The year 2015 was a difficult year for coal. The International coal prices in 2015 experienced notable decrease compared to the previous year. Average Global Coal Newcastle price for 2015 was US$ 59.19 per tonne, 17% lower compared to its 2014 average. Despite the lower average price, coal supply remained abundant in the global seaborne market. Weaker oil price, lower sea freight rates and currency depreciation in major coal producing countries have lowered overall production cost and enabled coal producers to continue operations despite the pressure of declining coal price.
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