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European Coal Futures Extend Gain After Strike on Russian Port

Eamon Farhat
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⚡ Quantum Brief
European coal futures rose for a fourth consecutive day following a drone strike on Russia’s Taman seaport, a key Black Sea export hub handling over 1 million tons of coal monthly. The attack, conducted by Ukrainian drones over the weekend, damaged critical port infrastructure, risking near-term disruptions to Russian coal shipments, per DBX Commodities Ltd. Indonesia, a major global coal supplier, simultaneously tightened supply, exacerbating market pressure and driving price gains across European futures contracts. Taman’s role as a vital export route for Russian coal amplifies the strike’s impact, with traders bracing for potential short-term shortages and logistical bottlenecks. The dual supply constraints—geopolitical disruptions in Russia and policy shifts in Indonesia—fueled the prolonged rally in coal prices, reflecting heightened energy market volatility.
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000European coal futures climbed for a fourth day, after a drone attack on a Russian Black Sea port that handles sizable exports of the fuel and as major shipper Indonesia tightens supply.Heavy Ukrainian drone strikes at the weekend damaged infrastructure at the Taman seaport. The port ships more than 1 million tons of coal each month and may face near-term export disruptions, according to analytics firm DBX Commodities Ltd.

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Source: Bloomberg Markets

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