Coal Markets Grapple With Multiple Headwinds -- Market Talk

Dow Jones

2025/07/02

0137 GMT - Coal markets are on a slow burn, says Jefferies. Metallurgical coal prices are likely to recover, but more slowly than the bank had thought. It points to weak steel markets globally and elevated volumes of Chinese steel exports. "In thermal coal, the rally off April lows appears unsustainable, with benchmark Newcastle prices expected to gradually revert toward US$95/ton amid persistent oversupply and capped demand from key Asian buyers," Jefferies says. Pulverised Coal Injection remains under pressure "as substitution and excess availability compress its premium," it adds. Jefferies cuts its price target for Coronado Global Resources by 22% to A$0.14. Shares are at A$0.1375. Its price target for Whitehaven Coal falls 3% to A$6.40, compared with A$5.59 now. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

July 01, 2025 21:37 ET (01:37 GMT)

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Metallurgical coal prices are likely to recover, but more slowly than the bank had thought. It points to weak steel markets globally and elevated volumes of Chinese steel exports. \"In thermal coal, the rally off April lows appears unsustainable, with benchmark Newcastle prices expected to gradually revert toward US$95/ton amid persistent oversupply and capped demand from key Asian buyers,\" Jefferies says. Pulverised Coal Injection remains under pressure \"as substitution and excess availability compress its premium,\" it adds. Jefferies cuts its price target for Coronado Global Resources by 22% to A$0.14. Shares are at A$0.1375. Its price target for <a href=\"https://laohu8.com/S/WHC.AU\">Whitehaven Coal</a> falls 3% to A$6.40, compared with A$5.59 now. 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Metallurgical coal prices are likely to recover, but more slowly than the bank had thought. It points to weak steel markets globally and elevated volumes of Chinese steel exports. \"In thermal coal, the rally off April lows appears unsustainable, with benchmark Newcastle prices expected to gradually revert toward US$95/ton amid persistent oversupply and capped demand from key Asian buyers,\" Jefferies says. Pulverised Coal Injection remains under pressure \"as substitution and excess availability compress its premium,\" it adds. Jefferies cuts its price target for Coronado Global Resources by 22% to A$0.14. Shares are at A$0.1375. Its price target for <a href=\"https://laohu8.com/S/WHC.AU\">Whitehaven Coal</a> falls 3% to A$6.40, compared with A$5.59 now. 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Metallurgical coal prices are likely to recover, but more slowly than the bank had thought. It points to weak steel markets globally and elevated volumes of Chinese steel exports. \"In thermal coal, the rally off April lows appears unsustainable, with benchmark Newcastle prices expected to gradually revert toward US$95/ton amid persistent oversupply and capped demand from key Asian buyers,\" Jefferies says. Pulverised Coal Injection remains under pressure \"as substitution and excess availability compress its premium,\" it adds. Jefferies cuts its price target for Coronado Global Resources by 22% to A$0.14. Shares are at A$0.1375. Its price target for Whitehaven Coal falls 3% to A$6.40, compared with A$5.59 now. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"WHC.AU":"WHITEHAVEN COAL LTD","BK7129":"钢铁","CRN.AU":"CORONADO GLOBAL RESOURCE-CDI","BK7083":"煤与消费用燃料","BK7507":"资源股"},"translate_title":"煤炭市场应对多重不利因素——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CRN.AU":0.9,"WHC.AU":0.9},"content_text":"0137 GMT - Coal markets are on a slow burn, says Jefferies. Metallurgical coal prices are likely to recover, but more slowly than the bank had thought. It points to weak steel markets globally and elevated volumes of Chinese steel exports. \"In thermal coal, the rally off April lows appears unsustainable, with benchmark Newcastle prices expected to gradually revert toward US$95/ton amid persistent oversupply and capped demand from key Asian buyers,\" Jefferies says. Pulverised Coal Injection remains under pressure \"as substitution and excess availability compress its premium,\" it adds. Jefferies cuts its price target for Coronado Global Resources by 22% to A$0.14. Shares are at A$0.1375. Its price target for Whitehaven Coal falls 3% to A$6.40, compared with A$5.59 now. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 01, 2025 21:37 ET (01:37 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}