U.S. Coal Exec Sees Market Glut Continuing

first_img FacebookTwitterLinkedInEmailPrint分享SNL:“When I look at the market right now … it’s a difficult and challenging market environment,” Foresight President and CEO Robert Moore said on an earnings call. “It continues to be. It has been, and I believe that it will continue to be.”Moore said that while there has been a reduction in utility inventories, it has not been at the levels that would have occurred if there had been a hotter summer. He also blamed the difficulties on a “lack of discipline” among coal producers.“There’s still too many tons in the market, and we continue to see markets being depressed as a result of that.”Moore said the oversupply of thermal coal is putting a cap on prices even as utility stockpiles have declined. More: ($) Foresight executive on coal: ‘There’s still too many tons in the market’ U.S. Coal Exec Sees Market Glut Continuinglast_img

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