US coal production slips by 2.1%:
The US Energy Information Administration estimated that the US coal production slipped by 2.1% during the week ended January 31, 2009.
As per reports and information from our sources,Spot Metallurgical coal prices in USA market increased ahead of final negotiations for the quarterly benchmark contract.Reportedly,spot prices for low volatility coking coal gained USD 1.25 or 0.4% to USD 321.25 a ton in the week ended today.