European thermal coal market looks to move excess tonnage to india

摘要

European thermal coal prices regressed on Wednesday following a vacuum of spot activity from oversupplied buyers in Europe, while the broader energy complex prompted losses in financial markets as well. As Amsterdam-Rotterdam-Antwerp stockpiles remained high, and demand from utilities upstream were further hampered by low Rhine levels, traders were heard to be reselling cargoes from ARA. A Capesize cargo of US Illinois Basin 6,250 kcal/kg NAR, 3% sulfur max coal was heard to have resold from ARA to India at $68/mt CFR.