Euro Coal-S.Africa Coal Trades Below $100/T

Reuters Africa reported that prices for South African coal continue to fall.

As quoted in the market news:

Prices have been largely stagnant during 2011 apart from brief spikes after the Queensland floods and Japanese tsunami and it has taken many months of minimal demand from India, a huge market for imported coal since 2007 and more recently a halt to Chinese spot buying, before price support cracked.

Click here to read the full Reuters Africa report.