European Coal Marks Fifth Day of Losses

Bloomberg reported that European coal continued its descent for the fifth consecutive day, while negotiations continue with striking Colombian coal workers.

As quoted in the market report:

Thermal coal for delivery in 2014 to Amsterdam, Rotterdam or Antwerp fell 40 cents to $98.50 a metric ton as of 10:05 a.m. London time, according to broker data compiled by Bloomberg. Prices are headed for a 2.3 percent drop this week.

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