Bears continue to lead pack: It could get worse for suppliers before market turn

摘要

As tough as it's been, it probably isn't quite rock bottom yet.That sobering analysis comes from a coal supplier trying desperately to awaken from the nightmare that has emerged in recent times for those waiting for resurgence in market activity. Sad as it may sound for the sell crowd he doesn't envision anything resembling a recovery in the near term, proclaiming that it's time to brace for even more bearishness in the coming months.There are simply no signs of encouragement for producers, only signals that coal demand will remainpainfully low. Suppliers continue to bemoan the same obstacles blocking the sales path to the domestic steam market - high utility stockpiles, low natural gas prices and apparently lower prices to come, a still-struggling economy and little help from winter weather.