US FOB thermal coal prices strengthened in the week ending Friday as price levels in the consumer markets of Europe and India provided support despite higher dry bulk freight rates. Receive daily email alerts, subscriber notes & personalize your experience. Register Now, In addition, supply-side tightness was heard stemming from ongoing rail issues at several export terminals, which was exacerbated by thermal coal and metallurgical coal volumes competing for rail and port availability. Little spot activity was heard for Central Appalachian coal in the week to Friday. Long waiting times were heard at US East Coast ports, with a trader saying the waiting times could be up to 25 days. Prices were supported by a bullish CIF ARA market, which overcame higher dry bulk freight rates. S&P Global Platts’ FOB Hampton Roads 6,000 kcal/kg NAR price was assessed at $90.40/mt, up $3.30 week on week. Illinois […]