Global coal prices firm as geopolitical supply risks tighten markets

API2 Rotterdam coal futures rise to $120.95 per tonne for September 2026

Global coal prices strengthened as geopolitical supply risks outweighed weak underlying demand, with Russian port disruptions and tighter Indonesian availability supporting alternative origins. Chinese buying improved on record power demand, while Indian demand remained selective despite rising electricity consumption and early post-monsoon restocking. South African prices moved higher as Indian stock-and-sale traders began restocking, while Russian supply disruptions pushed buyers […]

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