European Coal Hits Record Low

Bloomberg reported that European coal sank to a record low as striking Colombian coal workers started talks with management.

As quoted in the market report:

Thermal coal for delivery in 2014 to Amsterdam, Rotterdam or Antwerp dropped as much as 35 cents, or 0.4 percent, to $97.55 a metric ton, the lowest level since the contract started trading in January 2010, according to broker data compiled by Bloomberg. The contract is set for a third monthly decline.

To view the whole Bloomberg report, click here.