Rotterdam Coal Prices Sentiment Review This Week

At the end of trading Friday morning (08/01) the Rotterdam coal prices doubled, continuing improvement observed strengthening from a previous trade. The rise incoal prices ignores the anjloknya price of crude oil. At the end of daybreak tradesabove WTI crude oil price and Brent both decline.

Coal prices gained a boost from the strengthening sentiment from the u.s. and China that drove coal prices strengthened.

In the us, generating electricity in the United States that operate must run CleanPower Plan. Coal factory had to choose between cleaning up their operations or closing the business. Extensive controls on mercury, sulfur dioxide and particulate matter are arranged. 

From China, the country's bamboo curtain will not be opening new coal mines in three years into the future, and instead will close coal mines, 1000 reports Scoop.China now promised to seriously invest in renewable energy and carbon emission reduction plans do.

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 47.45 dollars per tonne. The commodity price increase of 0.20 dollars or equivalent of 0.42 per cent compared to the previous closing trade positions.

Coal price contract for SGX IHS McCloskey English Sub-Bit FOB Index Futures in January 2016 observed ends at position 37.00 dollars per tonne.

Yessnews Anlayst estimates that the price movements of futures Rotterdam coal onthe next trade will still be influenced by the fundamental conditions that negatively.Global crude oil supply satiety carrying crude oil prices weakened, and this brings the pressure of coal prices.

Coal futures price could potentially test the Support level in the position and Support the two dollar 47.00 in level 46.50 dollars. While the Resistance level will be tested if there is continued strengthening of prices is on position 48.00 48.50 dollar and dollar.