European Coal Producers Hike Prices in Advance of Colombian Strike

Reuters reported that coal producers in Europe are raising their prices on supply fears as Colombian miners prepare to go on strike.

As quoted in the market report:

Producers were asking $92 a tonne for coal delivered in April, $4.10 higher than Thursday’s close, sending the physical market to levels last seen in late December as traders priced in potential disruption at three Colombian mines responsible for 85 percent of the country’s exports.

To view the whole Reuters report, click here.