Coal Markets Grapple With Multiple Headwinds -- Market Talk

Dow Jones

Jul 02, 2025

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. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 01, 2025 21:37 ET (01:37 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Coal Markets Grapple With Multiple Headwinds -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCoal Markets Grapple With Multiple Headwinds -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-07-02 09:37</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     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 <a href=\"https://laohu8.com/S/WHC.AU\">Whitehaven Coal</a> falls 3% to A$6.40, compared with A$5.59 now. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 01, 2025 21:37 ET (01:37 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7129","symbol_name":"钢铁","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2548832116","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2548832116","pubTimestamp":1751420220,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"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. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7129":"钢铁","BK7083":"煤与消费用燃料","BK7507":"资源股","WHC.AU":"WHITEHAVEN COAL LTD","CRN.AU":"CORONADO GLOBAL RESOURCE-CDI"},"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":{"WHC.AU":0.9,"CRN.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"}}}