Euro Physical Prompt Coal Trades At $90/T

Reuters reported little change for a third day in the physical prompt coal prices, trading at $90.25/tonne after a few DES ARA European trades.

As quoted in the report:

The market is trying to find a new range between around $85-$90 a tonne for both delivered Europe and FOB prices, traders and end-users said.

One European trader commented:

Oil has been one of the major factors because there’s been so little to give coal direction and the prompt months in particular are still under pressure from oversupply.

Click here to read the full Reuters report.