DBX News

(Montel) Growing risks of vessel damage due to Russian military operations around the Ukrainian coast, and a related surge in insurance costs, is deterring coal buyers from seeking Black Sea-origin cargoes, market participants said on Tuesday. “The situation is hectic and some shipowners don’t want......

(Montel) European coal prices look set to make further gains this week, after hitting a new high of USD 500/t in early Monday trading, as concerns of dwindling Russian vessel arrivals triggered increasingly aggressive bidding activity. The front-month API 2 contact was seen last up......

(Montel) European coal prices jumped sharply in early Monday trading, driven by initial gains in the gas markets coupled with concerns of still-tightening supply amid Russia’s continuing invasion of Ukraine. The front-month API 2 contact was seen last up USD 35 from Friday’s settlement at......

(Montel) European coal prices on Tuesday soared nearly USD 50 to their highest levels for at least 16 years as utility efforts to source non-Russian material saw buyers scrambling for any available alternatives amid an already tight market. The front-quarter API 2 contract spiked USD......

By David Stringer (Bloomberg) — Coal buyers rushing to replace cargoes from Russia, a key shipper to global markets and Europe’s utilities, are opening talks with potential alternative suppliers. Traders are working to secure raw materials from nations including South Africa, Indonesia and Colombia, while......

(Montel) European coal prices will likely remain supported over the coming days, underpinned still by tight supply and bullish gas markets, market participants said on Monday. The front-month API 2 contact was seen last up USD 3.75 from Friday’s settlement at USD 155/t, while the......

(Montel) Combined coal inventories at four key northwest European dry bulk terminals last year were on average 30% lower than in 2020, data showed on Tuesday, as heightened generation demand saw more volumes shipped to inland plants. Inventories at Amsterdam, Rotterdam and Antwerp (ARA) in......

By Krystal Chia (Bloomberg) — Iron ore futures were on course for the biggest weekly gain in nearly two months on restocking demand from China’s mills and lower global supplies. The raw material has climbed this week after producer Vale SA trimmed guidance and mill......