European Coal Prices Soar As EU Proposes Ban On Russian Coal Imports ...Middle East

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European Coal Prices Soar As EU Proposes Ban On Russian Coal Imports
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Coal prices in northwest Europe jumped on Wednesday to their highest level in one month, after the European Commission proposed on Tuesday a ban on imports of Russian coal over Russian war crimes in Ukraine. The benchmark European coal contract for delivery in 2023 jumped by 6.5 percent on Wednesday, to $230 per ton, while the front-month contract for May delivery surged by double digits, according to Bloomberg’s estimates. The May contract surged by 11 percent to $330 per ton. This week’s renewed rally in European coal prices comes…

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