* Some Indian buying interest seen
* No fresh trades reported
LONDON Feb 17 (Reuters) – Prompt European physical
coal prices ticked higher again by 50 cents to $1.50 on Friday
as less coal was offered.
No fresh trades were reported and activity was quiet,
utilities and traders said.
DES ARA prices dipped on Wednesday to their lowest level for
over a year alongside coal swaps, but the move down was overdone
and a correction upwards was expected, they said.
Some Indian interest in prompt South African cargoes was
seen and this helped lift March Richards Bay prices to $107 from
$105 at the start of the week.
“Asia is still very quiet, that’s the problem,” one European
trader said.
Continued…
