Have US Coal Prices Bottomed?
Definitely
maybe. While the jury’s still out on the Uinta Basin, prices for
Appalachian and Illinois/Powder River Basin coal look to have begun
recovering after dropping to long-term support levels following the
achievement of post-2009 highs in October 2011. The interesting point
about this price movement is that of the 5 major US coal categories, all
but Uinta basin coal have set 2012 lows that are higher than their 2009
lows. None of this indicates that coal prices can’t go lower in the
future, but recent price action…Read more...http://oilprice.com/Finance/investing-and-trading-reports/Have-US-Coal-Prices-Bottomed.html
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