Author: Nishtha Mukherjee

It is a bloodbath out there. Global thermal coal prices have shot through the roof in CY’21. Indonesian high calorific value 5,000 GAR is up 130%, the South African 5,500 NAR has surged 160% while the Australian 5,500 NAR spurted 150%. What fuelled this astronomical rally? And how long will this likely continue? Will China…