When the Dow Jones Industrial Average closed down Thursday well below 9,000, "Everybody was stunned - it was below my ankles," one coal broker observed, while another used the word "tanked" with regard to the over-thecounter coal market, but then withdrew such strong language, observing instead that the coal market was "a little bit lower than yesterday, but not by a lot." Nevertheless, near-term coal pricing lost about 5 dollars/short ton in the NYMEX look-alike market, while November CSXorigin 12,500-Btu/lb, -1 percent sulfur coal lost in the 8 dollars - 9 dollars/st range when compared to end-of-day assessments on Wednesday.
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