
Prices retreat further from multi-month highs
The front-month API 2 contract was last seen down USD 2.15 on Monday at USD 107/t on Ice Futures

The front-month API 2 contract was last seen down USD 2.15 on Monday at USD 107/t on Ice Futures

European coal prices jumped to two-week highs in early Monday trading, piggybacking on gas market gains and amid some technical support

Coal stocks at northwestern European import terminals have risen 4% over the past week to their highest level in eight months

Since sending out the alert yesterday, I’ve gone through the earnings call transcript and tinkered with the numbers a bit more.

This northern hemisphere winter has been mild overall, and most of 2024 could be wrecked by high inventories, leading to subdued demand