Europe: Spot thermal prices of 75.00 US dollars to 80.00 US dollars/tonne by the end of the year?

摘要

There is an exceedingly good chance that the type of spot thermal prices being seen in Asia right now - 75.00 US dollars to 80.00 US dollars/tonne FOB - will spill over into the European market before the end of this year, observers tell Coal Americas. "In Europe, you've had a situation that closely mirrors the U.S.," a trader said. "European utilities have been well stocked with coal. However, many of them will come out for supplies in the second half and with Asian utilities buying South African coal, there will be a pinch in the Atlantic Basin. Prices of spot thermal coal will rise substantially in Europe. On a delivered basis, European utilities are looking at prices at or above 100.00 US dollars/tonne.