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Bears become bulls as European thermal coal spot prices resist downward trend

With Gareth Carpenter

November 10, 2015 12:06:33 EST (3.24)

European thermal coal market spot prices, despite an extended bear-run, are at a distinct premium to those further out. With the forward curve having lifted into pronounced backwardation, Gareth Carpenter outlines the root factors supporting European spot prices. But the question for the market is clear - is this scenario sustainable going forward?

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