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Global thermal coal stocks tighten - yet prices remain stable as markets catch their breath

Source: BigMint Feb 28, 2026 10:00
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Coal & Coke Global
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 Richards Bay terminal stood near 3.5 mnt, down about 16% m-o-m. In

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