Coal Jumps to 9-Week High in Commodity News 02/06/2026 Thermal coal futures climbed above $140 per ton, reaching their highest level in nine weeks after a deadly gas explosion at a coal mine in northern China exposed an underground network of illegal labor practices and unreported coal sales, raising concerns about tighter oversight and extended supply disruptions. The incident at a mine in China’s Shanxi province led to production suspensions and triggered intensified safety inspections across the country’s largest coal-producing region. Increased regulatory scrutiny is expected to constrain near-term coal output, potentially impacting power generation and complicating Beijing’s efforts to safeguard energy security. Meanwhile, traders continued to track developments in the Middle East, where stalled US-Iran peace negotiations and the continued near-closure of the Strait of Hormuz have kept broader energy markets under pressure. Source: Trading Economics 2026-06-02 hellenicshippingnews... tweet Share