Last week’s fleeting coal price uptick has quickly unraveled

The global thermal coal market has decisively swung back into bearish territory. Last week’s fleeting price uptick – fueled by surging freight rates – has quickly unraveled. Despite continued freight escalation this week, a supply overhang and weak demand have crippled buying appetite. Importers are either retreating from the spot market or demanding deep FOB discounts to neutralize freight pressure. […]