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Prompt Coal Slips amid Thin Trading - Report

Coal News - Published on Fri, 19 Jul 2019

Image Source: Montel
Montel reported that 4 month coal prices softened trading, pressured by a lingering supply glut, sluggish physical demand and weaker gas prices. The front-month API 2 contract eased USD 0.55 to USD 58.25 per tonne, while the seemingly rudderless front-year contact drifted sideways, trading last at USD 67.35 per tonne.

However, participants in part pointed to a lack of direction from the physical market, as high regional stocks and weak utility demand meant spot requirements were scarce.

Source :

Posted By : Sanju Moirangthem on Fri, 19 Jul 2019
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