INTERNATIONAL COAL PRICES: NOV ‘15

Winter is coming, but in case of global coal market it won’t bring any white walkers from George R.R. Martin’s book series, but instead – increased demand for coal. In Europe low water level on Rhine (one of the key routes for European cargo shipping) and on the other hand warm temperature caused in stable prices, with a significant drop in the last week of November.

Constant increase of prices was spotted in Australia and South Africa, but due to the internal Chinese currency manipulation and drop in freight costs, domestic coal in China gained larger competitiveness and in the end the boost of NEWC and RB prices was not as big as it could be.

For the full data please go to WEEKLY INTERNATIONAL PRICE INDICES section.

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