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6/11/2012 7:14:29 PM
Spot coal prices by coal commodity regions (i.e., Central Appalachia ( CAP ), Northern Appalachia (NAP), Illinois Basin ( ILB ), Powder River Basin ( PRB ), and Uinta Basin (UIB)) in the United States.
Mild winter and spring weather reduced demand for coal from utilities that use it as fuel to generate electricity. Additionally, utilities and some manufacturers have switched from coal to cheaper natural gas for fuel. The price of natural gas has fallen nearly 25 percent this year because booming production has produced a glut, further weakening the attractiveness of coal.
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