Thermal coal prices fall at NWR

Central European coal producer New World Resources yesterday said prices for thermal coal had plunged 19 per cent this year to €60 (£51) a tonne, due to oversupply in the market, which sent its shares tumbling on the market yesterday. Elsewhere, the average sale price of coking coal in the first quarter this year was up three per cent to €103 per tonne compared to the fourth quarter of last year, the producer said.