Newcastle coal futures traded near a 2-year low of US$130 per ton, driven by concerns of oversupply from India and Indonesia, despite rising demand from China, tradingeconomics.com reported. In June, China’s daily coal production rebounded to an average of 13 million metric tons, up from a 6-month low of 12.43 million metric tons in May, as a heatwave boosted coal consumption for electricity generation. To subscribe please click here
