Thermal coal prices have been declining as supply increases and concerns of shortage are dissipated. The cost of coal used by power plants is, in some areas, dropping to levels recorded prior to Ukraine’s invasion in February. This invasion triggered a sharp increase as buyers expected to incur losses from both nations.
Last week, the Australian benchmark price of 6,000 kcal/kg of coal at the Newcastle Port indicated a $373.75/ton price. This figure, as evaluated by…
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