The physical Central Appalachian rail contact, like much of the US coal industry, is suffering from pressure by low natural gas prices and a warm winter. After a dramatic CSX contract price plunge in December, though, the number of physical trades in the first weeks of 2016 has increased -- but the question remains whether prices will remain low, as Jim Levesque explains.
Whitehaven Coal (ASX:WHC)
Whitehaven Coal (ASX:WHC) has had a price pull back over 85% over the last 2 years, but recently, a short term uptrend has ensued. So, we will discuss the possible tailwinds and strategies to manage a potential trade.
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Coal stockpiles at US utilities continue to trend lower, but it could bode well for coal prices moving into the fall, especially when considered alongside higher natural gas prices and lower coal production. Andrew Moore considers stockpile and production statistics, particularly for subbituminous coal. However, it's a fine balance: if coal prices climb too much, natural gas could stage a comeback.
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