Rotterdam Coal Update This Week

At the end of trading Friday morning (15/01), Rotterdam coal price contract most active February 2016 back ended in negative territory. The price of coal at yesterday'strade weakened because of a decline in oil prices, trading at day break last failed to capitalize on the surging price of crude oil.

Coal market also still lethargic. In an effort to generate clean energy, Governments in different parts of the world working to reduce construction because it impacts of management of the coal it can pollute the environment.

President Obama plans to announce the changes on Friday that will make it more difficult for the coal industry to get mining leases, on his latest step in fulfilling a broad agenda to address climate change, according to the Wall Street Journal.

The Administration also is scheduled to place a moratorium on new coal leasing limited, citing congressional aides. The moratorium will be made after the Department conducts an extensive environmental review, which is expected to include coal mining's impact on climate change.

At the end of the trade early Sunday futures Rotterdam coal price for the most active contract that is a contract in February were in position 44.30 dollars per tonne. The commodity prices decreased by the equivalent of a dollar or 0.15 0.34 percent compared to the previous closing trade positions.

Meanwhile the price of coal contracts SGX IHS McCloskey English Sub-Bit FOB Index Futures in January 2016 today traded at position 38.00 dollars per tonne.