US coal seen staging comeback as gas prices start to recover

摘要

The NYMEX June contract settled at 2.647 dollars/MMBtu Thursday, up 74 cents, or nearly 39%, from when it settled at 1.907 dollars/MMBtu on April 19. Platts' June coal assessments Thursday, meanwhile, pegged Central Appalachian barge and rail prices at 54.50 dollars/st and 53.75 dollars/st, respectively, or roughly at an MMBtu equivalent of 2.27 dollars/MMBtu and 2.15 dollars/MMBtu. Powder River Basin thermal coal was assessed Thursday at 8.15 dollars/st, or roughly 46 cents/MMBtu.