Coal Market Trends
Australian miner New Hope reported flat production of saleable coal quarter-on-quarter, but total coal sales were 7% higher compared to the previous period. The company noted a mild winter in the Northern Hemisphere resulted in soft demand, placing downward pressure on coal prices. However, high energy products have seen greater demand destruction compared to the API-5 price, which has remained stable due to strong Chinese demand for lower energy coal supply. This has created a floor for the gC NEWC price, with expectations that prices will stabilize at current levels.
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