Sunday, 19 Jun 2011
Bloomberg quoted according to Energy Publishing Inc Metallurgical coal prices were mixed this week in the US spot market as buyers resisted paying higher prices for the steelmaking component.
Tennessee based data provider reported spot prices for low volatility coking coal fell 25 cents to USD 315 a ton in the week ended today, the Knoxville. High volatility coal dipped USD 6.58 or 2.4% to USD 269.33.
Energy Publishing said “Buyers perceive that the price is too high, but there isn’t a corner in which to hide.”
Energy Publishing says it surveys buyers and sellers of coal to determine pricing.(sourced from Bloomberg)
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