Mild Weather in the United States Dampens Demand for Coal

Telah Terbit: Feb 8, 2023 13:35
Right now, the US coal industry faced a tough outlook.

Right now, the US coal industry faced a tough outlook. Coal prices fell as milder-than-expected weather dented the demand, which led to increasing inventory. The coal market also faced competition from natural gas, which has not been cheaper since late 2020. There are concerns that US coal-fired utilities will seek to defer contracted deliveries this year.

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Mild Weather in the United States Dampens Demand for Coal - Shanghai Metals Market (SMM)