CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

API 2 July Coal Prices Fall to Multi-Week Low

COAL

API 2 coal prices for July delivery are currently trading at the lowest since 30 April, weighed on by seasonally lower demand, sufficient supplies, high renewables output and pressure from European gas prices.

  • Rotterdam Coal JUL 24 down 0.8% at 107.5 USD/MT
  • Rhine river water levels at the Kaub measuring point rose to 3.51m on Monday, after seeing mostly steady declined since early June, WSA data showed, cited by Bloomberg. Kaub levels rose from 3.45m as of Sunday night.
  • Thermal coal imports into NW Europe are on track to rise to 1.89mn tons in June, up from 1.57m in May but below June 2023 levels of 2.53m tons according to DBX estimated.
  • Coal stocks at four ARA terminals were at 4.8mn tons, down by 1.5mn tons on the year, Montel estimates showed.
Energy BulletsHomepagemarkets-real-timeBulletPower BulletsCommodities
Energy BulletsHomepagemarkets-real-timeBulletPower BulletsCommodities

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.