Global thermal short-term outlook October 2022
Benchmark coal prices finally showed signs of weakening over the last month, with robust European gas storage heading into winter. Even multiple major global coal supply events could not support prices over the last month. A coronavirus outbreak has slowed shipments along China’s major Daqin rail line, which was already impacted by scheduled maintenance. Heavy rains from the La Niña weather pattern have impacted coal mining in most of the major coal exporting regions – Australia, Indonesia, South Africa and Colombia.