Seeking opportunities in coal trading

It's all relative

Coal market

Thermal coal prices, which have fallen steadily in the past 10 months, are expected to remain flat or slightly higher this year, with more support seen for benchmark API 4 contracts than API 2, according to analysts and market participants.

The major benchmark swaps contracts API 2 (European imports) and API 4 (South African exports) hit highs in early April last year of around $129 a tonne and $124 a tonne respectively, and fell steadily for the rest of the year (see figure 1). API 2 is down 23