Tuesday, November 9, 2010
Weekly Coal Review 11/10/2010
Power generation totaled 70.3k GWh last week, up 1.5% YoY with Heating Degree Days registering 43 days, 7 less than last year while Cooling Degree Days came in at 13 days, 4 better than last year. Weekly coal shipments totaled 20.4 mln tons (+4.2% YoY). Citigroup estimates that coal stockpiles rose 1 mln tons WoW and now stand at 166-168 mln tons. According to Platts' survey, physical PRB declined $0.20/ton to $13.20/ton while other basins stayed steady.