Euro Coal-German Election Boosts Forward Coal Prices

Industrial Metals

Reuters reported that forward coal prices are gaining following the German elections.

Reuters reported that forward coal prices are gaining following the German elections.

The market news is quoted as saying:

German utility prompt buying of a few spot cargoes last week helped stabilise DES ARA prices which had been weakening but German buyers only looked for winter delivery coal, the season of peak coal-fired power demand.

To read the full market news, click here.

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