Mining News

Weekly SA Coal Report

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Another incredibly volatile week with Chinese domestic prices reaching new highs, although both physical and paper coal markers sold off together with power and gas prices. As coal continues to lag gas prices, the positive dark spread continues to drive demand for coal in Europe, continuing to squeeze Atlantic freight markets. With most market commentators now talking about high energy prices going into the European winter, we may be seeing some “selling of the fact” after everyone has been “buying the rumour” for weeks now.

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