Xcoal Says US Coal Exports to China Seen Doubling

CNBC News reported that coal exporter Xcoal predicts coal exports from the US to China could double this year.

As quoted in the market news:

The expected increase in coal shipments could further push down coal prices in Asia where a supply glut following a deluge from the United States and Colombia has forced prices to slump recently.

Click here to read the full CNBC News report.