The prices of Coal continued to witness a downward trend in the month of December xxxx. The prices declined by x.xx as compared to the previous month. This drop was primarily attributed to a sustained decrease in demand, particularly as consumption of coal in key sectors continued to weaken. US power producers, having accumulated substantial coal inventories, further contributed to the market&#xx;s oversupply, and dampened overall demand.
Additionally, the supply remained steady, adding to the downward pressure on market sentiment. Given the substantial stockpiles, there is potential for further US coal production cuts, which could lead to a shift in the market balance, with supply falling short of demand by late xxxx.
The coming months may witness continuous decline of the prices attributed to high inventory levels present in the coal fired power plants. The inventory levels are substantial which may not...
