Price Drops Deter Chinese Coal Buyers
Reuters reported that Chinese buyers are deferring or defaulting on coal purchases due to lower prices.
Reuters reported that Chinese buyers are deferring or defaulting on coal purchases due to lower prices.
Reuters reported that the price for European prompt physical coal stayed about the same even though oil prices fell.
Bloomberg reported that sub-bituminous coal swap contracts from Indonesia fell along with prices for China deliveries.
Platts reported that a lack of interest caused an easing of spot coking coal prices.
Bloomberg reported that Indonesia dropped the price of benchmark power-station coal price to an 18-month low.
Reuters reported that the price of European coal finally stabilized after low prices attracted buyers.
Bloomberg reported that coal prices at Australia's Newcastle terminal dropped to an 18-month low due to weak demand.
Bloomberg reported that coal export prices from South Africa's Richards Bay terminal dropped for a third week.
Reuters reported that European prompt physical coal hit a two-year low due to oversupply in the market.
Reuters reported that prices for European prompt physical coal fell to $90.50 per tonne.
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