Thermal coal prices: mixed sentiment

The thermal coal market exhibited a dichotomy, with South African, USA and Russian coal prices witnessing declines, while Australian and Indonesian coal prices saw increases over the week. Supply-side dynamics remained stable, with indications of paper trade activities emerging from the Australian market. On the demand side, China remained silent due to the Labour Day holiday, while India ramped up its demand for thermal coal amidst the ongoing summer season.

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