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US coal prices could rally later this year if stockpiles continue declining

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Coal stockpiles at US utilities continue to trend lower, but it could bode well for coal prices moving into the fall, especially when considered alongside higher natural gas prices and lower coal production. Andrew Moore considers stockpile and production statistics, particularly for subbituminous coal. However, it's a fine balance: if coal prices climb too much, natural gas could stage a comeback.---------------------------------------Subscribe for more #PlattsSnapshot updates: http://plts.co/a1gl30e8Chh ---------------------------------------Keep up to date with all the latest S&P Global Platts coal news by Tweeting us at @PlattsCoal and by using the hashtag #PlattsSnapshot ---------------------------------------You can also follow all our latest updates via:---------------------------------------Website: http://plts.co/XfMf30e8Cka Facebook: http://plts.co/5iyj30e8ClR Twitter: http://plts.co/TTHU30e8CoQ LinkedIn: http://plts.co/18rx30e8Cr7

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S&P Global Platts US coal utilities PRB Powder River Basin subbituminous stockpiles burn power burn stocks production prices markets gas natural gas power electric power
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