The coal price has been crashing recently as energy prices across the globe collapse.
But since bottoming at $56.20 a tonne last Friday the March Newcastle Coal contract on the Intercontinental Exchange in the US has rallied $3.95 a tonne to $60.15 this morning.
7%, that’s some rally. Coal is now challenging the 5 month downtrend.
Here’s the chart.
NOW WATCH: Money & Markets videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.