Global coal prices rally after Russian export disruption fears

API2 Rotterdam coal futures chart showing global coal prices rallying to $113/t in February 2026 after Russian export disruption fears

Global coal prices rallied sharply this week, with API2 Rotterdam futures surging after a drone strike on Russia’s Taman export terminal raised supply disruption fears. Firm Indian demand, tighter Indonesian availability and rising petcoke prices reinforced strength across the thermal coal complex, while coking coal remained broadly stable. Global coal prices strengthened across major benchmarks in the week to 21 […]

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