Powder River Basin coal prices fall in short trading week

摘要

The July contract for Powder River Basin 8,800-Btu/lb thermal coal fell nearly 4% in the short four-day trading session ended June 2, underperforming the Central Appalachian market, which posted modest gains. Weak demand and the emergence of competing Illinois Basin coal appear to be weighing on PRB prices as the front month dropped 50 cents/st to $12.10/st in the shortened trading week due to the Memorial Day holiday on Monday, May 30.