Global coal prices mixed amid weak demand and regional supply shifts

API4 Richards Bay coal futures chart showing weekly price trend – November 2025

Global coal prices were mixed in early November 2025, reflecting diverging regional dynamics and shifting demand patterns. European API2 futures edged up to $96.7/t on lower gas prices and colder weather, while South African API4 softened to $86/t as export demand slowed. In Asia, Chinese thermal coal remained firm on winter heating needs, while Indian imports weakened amid robust domestic supply […]

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