{
    "success": true,
    "data": {
        "id": 1785661,
        "msgid": "coal-prices-fall-trumps-assistance-lacks-impact-1780620653",
        "date": "2026-06-05 07:15:18",
        "title": "Coal Prices Fall, Trump's Assistance Lacks Impact",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Energy",
        "summary": "Global coal prices retreated, tracking a decline in oil prices, despite the announcement of significant US government support for the coal industry. President Donald Trump invoked the Defence Production Act to allocate US$700 million for coal plants and mines, but the move failed to rally the market. Attention is also shifting in China from supply disruption concerns to demand uncertainty as inventories remain high.",
        "content": "<p>Coal prices weakened after a recent spike. According to Refinitiv,\nthe price of thermal coal for July contracts closed at US$147.05 per\ntonne on Thursday, down 0.64%. This decline contrasted with a 2.21%\nsurge on Wednesday. Coal prices fell in tandem with weakening global oil\nprices. Coal and oil are commodities that influence each other as\nsubstitutes. Oil prices fell around 3% on Thursday following reports\nthat United States President Donald Trump was reluctant to pursue a\nfull-scale war with Iran, despite ongoing clashes. West Texas\nIntermediate crude oil futures fell 3.1% to close at US$93.04 per\nbarrel, while Brent crude, the international benchmark, weakened 2.8% to\nUS$95.03 per barrel. Coal prices remained weak despite positive news\nfrom the US. Trump announced the use of a Cold War-era act to disburse\nUS$700 million for various coal projects. The move is his latest effort\nto boost the use of coal, the most polluting fossil fuel. Trump stated\nthe funds would be used to maintain operations at over a dozen\ncoal-fired power plants across 10 US states and 42 coal mines, as well\nas to build two new plants and one coal export terminal. The funding\nwill be channelled through the Defence Production Act, which was enacted\nin 1950 and grants the US president emergency powers to regulate and\nsupport domestic industries deemed crucial to national interests.\nDespite Trump\u2019s continued push to revive the coal industry, the sector\ncontinues to shrink. US coal output is currently less than half of its\n2008 level, while the number of mining jobs has fallen by more than 90%\ncompared to a century ago. Natural gas and renewable energy are\nconsidered cheaper and increasingly dominate electricity supply in the\nUS. Meanwhile, reports from China indicate that thermal coal prices at\nnorthern Chinese ports are stabilising after previously strengthening\ndue to supply disruptions. The market\u2019s focus is now shifting from\nsupply concerns to demand uncertainty. Coal supply is beginning to\nrecover as mines that were temporarily disrupted resume operations after\npassing safety inspections. Coal inventories at ports remain relatively\nhigh, reducing market confidence that prices will continue to rise.\nSellers are reluctant to cut prices too deeply as the peak summer\nelectricity consumption season approaches. On the other hand, buyers are\nalso hesitant to make large purchases because their existing stockpiles\nare still ample.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/coal-prices-fall-trumps-assistance-lacks-impact-1780620653",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}