US Coal Producers See Surge in Demand
The Bedford Report Provides Analyst Research on Patriot Coal & Arch Coal

NEW YORK, NY -- (Marketwire) -- 01/12/11 -- US coal producers saw their shares skyrocket yesterday after The Wall Street Journal reported that approximately 13 million tons of metallurgical coal -- a key ingredient in steel production -- has been taken out of the market in recent weeks due to flooding in Queensland, Australia. Australia is the top export market for coal consumed by steelmakers, and following the flood reports, buyers have flocked to the US to satisfy their coal needs. The Bedford Report examines the outlook for companies in the coal market and provides research reports on Patriot Coal Corporation (NYSE: PCX) and Arch Coal Inc. (NYSE: ACI). Access to the full company reports can be found at:

The coal stocks index has surged more than 10 percent in the past month as strong demand in China and India are providing a boost to coal producers. In fact, an official with China's coal association said late last year that the country's demand for coal will continue to increase in the next five years and is expected to reach 3.8 billion tonnes in 2015. The surprising surge in coal demand has sent coal prices up to two years highs.

The Bedford Report releases regular market updates on the Coal Market so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at and get exclusive access to our numerous analyst reports and industry newsletters.

On the downside, in North America, Utilities companies are being urged to lower their coal consumption for environmental purposes. Additionally, the growing North American natural gas market has drastically reduced prices to the point that it is more economical for utilities to use natural gas instead of the traditionally cheap coal. Natural gas supplies have grown exponentially in the last year as new technologies have made it easier for producers to unlock previously unreachable reservoirs in onshore shale formations. This supply/demand scenario has sent natural gas prices plummeting.

The Bedford Report provides Analyst Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. The Bedford Report has not been compensated by any of the above-mentioned publicly traded companies. The Bedford Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at

Add to Digg Bookmark with Add to Newsvine

The Bedford Report
Email Contact

Related Stocks:
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here