Global thermal coal market continues into bearish territory

The global thermal coal market sank deeper into bearish territory this week, weighed down by a detrimental mix of weak demand, abundant inventories, and persistent geopolitical headwinds. Major importers remained on the sidelines amid sluggish industrial activity and muted end-user requirements, while miners continued to operate on razor-thin margins, grappling with rising production costs and a market flooded with oversupply. […]