Have US Coal Prices Bottomed?

Have US Coal Prices Bottomed?

by (Hadaf Zubi)

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