Perret Associates estimate that the potential loss in steam coal exports only (excluding metallurgical coal) from Murmansk to the EU and Med. destinations could equate to a maximum of 3-4mt during June-December. This assumes the worse case scenario when the bridge supplying coal to Murmansk will not be repaired before January 2021. The consultancy estimates…more
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The DES ARA market remains heavy although the drop in prices over recent weeks could well make fresh shorts hesitate before entering the market. A spell of colder than usual weather and some short-covering are also helping to support the market. In fact, Q220 paper ended the week $1.20 higher w-o-w, at $52/t, while Cal.21…more
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