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European Thermal Coal Prices to Remain Under Pressure in H1 – Sberbank

Coal News - Published on Fri, 25 Oct 2019

Image Source: sputnik international
Russian bank Sberbank analyst Ms Maria Krasnikova said that European physical coal prices will continue to face pressure in the first half of 2020, as power generators preferred to burn cheaper and less CO2-intensive. Ms Krasnikova estimated the ARA CIF reference to average USD 61-62 per tonne in the first quarter and USD 55/ per tonne in the second quarter. She said “As long as the gas market is oversupplied, there will be a strong pressure in the coal market.”

CIF ARA prices had hovered around USD 55-75 per tonne in Q1 and Q2 this year and around USD 90 per tonne in the same period in 2018.

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Posted By : Ratan Singh on Fri, 25 Oct 2019
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