International coal prices up as a result of bridge collapse in Baltimore

The API2 European coal-delivered futures contract experienced a notable increase during the week, influenced by the recent bridge collapse in Baltimore, USA. The API2 April month contract closed the week at a five-month high level of $119.55 per metric ton (pmt). The contract increased by $8 week-on-week (WoW) from the contract’s last week closing of $111.75. The API2 April 2024 contract has been down by 20% compared to the contract’s 52-week high of $150 and up by 39% compared to the contract’s 52-week low of $86.