* Nov DES ARA trades at $88.95/T
* Sept S.African trades at $82.50/T, further falls seen
LONDON, Sept 13 (Reuters) – Slack demand in Europe and Asia
and growing bearish sentiment pushed South African and delivered
Europe coal prices down by around $1.00 a tonne on Thursday,
close to the two-year lows seen in June.
A November delivery DES ARA cargo was sold by a major
European utility at $88.95 on Thursday, down $1.00 from the
previous day’s levels.
This trade was seen as bearish by some market players
because the seller had been one of the most active spot market
buyers in recent years.
A September loading South African cargo traded on Thursday
at $82.50 a tonne and was later offered at $82.25.
Prompt cargoes fell to $81.65 in June before creeping closer
to a narrow range of $85-$89 since then.
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
GRAPHIC: here
Continued…
