Stocks in coal mining companies tumbled on Wednesday after coal prices fell in what traders said was a long-awaited correction.
Analysts said the benchmark European price dropped from around $225 per ton to below $200, which in turn dragged down U.S. prices by as much as $20.
London's API2 coal swaps plunged by as much as $24, a fall unprecedented in the past five years of OTC swaps trading. The market experienced a violent correction with swaps falling sharply minute by minute, traders said.
The correction was long overdue, traders said, because prices have risen sharply and steadily for the past few weeks. Prices stabilized around $2 below physical levels at the close in London
----- Original Message ----
From: gobel <[EMAIL PROTECTED]>
To: [email protected]
Sent: Thursday, July 3, 2008 10:16:29 AM
Subject: [saham] saham batubara turun kenapa ya... ?
From: gobel <[EMAIL PROTECTED]>
To: [email protected]
Sent: Thursday, July 3, 2008 10:16:29 AM
Subject: [saham] saham batubara turun kenapa ya... ?
saham batubara pada turun banget kenapa ya ?
