Med thermal coal holds firm amid bearish mood, vessel quarantines

摘要

Mediterranean thermal coal markets bucked the all- pervading bearish trend with a switch to domestic consumption expected due to the coronavirus outbreak, sources said Friday. “There is a great uncertainty due to the pandemic, there is a good chance end-users might be willing to postpone or go domestic as governments can take action anytime on vessel quarantines,” a Mediterranean-based trader said. Travel bans have been implemented for shipping crews between EU member states in an attempt to control the spread of the virus.