European coal prices: the shape of things to come

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Report summary

The shape of the European coal forward curve is puzzling the industry. What is in the mindset of European coal traders? What are they trading on and what factors lead to prices that we currently see in the US$44-45/t range on the forward curve. We interpret the latest delivered coal cost curve and assess where floors exist for European thermal coal.

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  • Document

    European coal prices: the shape of things to come

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Table of contents

Tables and charts

This report includes 2 images and tables including:


  • Evolution of ARA delivered2 coal cost curve in 2015 US$/t
  • 2016 delivered coal cost curve

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