Coal

摘要

Atlantic physical steam coal market buying and selling interest dampened in week 12, with the market unsure of future direction. Bids for DES ARA cargoes were slightly stronger with sources saying the physical market had been supported by a northward $3/metric tonne move in the API2 coal derivatives market and sellers were not keen to sell while paper prices were stronger. Sources were keen to stress that the hike may only be temporary. "I would be very wary about saying that the market has bottomed out," said one utility source, adding that the general trend was bearish and further downside could not be ruled out.