Coal traders turn to private finance as high demand lifts prices

  • 📰 mining
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 53%

مصر أخبار أخبار

مصر أحدث الأخبار,مصر عناوين

Coal traders are turning to private finance to keep shipments moving after a European ban on Russian imports sent prices up fivefold.

Heightened demand for the polluting commodity — as well as the high yields traders are ready to pay to access credit — have underpinned the increasing willingness of funds to bankroll trades.

Such financing opportunities attract funds with a focus on commodities, but also those that have traditionally concentrated on generic trade finance. The trading margins on coal are so good that the market can cope with sky-high lending rates, according to Chris Scott, chief financial officer of Novum Energy Trading Corp., which specializes in oil products but also trades US and Colombian coal.

لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 449. in EG
 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

مصر أحدث الأخبار, مصر عناوين