Better futures for coal suppliers as East, West, rail, barge all way up

摘要

The futures market saw an 88 MPH fastball right in its wheelhouse and drove it sharply into the left-centerfield gap. Following five days of trading on the Central Appalachian Coal contract at the New York Mercantile Exchange, barge coal futures prices were up considerably. CSX and Powder River Basin swaps prices also enjoyed substantial increases. Even a bearish natural gas storage report late in the week blunted only slightly the impressive gains. Natgas storage increased 106 Bcf, according to the EIA's July 12 figures, which was above the 96 Bcf forecast.