Peabody Energy CEO John Grech noted that global thermal coal prices stabilized and improved despite Columbia and South America supply disruptions. Robust demand continued from China, India and ASEAN countries. China also ended its "unofficial" ban on Australian coal imports, which boosted Australian import rates to more than 4 million tons per month. He commented, "Overall, near-turn demand for U.S. thermal coal is expected to be muted due to low gas prices and stronger renewable generation. However, as summer weather brings stronger total low demand and increased LNG export pressure gas prices, coal demand has the potential to increase in the second half of 2023."