Coal prices strengthen on outages in Australia and Asia

Europe’s dependence on imported coal and gas is increasing relative to consumption because of declining domestic production Europe’s dependence on imported coal and gas is increasing relative to consumption because of declining domestic production.
By Andreas Walstad 5 July 2017 0 26632

ARA coal prices have increased by 10% since the first week of May and are now trading at more than $80 per ton, Deutsche Bank said in a research note released this week. The report noted that strikes in the Hunter Valley in Australia may have given coal prices a boost in the near term.

“Strikes in the Hunter Valley, beginning on 8 June, may have negatively affected production volumes there, possibly supporting short-term prices,” the report said. 

The bank added that heavy rains and flooding in...

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