Jakarta, CNBC Indonesia – Coal prices fell on trading yesterday. Not just down, but ambrol.
Yesterday, the price of coal on the Newcastle (Australia) ICE market closed at US$ 220.9/ton. A drop of 6% from the previous day.
This correction seems to be the result of a massive sell-off (sell-off). Search how could be the main motivation of market participants.
Please understand, the price of the black stone has skyrocketed. Although yesterday it fell sharply, the price of this commodity still posted a 34.85% jump in the last month. Since the end of 2020 (year-to-date), the price skyrocketed by 197.33%.
Therefore, how which can be from coal is very tempting. No wonder risk taking profit (profit taking) will always haunt.
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