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API2 coal prices have risen by an additional $10 since last month, reaching $130/t, consistent with our previous ECM report's expectation of price support. Despite being at very low levels, European coal power generation saw a gradual increase in September due to strong gas prices and slightly reduced nuclear and renewable power generation. This trend is expected to continue in October, aligning with seasonal patterns.

It is worth noting that ARA stockpiles have not decreased, while coal consumption has increased, and imports have remained stable. This suggests that stockpiles at European power stations have decreased, supporting a positive outlook for API2 prices.

Key Highlights:

1) Comprehensive Coal Price Analysis

2) Overview of Europe's power generation, stockpiles, and Rhine water levels

3) Real-time and forecasted data for thermal and metallurgical coal imports/exports

This report is tailored for policymakers, energy and steel experts, as well as investors looking to navigate the dynamic energy and steel markets.

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