Coal Hits 19-month High

Coal increased to 148.75 USD/T, the highest since October 2024. Over the past 4 weeks, Coal gained 9.78%, and in the last 12 months, it increased 40.52%.

Thermal coal futures climbed above $145 per ton, reaching their highest levels since October 2024 after a deadly gas explosion at a coal mine in northern China exposed an underground network of illegal labor practices and unreported coal sales, raising concerns about tighter oversight and extended supply disruptions. The incident at a mine in China’s Shanxi province led to production suspensions and triggered intensified safety inspections across the country’s largest coal-producing region. Increased regulatory scrutiny is expected to constrain near-term coal output, potentially impacting power generation and complicating Beijing’s efforts to safeguard energy security. Meanwhile, traders continued to track developments in the Middle East, where stalled US-Iran peace negotiations and the continued near-closure of the Strait of Hormuz have kept broader energy markets under pressure.

Coal increased to 140.30 USD/T, the highest since March 2026. Over the past 4 weeks, Coal gained 2.05%, and in the last 12 months, it increased 32.38%.