Fitch Ratings expects high-cost producers in Australia and the U.S to cut production if the current low prices remain going into 2013.
“Prices could stay at the current low levels or move lower as long as the US is adjusting to cheap natural gas,” Citigroup said in an industry report.
Currently, coal-related ETFs are based on companies involved in coal production, including the Market Vectors Coal ETF (NYSEArca: KOL) and the PowerShares Global Coal Portfolio (NYSEArca: PKOL).
For more information on coal, visit our coal category.
Max Chen contributed to this article.