Coal Prices Surge As Energy Shock Forces Power Plant Fuel Switching In Exposed Countries

Coal Prices Surge As Energy Shock Forces Power Plant Fuel Switching In Exposed Countries Asian benchmark Newcastle coal prices jumped more than 9% to $150/ton (as per BBG data) at the start of the week, as energy flows across the Gulf area remain disrupted and transit through the Strait of Hormuz has significantly slowed. The rise in coal prices is being driven by a broader energy shock, with surging gas prices making coal a more economical substitute fuel for power generators. ...

By Tyler Durden