European thermal coal market remains stable with bleak sentiment on weak demand

摘要

London—Sentiment in the European thermal coal market remained overwhelmingly bleak Wednesday as the current oversupply situation trundled on, and fresh news on import restrictions in China only further added to the bearish outlook. “I don’t see anything positive at the moment in Europe,” a European coal trader said. No deals were reported Wednesday, and the physical thermal coal market appeared to be appropriately stable at current levels.