Direct markets for Powder River basin (PRB) coal were steady this week as rail delays prevented price gains even as demand grows. Duke Energy, Southern Co. and AEP have all recently issued requests for fourth quarter and 2015 coal deliveries, and other smaller utilities are preparing to buy more coal for next year. In the latest Duke solicitation, PRB producers were heard to offer volumes at current market prices. Argus assessed prompt quarter PRB 8,800 Btu/lb coal in the direct market flat at $12.10/short ton this week.
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