┬áCIF ARA price has increased 155% in one year Gas prices also have risen dramatically Seaborne coal prices have been bullish over the past year, largely rising from pandemic lows last spring as global energy demand resumes and economies strengthen. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The prices are signaling a lack of supply as producers scramble to rehire furloughed workers and reconnect supply chains. However, there is uncertainty whether the sustained rally will lead to a crash or the prices will stabilize as supply chains catch up. “People need to get over price and become more concerned about availability,” said a US-based coal consultant. “This market is so inelastic. The demand for energy in Q3 has spiked and they can’t find the coal.” The US consultant cited a recent conversation he heard from the Asian market, regarding a third quarter tender […]