Richards Bay Coal Price Increases
Bloomberg reported that South Africa's Richards Bay terminal enjoyed increased coal prices for the first time in a month.
Bloomberg reported that South Africa's Richards Bay terminal enjoyed increased coal prices for the first time in a month.
Exports coming out of China and news of slowing demand and have left many traders uncertain of where coal prices will settle in the coming months.
Sydney Morning Herald reported that thermal coal prices in Australia are set to decline due to oversupply.
Reuters reported that China thermal coal prices are forecast to continue their decline as the country slows its economic growth.
MarketWatch reported that coal companies are enjoying better share prices after enduring several years of lows.
Platts reported that analyst Prakash Sharma predicted that thermal coal prices would stay at high levels over the long run.
Bloomberg reported that coal prices at the Richards Bay terminal dropped to a 6-week low.
Reuters reported that prices for prompt physical coal hardly changed on Friday.
Platts reported that Deutsche Bank said its forecast thermal coal price outlook anticipates oversupply in global markets.
Reuters reported that prices of prompt physical coal dropped due to oversupply.
Get our independent commentary on coal trends and companies delivered to your inbox.