Global coal prices climb as winter demand and supply constraints tighten markets

API2 Rotterdam coal futures rise to $152.25 per tonne for November 2026

Global coal prices strengthened again as winter restocking, elevated gas prices and persistent supply constraints supported major thermal coal benchmarks. European futures moved higher, with November API2 reaching $152.30/t, while South African coal also advanced to multi-year highs on strong Indian demand and logistical disruptions. Chinese seaborne demand improved as high domestic prices and winter restocking widened the arbitrage for […]

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