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Home Gas Prices

European coal prices rise on Russian ban news

Editor by Editor
3 years ago
Reading Time: 1 min read
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Sharp increase in API2 Cal 2023 prices to $210/t on reports that the EU could ban Russian coal imports which represents around two thirds of total EU thermal coal imports.

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This comes at a time of significant coal supply tightness in Europe.

Indeed, coal-fired power generation rebounded in Europe over the past few months to compensate for falling nuclear availability in France and scarce gas supply

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ARA coal stocks sit a record lows for this time of year.

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Europe coal prices were already trading at an unsual premium to Pacific coal prices before the news and this premium could widen further in the short-term to trigger additional coal demand destruction in Asia.

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Source: Julien Hoarau, EnergyScan

Tags: EnergyscanEuropean coal pricesJulien Hoarau
Editor

Editor

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