Coal Prices Jump as Qatar LNG Halt Boosts Fuel-Switching Needs

Power-station coal prices jumped the most in three years as an unprecedented shutdown of Qatar’s liquefied natural gas plant raised the needs for fuel-switching in the electricity sector.

Newcastle coal futures, the Asian benchmark, jumped 8.6% to $128.70 a ton on Monday. That was the highest price for a front-month contract since December 2024.