The price and utilisation of Atlantic coal is set diverge further in the second half of the year, according to the broker's research
Thermal coal supplies in the Atlantic
basin have failed to improve over the past year and are now
being outstripped by the Pacific market which is oversupplied,
according to the latest data from broker Marex Spectron.
Recent attempts at a rebound in the
Atlantic coal market have failed to gain momentum due to
factors such as milder temperatures and more competitive
pricing, said the London-based commodities specialist, and this
divergence between utilisation and price is only set to grow
further in the third and fourth quarter of the year.
"Furthermore, utilisation rates of the
mines supplying the area have actually declined from +90% in
Q2-Q3 2014 to mid-50% in Q1-Q2 2015," said the research
This article is available to subscribers and registered users
Please log in to continue reading.
Not yet registered? Take a free trial.
If you have already taken a free trial you
have ongoing access to the analysis section of FOW.com including this story.
Log in using your details below to read.
Already have an account? |