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London — * Stocks rise 6.3% on week to eight-week high
* EMO Terminal stocks fall 44% on year, OBA steady

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Combined coal stocks at three delivery terminals in northwestern Europe's Amsterdam-Rotterdam-Antwerp trading hub were around 4.91 million mt Wednesday, down 22.4% compared with the same time last year, according to data gathered from port sources.

The volume was, however, 6.3% higher on the week and at an eight-week high, according to Platts data. Stocks reached a 16-month low of 4.33 million mt in the week starting April 27.

The year-on-year fall was largely attributable to coal stocks at the EMO Dry Bulk Terminal in Rotterdam dropping about 44.1%, or 1.5 million mt, on the year to around 1.9 million mt Wednesday, port source said.

The volume rose about 200,000 mt on the week.

According to port sources, stocks at OBA Bulk Amsterdam's terminal were unchanged from the same week last year at around 2.45 million mt Wednesday, and were slightly higher on the week.

Coal stock levels at the OVET Dry Bulk Terminal in Vlissingen were at 560,000 mt, climbing 85,000 mt compared with a year ago and gaining 43,000 mt on the week.

European-delivered thermal coal spot prices have been slipping in recent days, falling to a four-month low of $56.80/mt Friday due to weak coal burn in Europe hindering demand, while the market remains oversupplied.

Platts assessed the price of European-delivered CIF ARA thermal coal basis 6,000 kcal/kg NAR and for delivery within the next 15-60 days at $57.35/mt Tuesday, losing 15 cents on the week.

--Jacqueline Holman,
--Edited by Maurice Geller,