Atlantic thermal coal markets rise but outlook remains bleak

摘要

European thermal coal prices edged higher Thursday but market sentiment remained poor as the oversupply situation in Europe kept coal stocks high, while outlook for the remainder of the year was similarly bleak. “Can’t really see much change market wise for [CIF ARA]. So much tonnage around unlikely to get through much of it, don’t really need stock building either,” a European broker said. In the physical 6,000 kcal/kg NAR market, sources said there was essentially just one buyer in Europe looking to bid, which had been the case for the last few months.