Coal is falling out of bed again and taken America’s second-largest with it. Arch Coal America’s second-largest coal miner has filed for bankruptcy. The coal markets are poised for further drops in price. There will be more causalities along the way. Buyers are mostly to sit on the sidelines and wait for bargains which will not help sellers. Floating prices rather than contract will take the front seat for the time being. Expect the markets for coal to be choppy and quite ugly for the time being.
Coal falls through the Seams