Both Australia and South Africa may experience a wetter than normal summer, as the possibility of a La-Nina event increases. Combined with the high level of atmospheric water from melted Arctic ice, coal miners may be hoping for rain-induced supply disruptions at operations and ports to counter the ongoing global demand destruction. Meanwhile, European coal stocks are dropping as gas prices continue an impressive rally. Coal production and cargoes bound for ARA are lower as miners from the US, Australia, Indonesia, and Colombia all experience production cuts.
