The global Coal market experienced a downturn in Feb xxxx attributed to reduced demand and the absence of supply disruptions. Another factor influencing the decline in Coal prices was the occurrence of warmer-than-anticipated weather conditions, leading to decreased consumption. Inventories remained plentiful in several countries, with production temporarily halted in certain regions due to the Lunar New Year in China. This pause in production contributed to a decrease in demand during February xxxx as countries stockpiled supplies for the post-holiday period.
The South African Coal market witnessed a xx decrease in prices during Feb xxxx, moving from USD xx/MT to USD xx/MT. This decline was primarily influenced by diminished demand in Europe. The ongoing accumulation of Coal stockpiles in India and weaker demand in Europe played a significant role. The reduction in sponge iron and steel prices, coupled with elevated iron ore prices, further impacted European demand....
