Euro Coal Prices Drop to Two-Year Low

Industrial Metals

Reuters reported that prices for European prompt physical coal fell to $90.50 per tonne.

Reuters reported that prices for European prompt physical coal fell to $90.50 per tonne.

As quoted in the market news:

A drop below $90.00 was seen as a strong bearish signal by many market participants, some of whom predicted that support at $85.00 would also soon be broken given the lack of spot demand in Europe.

Click here to read the full Reuters report.

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