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Geography 3422A/B Study Guide - Arch Coal, New York Mercantile Exchange, Metallurgical Coal

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plumweasel877
17 Oct 2012
School
Western University
Department
Geography
Course
Geography 3422A/B
Professor
Milford Green

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Document Summary

After a decade of wrangling, new clean-air rules are slated to come into effect in the new year, upending the coal market. U. s. environmental regulations will force power plants to reduce pollution as of jan. 1. That has sent prices of thermal coal plummeting 13% on the new york. Mercantile exchange between the day the rule was announced on july 7 and last week"s one-year lows. While trading is relatively thin, it is used as a proxy for the billion-dollar cash market on the east. On friday, central appalachian coal fell 18 cents, or 0. 3%, to . 07 a short ton. Investors who want exposure to coal prices typically invest in coal-miner stocks. Some market watchers have urged investors to shift toward the types of coal used in steelmaking, known as metallurgical coal, or met, which trade at a higher price and has more exposure to china"s steel sector, an expanding market.

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