Reuters reported little change for a third day in the physical prompt coal prices, trading at $90.25/tonne after a few DES ARA European trades.
As quoted in the report:
The market is trying to find a new range between around $85-$90 a tonne for both delivered Europe and FOB prices, traders and end-users said.
One European trader commented:
Oil has been one of the major factors because there’s been so little to give coal direction and the prompt months in particular are still under pressure from oversupply.