| From Purchasing: Eastern Appalachian metallurgical coal prices have slipped this month back to July’s average of $133/ton, down from $140 the previous two months. Part of the reason is the weak (1.2%) growth in electric-power-sector.
Also, some utilities have switched to cheaper $14/ton Powder River Basin coal from Wyoming. “Sales commitments for Powder River Basin coal to Eastern utilities are more than 50% higher than a year ago,” according to a report by Merrill Lynch & Co...... Full Article: Source
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