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Monday, March 12, 2012

Coking coal in US spot market falls

Monday, 12 Mar 2012

Bloomberg quoted Energy Publishing as saying that metallurgical coal prices on the US spot market fell last week because of slack demand.

According to Energy Publishing low volatility coal decreased USD 3.87 or 1.9% to USD 201.13 a ton and high volatility coal dropped USD 1.75 or 0.9% to USD 187.50.

The data provider wrote in a weekly report that “Price sentiment hasn’t collapsed on the buy or on the sell side, though it has gotten more bearish.”

Energy Publishing says it surveys buyers and sellers of coal to determine pricing.

Source - Bloomberg

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