Coal on Watch as Top-Exporter Expected to See Lower Prices in June (ACI) (CNX) (BTU)
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Met Coal Prices Near Bottom; Q313 Catalyst for Production Cuts (ANR) (ACI) (CNX)
June 13, 2013 8:40 AM EDTCoal stocks are on watch as one firm sees met coal prices near a bottom, with prices expected to rise from here.
FBR Capial said met coal prices have fallen to a point where they will no longer cover cash costs, even for low-cost producers. The firm said, "Our analysis of the cost structures of major seaborne exporters reveals that production cuts will be required not only in the... More
