European prompt physical coal prices steadied on Friday after slipping for most of the week.
European prompt physical coal prices steadied on Friday after slipping for most of the week, while many players were sidelined ahead of a UK public holiday and after most cargoes re priced into China or re sold elsewhere were absorbed.No fresh trades were reported and few bids or offers were seen.An August DES ARA cargo was bid at USD 88.50 and offered at USD 89.50, unchanged.A July South African cargo was bid at USD 90.10, also unchanged.An official of a power utility said that ``It looks as if prices have almost found a bottom. We don't think they'll fall much further from current levels. The ARA cargoes which traded at USD 3 below the index, were originally for China, and others have been absorbed elsewhere in Asia, in the Mediterranean, into Turkey.''
US oil prices steadied above $104 a barrel on Thursday as higher-than-expected US crude stocks helped balance support from unrest in Libya and the Middle East.