Wholesale Coal Price has fallen 75%

mich598
mich598 Posts: 8 Forumite
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Should we expect Smokeless coal to come down too?
If so how long will it take to reflect in store?
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  • Mstty
    Mstty Posts: 4,209 Forumite
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    edited 11 May 2023 at 5:06AM
    Well everyone that has stock now will have bought high so that will have to be shifted at current prices.

    Not many will be using any coal now domestically til October/November so if prices rise back up for then probably little to no reduction.

    Fast to rise slow to fall.
  • dunstonh
    dunstonh Posts: 116,224 Forumite
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    You may wish to get the thread moved to the right section, i.e. alternative fuels subforum.   More alternative fuel users in there.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • MSE_ForumTeam5
    MSE_ForumTeam5 Posts: 951 Community Admin
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    We've moved the thread to the appropriate board
    Official MSE Forum Team member. Please use the 'report' button to alert us to problem posts, or email forumteam@moneysavingexpert.com
  • A._Badger
    A._Badger Posts: 5,850 Forumite
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    mich598 said:
    Should we expect Smokeless coal to come down too?
    If so how long will it take to reflect in store?
    Despite this, the jesters at Coals2u emailed today about their 'summer sale' in which they are trying to get a stunning £700 a metric ton for the type of smokeless that I use. Why, that's only about double what I paid for the same product a couple of years ago.
  • FreeBear
    FreeBear Posts: 14,560 Forumite
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    A._Badger said:
    mich598 said:
    Should we expect Smokeless coal to come down too?
    If so how long will it take to reflect in store?
    Despite this, the jesters at Coals2u emailed today about their 'summer sale' in which they are trying to get a stunning £700 a metric ton for the type of smokeless that I use. Why, that's only about double what I paid for the same product a couple of years ago.
    But you do get to save up to £100....
    I was going to order some smokeless myself, but will wait and see if the prices drop. If not, I've got plenty of logs in the wood store.
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  • Olly_J
    Olly_J Posts: 59 Forumite
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    Assume there should be some price reductions at some point, as coal is trading at $120 ton wholesale now, which puts it back to where it traded in June 2021, obviously not sure how this works on the UK market, but I imagine it should have all dropped back. Probably just needs one of the suppliers to cut prices and the rest will follow, but at the moment they will make a big margin on new stock
  • A._Badger
    A._Badger Posts: 5,850 Forumite
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    FreeBear said:
    A._Badger said:
    mich598 said:
    Should we expect Smokeless coal to come down too?
    If so how long will it take to reflect in store?
    Despite this, the jesters at Coals2u emailed today about their 'summer sale' in which they are trying to get a stunning £700 a metric ton for the type of smokeless that I use. Why, that's only about double what I paid for the same product a couple of years ago.
    But you do get to save up to £100....
    I was going to order some smokeless myself, but will wait and see if the prices drop. If not, I've got plenty of logs in the wood store.
    I wouldn't have bought from them anyway, housefuel.co.uk being considerably cheaper even without a sale. Even so, their prices are more or less dictated by the same manufacturer (Coal2u's parent company), so they are only somewhat cheaper.

    Frankly, I doubt there will be much of a reduction whatever happens on the wholesale market. As with food prices, they go up like a rocket but only ever seem to drop back a little.   
  • A._Badger
    A._Badger Posts: 5,850 Forumite
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    Olly_J said:
    Assume there should be some price reductions at some point, as coal is trading at $120 ton wholesale now, which puts it back to where it traded in June 2021, obviously not sure how this works on the UK market, but I imagine it should have all dropped back. Probably just needs one of the suppliers to cut prices and the rest will follow, but at the moment they will make a big margin on new stock
    You'd probably be right if there was any real competition in this market but, sadly, there isn't. Most of the smokeless is made by the same company so there's little pressure on them to reduce prices. As the 'Green' craze deepens the situation will only get worse until anyone so much as striking a match is sent to the gulags, let alone dares to burn wood or smokeless. 
  • Swipe
    Swipe Posts: 5,083 Forumite
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    edited 12 May 2023 at 9:07PM
    I refuse to buy any coal until the price comes down close to what it was. I still have half a bunker full and I was on a ridiculously cheap fix until end of April so opted not to light my stove instead and save it until next winter in case the price stays high.
  • henry24
    henry24 Posts: 322 Forumite
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    Spoke to my coalman yesterday and he's selling smokeless eggs at £32 for 50kg and he doesn't think the price will drop much before spring as everything in the system has been paid for at higher price 
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