Illinois Basin update: Rise in API 2 part of hoped-for market boost

摘要

The export potential for Illinois Basin coal during the remainder of the year will depend greatly on domestic demand, which currently is less than stellar. "Illinois Basin coal is competitive with natural gas prices in the U.S. market, so more than likely we won't see large volumes heading to the export market," a trader said. "However, domestic demand did not rise in the first half as much as was expected. Business will need to pick up in the fourth quarter or producers will have stockpiles looking for a place to land."