us met coals continue to see weak export markets as supply hit

摘要

London—Atlantic met coal markets Thursday remained gripped by weak export demand and falling Australian coal prices on pressure from Chinese imports. A drop in future prices and a flatter forward curve is pressing down on spot physical pricing. US supply, particularly for high-vol B, is heard exiting the market. The downing of operations is affecting Central Appalachian mines in particular and may be temporary, or longer-term and permanent, as financial issues and higher overall mining and reclamation costs hit operators, US industry sources said.