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In March we survey for Quarter-by-Quarter Forecasts for the G7, Western Europe and Asia Pacific economies.
In April we poll for Long-Term 5-10 year forecasts for the G7, Asia Pacific and Latin American economies; those for Eastern Europe feature in March.
The April edition of Energy & Metals Consensus Forecasts includes a Special Analysis of Seasonal Commodity Price Patterns.
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In our July surveys, we evaluate global monetary and fiscal policy conditions and assess likely policy directions over the next 12 months.
The July edition of Energy & Metals Consensus Forecasts will feature a Special Survey on Factors Affecting Commodity Prices.
In September we poll for Quarter-by-Quarter Forecasts for the G7, Western Europe and Asia Pacific economies.
In October we survey for Long-Term 5-10 year forecasts for the G7, Asia Pacific and Latin American economies; those for Eastern Europe feature in September.
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Long-term 200 year forecasts for the G7, Asia Pacific and Latin American economies.
Long-term -10 year forecasts for the G7, Asia Pacific and Latin American economies.
Long-term 5-10 year forecasts for the G7, Asia Pacific and Latin American economies.
Long-term 5-10 year forecasts for the G7, Asia Pacific and Latin American economies.
Long-term 5-10 year forecasts for the G7, Asia Pacific and Latin American economies.
Long-term 5-10 year forecasts for the G7, Asia Pacific and Latin American economies.
Energy & Metals Consensus Forecasts is the result of a comprehensive quarterly survey of over 30 of the world’s most prominent commodity forecasters covering over 25 individual commodity price forecasts including coal.
The only publication of its kind, Energy & Metals Consensus Forecasts contains detailed individual analyst and average (mean) price forecasts for the next 10 quarters as well as the long-term outlook.

The publication has many practical uses including commodity investment analysis, risk management, corporate planning, and budgeting. The commodities covered have been selected for their global appeal and traded on prominent futures markets such as the London Metal Exchange (LME), New York Mercantile Exchange (NYMEX) and InterContinental Exchange (ICE). The coal price forecasts below are based on Australian-Japanese contract prices for Australian hard coking coal and Australian steaming coal with a calorific value of 6700kcal/kg.
| Australian
Coking Coal Forecasts From Survey of October 24, 2011 (US$/tonne) |
||||||||||
| Consensus Price for Q4 2011: US$284.2e |
Dec 11 | Mar 12 | Jun 12 |
Sep 12 | % Change from spot | Dec 12 | Mar 13 | Jun 13 | Sep 13 | Dec 13 |
| RBS | 285.0 | 305.0 | 305.0 | 305.0 | 7.3% | Download the sample issue | ||||
| Deutsche Bank | 285.0 | 275.0 | 275.0 | 275.0 | -3.2% | below to see the complete table | ||||
| Citigroup | 285.0 | 280.0 | 280.0 | 270.0 | -5.0% | of forecasts, price charts, | ||||
| Investec | na | 260.0 | 260.0 | 260.0 | -8.5% | and written analysis. | ||||
| Macquarie Bank | 285.0 | 280.0 | 290.0 | 260.0 | -8.5% | |||||
| Credit Suisse | 285.0 | 250.0 | 250.0 | 250.0 | -12.0% | |||||
| Deloitte Access Economics | 275.0 | 260.0 | 260.0 | 250.0 | -12.0% | |||||
| Morgan Stanley | 285.0 | 272.0 | 260.0 | 250.0 | -12.0% | |||||
| Wilson HTM | 285.0 | 260.0 | 250.0 | 250.0 | -12.0% | |||||
| BoA Merrill Lynch | 285.0 | 270.0 | 250.0 | 240.0 | -15.5% | |||||
| BREE | 285.0 | 265.0 | 250.0 | 240.0 | -15.5% | |||||
| ANZ | 285.0 | 235.0 | 240.0 | 220.0 | -22.6% | |||||
| UBS | 285.0 | 230.0 | 210.0 | 190.0 | -33.1% | |||||
| Consensus (Mean) | 284.2 | 264.8 | 260.0 | 250.8 | -11.8% | |||||
| High | 285.0 | 305.0 | 305.0 | 305.0 | - | |||||
| Low | 275.0 | 230.0 | 210.0 | 190.0 | - | |||||
| Standard Deviation | 2.9 | 19.7 | 23.9 | 27.3 | - | |||||
| Australian
Steaming Coal Forecasts From Survey of October 24, 2011 (US$/tonne) |
||||||||||
| Consensus Price for Q4 2011: US$125.7e | Dec 11 | Mar 12 | Jun 12 |
Sep 12 | % Change from spot | Dec 12 | Mar 13 | Jun 13 | Sep 13 | Dec 13 |
| Citigroup | 129.85 | 129.85 | 141.85 | 141.85 | 12.9% | Download the sample issue | ||||
| Deutsche Bank | 130.00 | 130.00 | 140.00 | 140.00 | 11.4% | below to see the complete table | ||||
| BIPE | 123.00 | 127.00 | 127.00 | 130.00 | 3.4% | of forecasts, price charts, | ||||
| Credit Suisse | 120.00 | 125.00 | 125.00 | 130.00 | 3.4% | and written analysis. | ||||
| Macquarie Bank | 129.85 | 129.85 | 130.00 | 130.00 | 3.4% | |||||
| ANZ | 130.00 | 130.00 | 125.00 | 125.00 | -0.5% | |||||
| BoA Merrill Lynch | 130.00 | 130.00 | 125.00 | 125.00 | -0.5% | |||||
| Investec | na | 127.50 | 127.50 | 125.00 | -0.5% | |||||
| Morgan Stanley | 129.85 | 129.85 | 125.00 | 125.00 | -0.5% | |||||
| Wilson HTM | 126.50 | 126.50 | 120.00 | 125.00 | -0.5% | |||||
| BREE | 129.85 | 129.85 | 117.00 | 117.00 | -6.9% | |||||
| Barclays Capital | 123.00 | 115.00 | 115.00 | 115.00 | -8.5% | |||||
| RBS | 120.00 | 120.00 | 115.00 | 115.00 | -8.5% | |||||
| Econ Intelligence Unit | 112.00 | 112.00 | 115.00 | 110.00 | -12.5% | |||||
| Consensus (Mean) | 125.68 | 125.89 | 124.88 | 125.28 | -0.3% | |||||
| High | 130.00 | 130.00 | 141.85 | 141.85 | - | |||||
| Low | 112.00 | 112.00 | 115.00 | 110.00 | - | |||||
| Standard Deviation | 5.72 | 5.98 | 8.47 | 9.08 | - | |||||
The table above shows a portion of coal price forecasts taken from the October 2011 issue of Energy & Metals Consensus Forecasts. A complete sample issue of the publication, which also includes Consensus Forecasts for Crude Oil, Gasoline & Heating Oil, Natural Gas, Coal and Uranium, as well as base, ferrous and precious metals, can be downloaded in PDF format by clicking the link below and registering your details.
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