Demand Headwinds Weigh on Dry Bulk Markets as China Coal Dynamics Soften, Kpler Says
Global dry bulk and agricultural commodity markets are diverging, with coal and grains responding to weather-driven demand swings, shifting trade flows and uneven inventory signals, Kpler strategists said in a note on Friday. Coal markets have steadied after earlier weakness linked to broader energy sentiment and expectations around potential US-Iran diplomatic progress, Kpler analysts said. However, supply-side disruptions are helping to underpin prices. QatarEnergy has extended its force majeure notice, affecting 21 LNG cargoes for Italy's Edison between April and early September, totaling about 2 million tons of LNG. Edison has already replaced 14 cargoes and said it has secured sufficient alternative supply to meet demand. Kpler said that the disruptions have tightened short-term balances, even as European coal demand remains structurally subdued. China, the world's largest coal consumer, has entered the peak summer demand season on a softer footing. Kpler analysts said that heavy rainfall across southern regions and hydro basins in June boosted hydropower output and reduced cooling demand, delaying the usual seasonal drawdown in coal stocks. Coastal inventories across.
Global dry bulk and agricultural commodity markets are diverging, with coal and grains responding to weather-driven demand swings, shifting trade flows and uneven inventory signals, Kpler strategists said in a note on Friday.
Coal markets have steadied after earlier weakness linked to broader energy sentiment and expectations around potential US-Iran diplomatic progress, Kpler analysts said.
However, supply-side disruptions are helping to underpin prices.
QatarEnergy has extended its force majeure notice, affecting 21 LNG cargoes for Italy's Edison between April and early September, totaling about 2 million tons of LNG.
Edison has already replaced 14 cargoes and said it has secured sufficient alternative supply to meet demand.
Kpler said that the disruptions have tightened short-term balances, even as European coal demand remains structurally subdued.
China, the world's largest coal consumer, has entered the peak summer demand season on a softer footing.
Kpler analysts said that heavy rainfall across southern regions and hydro basins in June boosted hydropower output and reduced cooling demand, delaying the usual seasonal drawdown in coal stocks.
Coastal inventories across.