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US coal prices remained steady in week ended January 5th 2017

Coal News - Published on Wed, 11 Jan 2017

Image Source: Market Realist
During the week ended January 5, 2017, PRB (Powder River Basin) spot coal prices closed at $12.25 per short ton. That was marginally above the previous week’s closing price of $12.15 per short ton.

The PRB, which is located in Wyoming and Montana, is the largest coal-producing region in the United States. It accounts for almost half of the total US coal output. It also represents the lowest-cost thermal coal-producing region in the world.

ILB (Illinois Basin) coal prices remained unchanged at $34.17 per short ton on a week-over-week basis. That’s a multiyear low. The ILB, located in Illinois, Ohio, and Western Kentucky, produces high sulfur coal. ILB coal has become competitive with coal from the neighboring Appalachian region. Power plants have installed scrubbers to soak up sulfur, which contributes to acid rain.

In the week ended January 5, 2017, Central Appalachian coal prices came in at $56.05 per short ton. That’s the same as the end of the previous week.

The Appalachian region, which is located in the Eastern United States, is the oldest coal-producing region in the country. Of all the coal-producing regions, the Appalachian region is affected the most by natural gas price movements. However, because Appalachian coal prices are already down to marginal costs, they show a reduced correlation with natural gas prices.

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Posted By : Rabi Wangkhem on Wed, 11 Jan 2017
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