NewCastle: coal futures, the benchmark for top consuming region Asia, were trading below the $400-per-tonne mark, a level not seen in a month, as surging inventories and weaker demand continued to pressure the market.
Still, coal prices remained elevated, rallying to as high as $430 in late May, supported by a tightening market as Russia’s invasion of Ukraine
And the unprecedented economic sanctions, including the EU’s ban on oil and coal imports from Russia, have thrown the global energy market into chaos
