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International thermal coal prices in a tailspin

International thermal coal prices are in a tailspin, weighed down by sluggish demand and a flood of supply. Major importers are sitting on mountains of stock, while key suppliers have ample cargoes gathering dust, eager to find takers. The appetite for long-term contracts is waning, with buyers now chasing spot cargoes to cash in on hefty discounts. Meanwhile, the freight […]

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