Global thermal coal short-term outlook May 2018: China intervenes in an attempt to cool prices
With summer fast approaching in China and India, utilities have been in preparation mode and restocking activity has been in full effect. Also, for China, the threat of further import restrictions at the ports is causing heightened interest in building up supplies. Prices have strengthened over the last month as a result of the restocking activity, weak nuclear generation in Japan and South Korea, and supply issues at some exporting countries. The Newcastle 6,000 kcal NAR price gained 12% over the last month.