Weekly coal price review: mixed price sentiment

The week was marked by mixed sentiment, where South African, Russian and Australian coal export prices got some support from the market, and the Indonesian and USA coal prices continued to be in their downturn direction. The European market is on an upward rally with its increasing natural gas prices. The region’s lower gas import level, maintenance in gas processing plants and last week’s geopolitical tension in Russia give support to the coal prices. South African coal export prices moved up with the lower level of material at its RBCT port. Pakistan imported 3.4 million metric tons (MMT) in CY2022 […]