Asian Coal Prices Fall to Fresh Four-Year Low on Trade War Fears
This article is for subscribers only.
Asia’s coal price benchmark fell to a four-year low as trade tensions threaten to sap demand, testing levels where miners shut more production.
Australian Newcastle futures declined to $94.25 a ton on Thursday, the lowest for a front-month contract since May 2021. Seaborne coal prices have collapsed in recent months after milder winter weather curbed demand in China and other major Asian importers.