U.S. coal market forecast
Published by Joseph Green,
Editor
World Coal,
Against a backdrop of mid-US$2/MMBtu NG pricing and stronger nuclear output, power sector coal burn looks to plummet to depths not seen since 1986.
As gas production remains strong, significant coal-to-gas switching over the next six months is expected by PIRA, resulting in a spike in coal stock prices.
The international coal market continues to stagnate as well, increasing financial pressures on U.S. coal producers. Additional bankruptcies look inevitable at this point.
Adapted from press release by Joseph Green
Read the article online at: https://www.worldcoal.com/coal/16042015/pira-energy-weekly-coal-market-2180/
You might also like
Duke Energy Indiana agrees to Cayuga coal unit feasibility study
Duke Energy Indiana has agreed to perform an engineering study to evaluate the technical feasibility of continued operation of the site’s current coal units by third parties interested in purchasing them.
