Since ICR’s most recent energy report, the coal rally continues, driven by high prices for gas and CO2 allowances in Europe. Coal prices for the 4Q22 are currently at US$163/t for API2 and US$159/t for API4 coal.CO2 allowances for December 2021 were valued at EUR60.00. Meanwhile, the price of Brent oil stood at US$75.25/barrel.
With the supply of petcoke down after hurricanes, the petcoke illiquid market pushed higher. Petcoke prices for USGC 6.5 per cent reached US$122/t while the price of USGC 4.5 per cent stood at US$130/t. The discount for the FOB 6.5 per cent petcoke contract remains at 40 per cent.
The discount for FOB petcoke remains at 40 per cent.
