Tight Supply Drives Up Coal Prices on Global Markets
Coal prices rose across major international markets last week as coal supply disruptions met firm demand. The gains were particularly visible in Asia, where 5,500 NAR coal at Qinhuangdao moved above $120 a short ton. Lower inventories and tighter spot availability helped support the increase, while chemical and cement makers stepped up restocking ahead of a seasonal rise in production. China's supply outlook is also becoming less certain as authorities increase scrutiny of state-owned coal mines. The measures could prolong existing production disruptions. Coal inventories at nine major Chinese ports fell by 2.29 million short tons during the week, reaching 26.39 million short…

