Rotterdam Coal Stocks at Lowest Since 2008, Barclays Says
This article is for subscribers only.
Coal stockpiles in the port of Rotterdam are at the lowest level since August 2008 as nuclear power cutbacks increased demand for coal, Barclays Capital said.
German Chancellor Angela Merkel ordered the idling last month of the country’s seven oldest nuclear power plants for safety checks after an earthquake and tsunami damaged six atomic reactors in Japan. The price of coal delivered to northwest Europe has jumped 66 percent in the past 12 months to $128.11, according to data from IHS McCloskey in Petersfield, England.