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Thermal coal prices go south

The international thermal coal market retreated during the week taking the south turn as coal supply improved in the market. With the exception of Indonesian coal prices, which are experiencing strong demand from the world’s largest coal importers, China and India, prices for coal from other international suppliers have declined during the week. This downward pressure is largely attributed to lower demand from China and India’s non-power sectors, coupled with positive news from the USA regarding coal shipments resuming from the Baltimore bridge.

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