| 09.12.2008 - Coal prices seem set to remain under pressure |
| From Resourceinvestor.com: A research report by Merrill Lynch released last week, said coal prices had not been able to escape the cyclical sell-off in commodity prices. Since peaking at over $200 per tonne in early July due to supply bottlenecks in global port and rail systems, coal prices have fallen by 67%, with European, or API-2 coal, trading at $74.50/tonne on Friday, while South African API-4 coal was trading at $72.20/tonne..... Full Article: Source |