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Friday, December 16, 2011

Steam coal prices remain stable

Friday, 16 Dec 2011

Reuters reported that physical prompt coal prices held steady on Thursday as the market ignored choppy oil trade but prices are likely to come under more pressure in the next few weeks due to poor demand.

A January delivery DES ARA cargo was bid at USD 109.50, unchanged.

A February multi origin DES ARA cargo was bid at USD 108.50 and offered at USD 110.00, unchanged.

A January South African cargo was bid at USD 102.25 and offered at USD 103.00.

(Sourced from Reuters)

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