US dockworker strike unlikely to support spot thermal coal prices: Commodity Insights survey

The International Longshoremen’s Association strike, declared Oct. 1 at US East and Gulf coast ports is not likely to support spot thermal coal prices due to a preexisting supply glut, according to a S&P Global Commodity Insights market survey. “I believe even if the strike has a very good hold in US loading, if disturbance is happening, still I don’t…The International Longshoremen’s Association strike, declared Oct. 1 at US East and Gulf coast ports is not likely to support spot thermal coal prices due to a preexisting supply glut, according to a S&P Global Commodity Insights market survey. “I believe even if the strike has a very good hold in US loading, if disturbance is happening, still I don’t…Read More