Coal Supplies Ramp up, Push Coal to Record Low

Bloomberg reported that European coal has dropped to a record low as the balance of supply and demand move farther apart.

As quoted in the market report:

Thermal coal for delivery in 2014 to Amsterdam, Rotterdam or Antwerp fell as much as 0.6 percent to $95.50 a metric ton, the lowest level since the contract started trading in January 2010, according to broker data compiled by Bloomberg. It was at $95.55 at 12:29 p.m. in London.

To view the whole Bloomberg report, click here.