Weekly coal price review: coal prices remain mixed

The thermal coal market almost closed with bearish sentiment except for South African coal prices which seem to get support from its limited supply in the market. The European futures corrected downward during the week, however contradictory to that the spot prices have come up to three weeks high of $114.49 from $104.62 last week. This can be attributed to the current high temperature in the region. China’s market was stable amid lower temperatures noted. The domestic market was firm and seaborne procurement takes place however the more options for China and the current reluctance to bid higher support the […]