MYSTEEL: US-Iran tensions to firm China's chemical coal prices

Against the backdrop of China's softening thermal coal market dominated by the power sector, the submarket of higher-calorific-value thermal coal used for making chemical products is likely to see some support from the recent US-Iran conflicts, Mysteel's latest survey points out, citing the regained attention on coal when global supplies of oil and gas face great uncertainties.

Volatilities in global energy prices and supply This expectation has been reinforced after the joint strikes of the US and Isreal against Iran since late February escalated quickly in the past week, fueling stronger market jitters over energy supplies from Iran, an important producer of oil and gas in the