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2026.02.2706:01:00UTC+00Coal Hits 14-Month High

Coal prices rose above $119 per ton in late February, reaching their highest level since December 2024, as expectations of sustained global demand outweighed the ongoing shift toward cleaner energy sources. China, the world’s largest coal producer and consumer, continued to expand its coal-fired power capacity, with Beijing emphasizing energy security and grid stability. Market participants are also watching for signals from China’s upcoming parliamentary gathering to gauge future demand. The annual “Two Sessions” will be held from March 4 to around March 11, when authorities are expected to unveil the 15th Five-Year Plan, setting policy priorities for 2026–2030. In the United States, President Donald Trump has taken steps to support the struggling coal-fired power sector, allocating $175 million in federal funds to modernize six plants and directing the Department of Defense to purchase power from additional facilities.

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