Global coal prices climb as Middle East tensions lift API2, API4 and petcoke

One-year API2 Rotterdam Coal Futures chart for the April 2026 contract showing prices rising to $128.8 on 20 March 2026 after a sharp late-week rally.

Global coal prices moved higher this week as escalating Middle East tensions pushed gas markets up and strengthened coal benchmarks across Europe and South Africa. Indian demand remained steady with a preference for lower-cost Indonesian coal, while petcoke extended gains to a three-year high. Global coal prices extended their upward trend this week, supported by a sharp rebound in European […]

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