Thermal coal prices ease as geopolitical tensions dissipate

The international thermal coal market slid back into a bearish spiral, with prices firmly in the red as the transient boost from geopolitical tensions dissipated. Freight rates eased considerably, undercutting overall CFR rates in the Indian market. Additionally, an oversupply from major exporters, coupled with high inventory levels among buyers and weak market fundamentals, pushed coal prices back into negative […]