Montel reported that the European paper coal market has risen markedly last week, despite a subdued physical market, with a strengthening energy complex lending some support to prices.

The front quarter API 2 contract has risen by around 4% since Monday’s close, to a last trade of USD 89.60 per tonne, while the Cal 13 contract last changed hands at USD 97.60 per tonne up by more than 2% over the same period.

Source - Montel

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