Atlantic thermal coal markets fall on Asia sentiment, coal burn

摘要

Atlantic thermal coal markets fell further at the end of theweek as weak indicators from Asia and lower expected coal burn inEurope weighed on sentiment.Platts CIF ARA 6,000 kcal/kg NAR price was assessed at $99.45/mt, down $1.30 on the day and $2.60 on the week.No spot trades were reported in a typically illiquid end to the week,but sentiment was beginning to slide as increased wind generation inGermany had some sources anticipating lower demand for coal.Some utilities were heard pushing back delivery of additionalcargoes for Q4 and Q1 due to sufficient stock levels.