Met coal producers shift to spot pricing amid volatility

Jun 25, 2013 | 09:19 AM | Stacy Irish

Tags  Ernie Thrasher, XCoal Energy & Resources, IHS McCloskey Coal USA, coal, metallurgical coal, spot pricing, Stacy Irish

NEW YORK — Metallurgical coal producers have moved to shorter-term spot pricing as a way to manage volatile prices, according to a top executive at Xcoal Energy & Resources LLC.

"In an oversupplied market, less than 10 percent of the seaborne-traded coking coal is priced at a headline benchmark price," Ernie Thrasher, chief executive officer and chief marketing officer of the Latrobe, Pa.-based company, said June 21 at the IHS McCloskey Coal USA conference in New York.....

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