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Author: fakena Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 3296  
Subject: Re: GCE Date: 2/21/2007 4:51 PM
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Here's a biy of info on market price of met coal from:
http://www.eia.doe.gov/cneaf/coal/page/coalnews/coalmar.html

My guess it looks like prices subsided with price of oil dropping and I'd expect it to have probably actually rebounded with the last rally in oil markets.


Accounts of actual individual transactions are relatively few in October and November as the first quarter, January through March, is the period traditionally when most iron and steel producers contract for met coal for the next year or two. Reports that have been seen are mixed for recent met coal price agreements. Jim Walter Resources, reporting on its third quarter sales of Alabama met coal, sold 1.6 MMst of met coal at an average price of $105.48 per short ton, priced at the mine area. That volume is a substantial increase over the 0.7 MMst it sold in 3Q2005, when the coal fetched $108.28 per short ton (Platts Coal Outlook, November 13, p 8.) Third quarter 2006 sales figures for metallurgical coal released by Alberta-based Grand Cache Coal cited 0.3 MM tonnes metric sold for an average $C103, or about $US106 per short ton at the mine (Platts Coal Outlook, November 20, p 9). On the other hand, CRU Monitor, which advises commodity dealers, buyers, and investors, reported in November that U.S. met coal producers that have concluded supply agreements for 2007 purchased premium high–volatile met coal for $69 to $73 per short ton, mid-volatile met coal for about $80 per short ton, and low-volatile met coal for $74 to $82 per short ton (CRU Monitor, Steelmaking Raw Materials, November 2006, p 3).


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