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CIF Turkey thermal coal prices edge down amid competitive US deals

18/3/2014

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Prices of spot delivered thermal coal cargoes into Turkey slipped Friday, following a lower-priced deal for US material and buyers willing to wait for cheaper prices, sources said.

Platts assessed the weekly CIF Turkey 6,000 kcal/kg assessment at $88/mt, down $2 week on week.

A deal for an April Panamax of high-sulfur Central Appalachian coal delivered into Iskenderun -- first reported at the end of last week -- was confirmed by market participants.

The transaction was executed in the "high $86/mt" and was sold to a Turkish utility.


http://www.platts.com/latest-news/coal/london/cif-turkey-thermal-coal-prices-edge-down-amid-21342284

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