and suppliers are encouraged to closely monitor supply chain volatility, energy policy changes, and production trends that could shape anthracite coal price movements through the year.