Global coal prices weaken ahead of year-end holidays

Global coal prices softened further in mid-December as year-end holidays, high inventories, and weak spot demand weighed on market sentiment. European API2 futures slipped below $96/mt, while South African API4 futures eased toward $87.5/mt as European support faded and traders reduced positions ahead of year-end. Across Asia, demand remained muted, with China and India prioritising domestic supply amid comfortable stock […]