{
    "success": true,
    "data": {
        "id": 1984779,
        "msgid": "coal-prices-collapse-for-two-consecutive-days-1789617182",
        "date": "2026-09-17 09:35:10",
        "title": "Coal Prices Collapse for Two Consecutive Days",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Energy",
        "summary": "Coal prices have continued their downward trend, falling for the second straight day amid declining oil prices and increased supply. While some stability is seen in China's northern ports, the overall weekly trend remains negative as market recovery remains fragile.",
        "content": "<p>Coal prices continue to ease amidst falling oil prices and rising\nsupply. According to Refinitiv, coal prices on Wednesday (16\/09\/2026)\nclosed at US$ 146.1 per tonne, representing a 0.2% decrease.<\/p>\n<p>This decline extends a negative trend, marking the second consecutive\nday of weakening prices. One of the primary drivers for this weakness is\nthe drop in oil prices. As oil and coal are substitute commodities,\ntheir prices typically influence one another. On Wednesday, oil prices\nfell by 3% after a period of recent gains.<\/p>\n<p>Coal prices have also levelled off due to reduced supply concerns.\nThe thermal coal market in China\u2019s northern ports is showing signs of\nstability, as several buyers have begun restocking ahead of holidays,\ncausing mine-mouth coal prices to start strengthening again. However, on\na weekly basis, prices are still declining in several regions,\nindicating that the recovery is not yet fully robust.<\/p>\n<p>Stable demand from the chemical industry and non-power sectors has\nhelped increase sales for certain types of high-quality coal. This\nsituation has given some producers more confidence to raise prices.\nNevertheless, this recovery does not yet signify that the market has\nentered a strong upward trend, as purchasing activity remains relatively\nlimited and demand from the power generation sector has not provided a\nsignificant boost.<\/p>\n<p>In India, the government has stated that adequate coal supplies have\nbeen distributed to Independent Power Plants (IPP) in Punjab from\ncaptive mines owned by the Punjab State Power Corporation Limited\n(PSPCL). This statement refutes reports regarding an intensifying\nelectricity crisis in the state. The Indian Ministry of Coal stated that\nCoal India Limited (CIL) remains committed to ensuring uninterrupted\nfuel supplies for power generation across India, including Punjab.<\/p>\n<p>The Ministry cited rake supply data showing that coal deliveries to\ntwo major independent power plants remain higher than consumption\nlevels. However, it was noted that Punjab needs to increase the offtake\nof coal from its own captive mines to optimise power generation at its\nplants.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/coal-prices-collapse-for-two-consecutive-days-1789617182",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}