Author: Shivani Patil
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Global thermal coal stocks tighten – yet prices remain stable as markets catch their breath
Chinese holidays, market uncertainty reduce buyer urgency If demand rises even modestly, tight stocks could lift prices Thermal coal inventories across major exporting and consuming regions remain well below historical norms, underscoring the structural tightness in the market. As of 23 February 2026, China’s northern ports held roughly 14.7 mnt, sharply lower y-o-y. South Africa’s…