Coking Coal to See Gains While Thermal is Still Stagnant, Clyde Russell

In an article for Reuters, Clyde Russel suggested that coking coal and thermal coal prices could be “poised to diverge.” The author saw thermal “mired in the doldrums,” while coking coal is posting some gains.

As quoted in the press release:

However, while coking coal prices may have reached the bottom, a sustained rally appears unlikely as strong gains will lead to higher U.S. exports. For now, coking coal producers can look forward to modest price gains, while thermal coal miners fret about how much further prices can fall.

Click here to read the full Reuters article.