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Global coal prices fall as API2 drops sharply and thermal coal markets soften

API2 Rotterdam Coal Futures chart showing global coal prices falling, with May 2026 coal futures near $105.75 after a sharp weekly decline.

Global coal prices moved lower this week, led by a sharp correction in API2 European coal futures and softer sentiment across major thermal coal markets. Lower gas prices, easing geopolitical risk premium, cautious buying and weaker demand kept pressure on coal benchmarks across Europe, South Africa, Indonesia and Australia. Global coal prices weakened this week as API2 European coal futures […]

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