Asia led strength keeps thermal coal prices supported despite cautious buying

The global thermal coal market in early August 2025 is being shaped by a mix of supply uncertainties, weather disruptions, regulatory pressures, and shifting demand patterns. Asia remains the key demand driver, with China’s domestic market rallying on the back of extreme weather, logistical slowdowns, and regulatory interventions. Heavy rainfall in coal-producing provinces has reduced output at open-pit mines, while […]