Chinese import restrictions, Rhine issues weigh on Atlantic market

摘要

Downward price pressure continues to be seen in Atlantic thermal markets as import restrictions in China, logistical issues on the river Rhine and a relatively quiet Indian market weigh on sentiment. Overall, the market is still long with strong availability of Russian and Indonesian in Atlantic and Asian markets. Strong gas and power prices would make coal-fired power production attractive, but the drought on the Rhine continues to impact coal deliveries.