Thermal Coal / COA.NEW

Newcastle benchmark thermal coal, the marker for Asian power-station fuel. Watched for winter demand and Chinese import policy. At the latest reading, Thermal Coal prints a spot of $126/t — a move of ▲0.40% over the past twenty-four hours and ▼3.20% across the trailing thirty days.

The v3.2 stress index places COA.NEW at 0.58 — a watch reading on a composite that blends price momentum, inventory cover, supplier concentration and geopolitical exposure. The metric is recomputed on every ingestion cycle, and the weekly delta is the line worth tracking rather than the absolute level.

For operators, the question is not the spot itself but the buffer behind it. A tightening reading on Thermal Coal compounds with any incident on a shared transit route or producer, and the cascade is rarely linear. The scenarios below carry COA.NEW as an explicit input — each one is wargamed and reviewed against this commodity's exposure profile.