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purchasing.com - 6/28/2009

High stockpiles are weighing down coal prices - 2009-06-24 16:45:46

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Analyst suggests coal prices will be depressed through 2010 Tom Stundza -- Purchasing, 6/24/2009 4:45:46 PM Coal inventories at generating plants in June are estimated at 194 million tons, which would be close to an all-time high, says analyst David Lipschitz at Calyon Securities (U.S.A.) Inc. ...

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4 Reasons Not to Count Out Coal ETFs
ETF Trends — Coal ETFs With the global demand for power on the decline, will coal and its related exchange traded funds (ETFs) still continue to perform in the way they have in recent months? Coal inventories are currently at an astonishing 194 million tons, possibly an all-time high.  This massive surplus is being caused by weak demand from power plants, deflation in competitive fuel natural gas, and a decrease in electricity generation for the first half of the year, states Tom Stundza of Purchasing.com .  This has caused coal spot prices to decline by more than 50% from the prior year ...

4 Reasons Not To Count Out Coal ETFs
Daily Markets — ... With the global demand for power on the decline, will coal and its related exchange traded funds (ETFs) still continue to perform in the way they have in recent months? Coal inventories are currently at an astonishing 194 million tons, possibly an all-time high.  This massive surplus is being caused by weak demand from power plants, deflation in competitive fuel natural gas, and a decrease in electricity generation for the first half of the year, states Tom Stundza of Purchasing.com .  This has caused coal spot prices to decline by more than 50% from the prior year and has ...