Middle East conflict impacts metallurgical coal and iron ore prices
after close1 source ↓written by the desknot a recommendation
The ongoing conflict in the Middle East is expected to support metallurgical coal prices due to constrained supply, with up to 25% of global oil and LNG passing through the Strait of Hormuz. However, iron ore demand may decline from China, impacting prices, while the pellet market faces severe disruptions.
• Limited direct impact on metallurgical coal and coke prices
• Rising natural gas prices may elevate thermal coal prices above low-quality coking coal
Not investment advice. For informational purposes only.