US coking coal miner Contura cautiously optimistic on seaborne market

摘要

US major coal miner Contura Energy, which is seeking tofinalize a merger with Alpha Natural Resources to become the biggestUS met coal producer, expects US production and sales to meetgrowing demand for US coking coal overseas.With seaborne prices trending close to multi-year average highsand US domestic business being booked at higher contract levels for2019, US miners are yet to spoil the party by producing too much.Contura is a mining trading group and believes the US met coalindustry has recovered through discipline, which has converselylimited coals available for blending and trading.