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Atlantic thermal coal oversupply; increase in S African exports to Europe

Featuring Gareth Carpenter

May 16, 2014 07:45:00 EST (5:32 mins)

Gareth Carpenter, managing editor, International Coal at Platts, assesses an oversupply in the Atlantic thermal coal market in recent months, focusing on how European CIF ARA spot prices have responded to the imbalance; explains factors behind the marked increase in South African coal exports to Western Europe; and examines a recent mini-revival in spot South African FOB prices, attributable to implied freight positions and an increase in Indian spot buying.

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