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
By Andreas Walstad 5 July 2017

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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