CIF ARA thermal market steps back as bids refuse to chase offers

摘要

The Europe-delivered physical thermal coal market softenedMonday as the bid-side refused to react to firm FOB prices and vesselqueues at key origins which kept offer prices well above theexpectations of the few buyers looking for spot cargoes.Platts assessed the price of CIF ARA thermal coal basis 6,000kcal/kg NAR and for delivery within the next 15-60 day period at$92.50/mt Monday, down 60 cents on the day and 40 cents on theweek.