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Thermal coal prices: European API2 sees significant upturn

Although European coal futures saw significant upturn last week, the overall thermal coal market experienced a bearish trend throughout the week due to limited demand from both the Chinese and Indian markets. High coal stock levels in these regions have empowered buyers to negotiate lower bids, contributing to the overall subdued market sentiment. While supply concerns from South Africa have been alleviated, challenges persist in Indonesia due to heavy rainfall.

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