European Coal Prices Flat

Reuters reported that European physical coal prices are likely to remain stable, as higher Colombian exports after the resolution of a rail strike in that country are offset by slowing supplies from the Unites States.

As quoted in the market news:

“We expect the pace of U.S. exports to slow. However, Colombian exports should be flat in H2 (second half of 2012), though they should ramp up loadings to make up for the lost exports in August,” Barclays Capital said in a research note.

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