The Coal market witnessed a downward trend in April xxxx as prices dropped notably by x.xx as compared to the previous month. The subdued price environment was driven by steady production levels and subdued demand from downstream energy generation and steel production sector which impacted the consumption levels and led to downward pressure on the prices.
On the supply side, the production of coal improved driven by the executive order signed by U.S President Donald Trump in the start of the month to boost production. While the production of coal is expected to rise in the near term, the current production levels remained sufficient to fulfil the demand from downstream sectors. Rising Natural gas production in the market further undermined the need for increasing production leading to somewhat steady and firm production dynamics in April xxxx. The executive order may push the production dynamics...
