Commodity Market Report

Global thermal short-term outlook June 2023

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After a round of price collapses across major thermal coal benchmarks in May, seaborne markets seem to have found another resting point. Positive price support is coming largely from warm weather and subsequent increases in Chinese demand. With the resumption of Chinese-Australian trade, Australian imports to China reached a 2-year high. However, global supply is still strong and weather-related demand will be temporary.

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    Global Thermal Coal Short Term Outlook June 2023.pdf

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