Weekly coal price review

The thermal coal market continued to walk toward the north amid rising demand from the Asian market where the supply is also depleted. The strike at Australia’s key natural gas plants called off which supported the coal prices during the month however the increasing demand from the Asian market is now supporting the prices to a great extent. India and China’s coal demand is rising on the back of increasing electricity demand and at the same time, the supply has been dampened in India with logistical issues and in China due to safety checks at mines.