Polishcoaldaily Editor has given a short comment (PL) on raising coal prices in ARA ports. What is exactly happening on the international coal markets and how will this affect domestic energy sector? Check the current ARA and RB prices.
Global coal oversupply could not go unnoticed any longer. Government in Beijing had to put an end to the national crazy-high level of production. Pacific market reacted quickly to the Chinese decision and the prices in Newcastle and local Asian indices started to raise sky high. Shortly after the jump in prices was spotted in Europe: CIF ARA index reached the level from September 2015. Last month prices increased by 7 USD/Mt and are expected to reach 60 USD/Mt in Autumn.
Coming soon, you will find more on how it will affect Polish coal market in the comment for the Centre of Analysis of the Jagiellonian Club (PL only).