MONTHLY: Global thermal coal prices edge up in July on patchy demand

Global seaborne thermal coal prices largely crept higher in July, buoyed by weather-driven demand spikes across Asia as well as supply-side issues in certain countries. But with structural oversupply unsolved, the market's upward momentum remained fragile, Mysteel notes in a new report on this commodity.

Supply side Indonesia, the world's largest thermal coal exporter, managed moderate price gains last month, with 3,800 kcal/kg NAR on Panamax vessels rising from $41.3/t at the beginning of the month to $43/t as of July 31, as Mysteel assessed. The price rally was capped in the first half of the