Middle East conflict impacts metallurgical coal and iron ore markets
pre-market1 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, as 25% of global seaborne oil and LNG flows through the Strait of Hormuz. However, iron ore demand may decline from China, leading to potential disruptions in the pellet market. Rising natural gas prices will also elevate thermal coal prices above low-quality coking coal.
Not investment advice. For informational purposes only.