Reuters reported that South African physical prompt coal prices fell sharply for the fourth day running as more sellers emerged and buyers withdrew, waiting for lower numbers.

TRADES

An August loading South African cargo traded at USD 84.15 a tonne FOB Richards Bay, down USD 2.35 from Tuesday.

PRICES

A September loading South African cargo was bid at USD 85.50 and offered at USD 85.25 later in the day, down 50 cents.

An August delivery DES ARA cargo was bid at USD 86.75 and offered at USD 87.50, down 25 cents on the bid.

A September ARA cargo was bid at USD 88.25 and offered at USD 87.75, down USD 1.25 on the offer

One trader said “There were far more buyers a few weeks ago but for August cargoes in particular, it seems to be almost all sellers.”

Source - Reuters

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