Front end coal prices have lost substantially in value in the course of the week on the back of an autumnal summer and stable freight prices. Meanwhile, a slight recovery could be noted further out on the curve Thursday.
The Q4-07 contract shed three cents to end at a midpoint of USD 77.63/t on the API#2 curve, whilst Cal 08 gained 1.13 to USD 77.83/t, but still one dollar less then a week ago. "The rather depressing European summer decreases the coal consumption and the summer is often a quieter period in the coal market anyway," coal consultant Guillaume Perret commented. The pressure has also been lif
Freitag, 6.07.2007, 08:09 Uhr
Redaktion
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