Pullback in US coal stocks – is it an entry point?
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Coal stockpiles at ARA dipped again last week to 3.3 mm metric tonnes, down from 6 mm metric tonnes at this time last year and the lowest levels since 2022. The stockpiles are mostly thermal coal for use in NW Europe, so what does that mean for Atlantic Basin thermal coal prices?…
I’ll start out with this first post by taking the temperature of the global thermal coal markets and looking out over the next year or so.