Weekly coal price review: thermal coal continues downward trend

European-delivered coal prices are on a downward trend with higher-lying stock and a switch to lower-priced natural gas. The Australian coal market is falling at a higher pace. Its 5500 NAR material comes under the two-digit at $95 from $105 last week. AUS 6000 NAR FOB also decline by $10 WoW. Atlantic coal prices are under pressure of declining the offer to Indian-delivered material. The USA 6900 NAR is down to $125 from $135 last week. Russian coal also facing competition in the Indian market with other origins. Its 6000 NAR thermal coal prices touch $115 for the week

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