Indicative low calorific (< 4 500 kcal/kg) thermal coal FOB supply curve 2019 and average FOB marker prices

Sources

Adapted from CRU (2020), Thermal Cost Model (database); IHS Markit (2020), Coal Price Data and Indexes.

Notes

The cost curves account for variable production costs, overburden removal, royalties, inland transportation and port usage fees. The annual average FOB marker price is based on the monthly average index from Australian prime hard coking coal (HCC). The 2020 price is based on the monthly average January-October.