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Coal prices (KOL) may have touched bottom and break out of a range as workers at Cerrejon, a...

  • Friday, January 25, 5:41 PM ET
    Coal prices (KOL) may have touched bottom and break out of a range as workers at Cerrejon, a Colombian coal mine owned by BHP, Xstrata and Anglo American prepare to strike as soon as next week, potentially removing 600K metric tons/week from the market, Barclays says. Also, bad weather may affect shipments from Australia and Indonesia and rail work stoppages may arise in Australia.
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    Or, maybe not? While coal may pop again before May, I believe summer '13 is going to see coal get much worse. Of course, I could be wrong...
    26 Jan, 10:40 AM Reply Like
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