Coal :Newcastle coal futures topped a new record high of $430 per tonne amid the conflict in Ukraine.
Recent sanctions on Russia, such as restricting access to European ports, triggered a rush by utilities in Asia and Europe to find alternative suppliers, such as Australia.
The war has created a global energy crunch and exacerbated concerns over coal supplies in a market already in the tight balance after outages.
The contract has surged more than 100% since the beginning of 2022, with earlier bullish sentiment already fueled by supply disruptions in top exporting countries such as Indonesia and Australia.
