Euro Zone Downgrade Alert Causes Coal Prices to Fall

Reuters reported that Euro coal prices fell on news of a possible credit downgrade for some euro zone countries.

As quoted in the market news:

Prices for FOB Richards Bay and ARA cargoes have slipped to just above the $100 mark, a key level of psychological support for these markets, one which many analysts do not expect to be broken.

Click here to read the full Reuters report.