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2026-02-16 21:38:51
[Energy Market Sees Renewed Turbulence, Coal Prices Rise for Fourth Consecutive Day; Two Major Supply-Side Variables Take Effect] ⑴ The European energy market is showing signs of renewed supply tightness, with coal futures prices rising for the fourth consecutive trading day. ⑵ The direct driver of this round of price increases comes from the supply side. Attacks on key Black Sea port facilities in Russia, coupled with the port's monthly coal throughput exceeding 1 million tons, have led analysts to predict short-term export disruptions, directly impacting supply expectations in the European market. ⑶ Meanwhile, Indonesia, a major global coal exporter, tightened its supply policies, further exacerbating market concerns about supply shortages. The simultaneous disruptions to these two major export sources are the core factors driving this round of price increases. ⑷ Notably, while natural gas contracts, as an alternative energy source, have fallen due to improved weather prospects, coal prices have remained independent and strong. As of Monday, the March contract price on the Intercontinental Exchange in Europe rose 1% to $108.10 per ton, highlighting the dominant logic of current tight supply in the coal market.
