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Global coal prices firm as freight risks offset weak Asian demand
Global coal prices moved in different directions this week as weak demand in China and India contrasted with gains in South African, Australian, Russian and US-origin coal. Freight risks linked to Middle East tensions supported Atlantic market prices, while Indonesian values softened despite uncertainty over production quotas and firmer government reference prices. In China, buyers remained focused on discounted cargoes […]
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Global coal prices decline as Asian import demand remains subdued
Global coal prices weakened during the week as subdued seaborne trading reinforced a cautious market outlook. Comfortable stock levels, seasonal demand pressures and buyers’ preference for domestically produced coal reduced support across most international benchmarks. Movements in global coal prices were led by European API2 July futures, which fell by $8.60 week on week to $113.90 despite stronger gas prices, […]
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Australian coal prices to stay supported as buyers seek LNG alternatives
Australian coal markets are expected to remain supported in the near term, with thermal coal benefiting from countries seeking alternatives to LNG following disruptions to Middle East energy supplies, while metallurgical coal prices are forecast to remain broadly stable. Although Australia’s thermal and metallurgical coal exports are expected to ease over the longer term, both commodities are forecast to remain major […]
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Higher LNG prices expected to drive gas-to-coal switching across Asia
Rising LNG prices are expected to accelerate gas-to-coal switching across parts of Asia in 2026, according to the latest Gas Market Report. Tighter LNG supplies and higher import costs are encouraging greater coal-fired generation in several markets, highlighting how fuel security concerns continue to reshape power sector economics. Asian spot LNG prices averaged USD 17.5/MBtu during the second quarter, 45% higher year on […]
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MARKET INSIGHTS

Russian coal exports to Turkey fall 26.9% in January–May 2026
Russian coal exports to Turkey declined sharply in the first five months of 2026 as unprofitable shipments and rising logistics

Kuzbass coal production falls 3.6% in H1 2026 despite export growth
Kuzbass coal production declined in the first half of 2026 as rising costs, logistics pressures and weak global prices weighed

Russian coal industry to return $0.7 billion in tax deferrals amid mounting losses
The Russian coal industry remains under severe financial pressure despite tax deferrals and other state support measures. Russian coal companies
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