Insight
Testing price floors in the European thermal coal market
Report summary
The mood at the recently concluded Coaltrans World conference at Copenhagen was overwhelmingly bearish on thermal coal prices. We met with over 40 market participants, and few if any had a strong rationale for increasing prices either in the Pacific, or in Europe. With continued pressures on the cost curve, we see further scope for pricing floors at different levels: expect to see some near term price shocks in the US$60/t range for ARA in the upcoming months.
What's included
This report contains
Table of contents
- Executive Summary
- A reversal of tradition
- Russian FX is the key driver of lower prices
- Where do pricing floors exist?
Tables and charts
This report includes 1 images and tables including:
Images
- At what level do pricing floors exist?
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