Coal API2 and API4 shifted up across the curve as utility restocking activities for the winter season begins to gather pace. Healthy German dark spreads and bullish prices in the other energy markets also supported the indices’ move to the upside. Rotterdam stockpiles have reached their full capacity, and no more cargo is unloaded at the port until the utilities draw in coal, Commodity Online reports.
In the Pacific, Chinese buyer interests have uplifted as pacific benchmarks firmed on the week. The Daqin line is due for a 15-day maintenance at the end of September, creating upward pressure on Chinese domestic prices.
In the Pacific, Chinese buyer interests have uplifted as pacific benchmarks firmed on the week. The Daqin line is due for a 15-day maintenance at the end of September, creating upward pressure on Chinese domestic prices.