Coal Miners Pressured as China Imports Slip in August Amid Weaker Yuan (ACI) (BTU)

Coal miners are having a tough Tuesday trading session, though Arch Coal (NYSE: ACI) is seeing the brunt of downside action, following sour economic news for one key consumption market.

Data from China's Customs Bureau on Monday showed that coal imports fell 17.7 percent to 17.49 million tons in August, from 21.26 million in July. The devalued yuan is said to play a large part in the import drop as coal imports would become more expensive for the country.

Imports for the first eight months of 2015 slipped 31.3 percent to 138.6 million tons.

Arch Coal is down over 23 percent, Peabody Energy (NYSE: BTU) is 1.3 percent lower, and CloudPeak (NYSE: CLD) is down 2.3 percent. Other miners on watch include CONSOL Energy (NYSE: CNX), Penn Virginia (NYSE: PVA), and Rhino Resources (NYSE: RNO).

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