European Coal Price Poised to Rise on Cooler Weather, Marex Says
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European coal prices will increase at the end of August as temperatures start dropping and lower Ukrainian production curbs supplies, according to brokerage Marex Spectron Group Ltd.
“Our analysis of the jet-stream movement for the next two weeks suggests that there may be another cold spell at the end of the month,” Georgi Slavov, head of basic materials research at Marex Spectron in London, said in an e-mailed note. Coal’s 5 percent climb from a five-year low in July coincided with cooler weather brought by a low-pressure area over Europe, he said.