Despite the gain, this week, the price of coal corrected by about 5 percent

After touching the highest level in almost two years, the coal price dropped significantly

The ICE Newcastle fell by 3.76 percent but growth prospects remain positive

High demand for coal sparked a strong growth in freight rates for capesizes

Prices remained stable across all producing areas

Despite the correction, it is still in the range of its highest level in almost two years

The tight supply of coal in China is still the main reason for price increases

Estimated coal production increased week-on-week

The increase by around 50 percent on the input cost puts pressure in cement manufacturers' operating margins

Prices slightly retracted on January 13, with profit-taking that followed prices that have taken off

Newcastle thermal coal futures contract gained 6.35 percent on January 12

Disruptions caused by the pandemic continued to impact cargo movement in India

Thermal coal in Europe and Asia is also being traded at higher prices

Newcastle coal futures contract touched USD 85.1 per ton on Monday

Before the December 30 data freeze, CECI’s and CCTD’s spot price hit record highs for 2020

Prices increased across almost all producing areas

The coal price has returned last week to its highest level in the last one and a half years

The company reported that its sales were normal

In the January 7's trading, futures contract closed with an appreciation of 6.5 percent

The index has seen a correction of 7.4 percent throughout this January