Good News Coal Prices Rebound Today

At the end of trading Wednesday early morning last Rotterdam coal prices doubled the increase observed, rebounding from a decline in the previous trading. The rise incoal prices ignores the fall in the price of crude oil. At the end of daybreak trade sabove WTI crude oil price and Brent both decline.

Coal prices gained a boost the strengthening of various global sentiment that drovecoal prices strengthened.

A new law to protect the River from pollution of coal is expected to have an impact onthe coal industry in Maryland, Baltimore, USA. Currently, there are 30 mines in Maryland, employs 400 people. Production down from 5.2 million tonnes in 2005 to 1.9 million tonnes in 2013. The new rules will require more extensive water testing, which would place new oversight because mine coal released into the Potomac River. 

Mine operators will be expected to restore the flow to their original condition. This will add to the cost of mining in Maryland around USD 400.000 per year. Meanwhile, India proposes coal price increase an average of 13-13.5 percent, according to a report in The Financial Express.

The price of coal is estimated to still be experiencing a down trend. The negative sentiments for coal prices  are still very strong developing in the commodities market. It is estimated by the end of this year the commodity prices that alternative energy sources will continue to SAG and achieve the level of 45 dollars per ton.

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 46.40 dollars per tonne. The coal  commodity price increase amounted to 0.15 dollars or equivalent of 0.32 percent compared the previous closing trade positions.