Thermal coal markets short-term outlook June 2021
Seaborne coal prices continued their bull run throughout June, reaching a level not seen since 2011. Coal demand grew as the northern hemisphere entered the summer peak demand season, and the lack of sufficient supply response drove prices higher. China's recent decision to relax coal import controls has the potential to exacerbate or prolong the market tightness if extended past June. The question of how quickly both seaborne and domestic Chinese coal supply can return will define the market balance over summer.