PRB Coal Price Rose in the Week Ended October 6
The United States has three major coal producing regions—the Powder River Basin (or PRB), the Illinois Basin, and the Appalachian region, where coal (KOL) companies conduct their mining operations. PRB, which is the largest US coal-producing region, is located in Wyoming and Montana. The Powder River Basin the world’s least costly thermal coal–producing region.
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The Illinois Basin region is spread across western Kentucky, Ohio, and Illinois. Coal mined from this region is high in sulfur content. The Appalachian region is the oldest coal-producing region in the United States. The coal mined from this region has low sulfur content.
Weekly coal spot prices
During the week ended October 6, 2017, the spot price for PRB coal closed at $11.75 per short ton, up 1.7% from the previous week’s price of $11.55 per short ton.
Illinois Basin’s spot coal price rose nearly 5.7% to $32.60 per short ton compared to $30.85 per short ton for the past three weeks.
Central Appalachia’s coal spot price closed at $55.50 per short ton for the week ended October 6, 2017, down 1.3% from 56.25 in the previous week. The expensive mining process in the Appalachian region has motivated coal miners to gradually move to the more economical Illinois Basin region.
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