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Reuters reported the price of physical prompt coal rose along with oil prices to $91 per tonne, up about $1, aided by speculation of increased supply in Europe due to the mining strikes in Colombia.
Reuters reported the price of physical prompt coal rose along with oil prices to $91 per tonne, up about $1, aided by speculation of increased supply in Europe due to the mining strikes in Colombia.
As quoted in the report:
Coal prices had slumped to two-year lows in June following widespread defaults and forced price re-negotiations by Chinese buyers amid global oversupply.
But prices have started to creep gradually higher during the past two weeks and an October loading South African cargo traded at $91.00 on Monday.
Click here to read the full Reuters report.
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