The decline is attributed to market sentiment driven by expectations of easing geopolitical tensions. The US-Iran ceasefire has been temporarily maintained, with mediation efforts seen making progress. Analysts note that a reduction in conflict would likely limit the upside potential for coal prices, as supply concerns diminish.
This sentiment has pressured the broader coal sector for consecutive trading sessions, with Yankuang Energy showing weakness over recent days alongside peers in the Coal and Consumable Fuels sector.
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