A fall in European coal prices has so far failed to shift power generation economics decisively in favour of the fuel, as weaker prices across the energy complex have helped improve gas-to-power margins.
As of last week, prices for API2 coal for 2020 delivery had dropped by nearly 19% since peaking in October 2018, to $77.50 per ton. The API2 futures contract for delivery in Q2 2019 has plummeted by 25%, to $74.95/t over the same period.
However, these declines have been barely enough to maintain coal’s competitiveness...
Stay informed with exclusive, accurate and up-to-date energy news, analysis and intelligence. Sign up for 7-day trial access to this and more premium content. It's free!