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Global coal prices will remain under pressure until the end of the year amid a persisting glut in supply and weak demand from China and India, analysts said.
The impact of Covid-19 on Indian power demand and industrial output, and coal-to-gas fuel switching in Europe has driven seaborne thermal coal trade lower in 2020.
U.S. coal consumption has been declining since its peak in 2007 of 1.1 billion short tons.
Global coal prices collapsed in recent months as the global lockdown took its toll on power demand around the world.