Oversupply Causes Euro Coal Price to Fall

Industrial Metals

Reuters reported that European prompt physical coal hit a two-year low due to oversupply in the market.

Reuters reported that European prompt physical coal hit a two-year low due to oversupply in the market.

As quoted in the market news:

On Tuesday, prompt European delivered coal prices fell to their lowest since May 2010 with a trade at $86.25 a tonne delivered in the Amsterdam-Rotterdam-Antwerp (ARA) area on the globalCOAL trading platform, traders said.

Click here to read the full Reuters report.

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