Until very recently, it seemed like thermal coal producers couldn't buy a break. Utility inventories were well above historical averages, prices were barely sufficient to break even, and demand continued to decline (as seen in the traffic numbers for major railroads). That's taken the price of Arch Coal (NYSE:ACI), the country's second-largest coal producer) down more than 90% over the past five years. Now it seems like there are some signs of life in the thermal coal market, but will the recovery be strong enough to meaningfully improve the fundamentals for this struggling coal producer?
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http://www.investopedia.com/stock-analysis/052913/will-improving-thermal-coal-markets-boost-arch-coal-aci-btu-cld-cnx.aspx
Investopedia: Will Improving Thermal Coal Markets Boost Arch Coal?
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