POLISH COAL MARKET MIDWEEK SUMMARY 53/2015

Not much happened on the Polish coal market during Christmas, at least nothing that would caught our attention or require a comment, so just as supplement of yesterday’s international indices in November bellow you can find how prices in Richards Bay and ARA ports were drastically falling in the last month of the year. Let us remember that only 12 months ago coal was by average 22 USD/Mt more expensive.

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EDIT 12:43 After terminating contract with LW Bogdanka, EDF Paliwa went further and repudiated also the agreement with JSW. Drowning in debt (7.5bn PLN so far) Jastrzębska Spółka Węglowa will lose another 400m PLN from the expected revenues for 2016-17.

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