SEE MORE: Coal ETFs Fire Up on Easing Chinese Production
“Lost in the sea of negative reports is the fact that premium hard coking coal prices have more than doubled in the past six weeks alone. But this short-term trend is just part of a larger story playing out in the coal space throughout this year,” according to ETF Daily News.
The ongoing shale oil boom has pressured natural gas prices and made natgas a cheap alternative to coal. Additionally, new environmental regulations have forced coal-fired power plants to close, and many are being replaced with natural gas.
“The ongoing shale oil boom has pressured natural gas prices and made natgas a cheap alternative to coal. Additionally, new environmental regulations have forced coal-fired power plants to close, and many are being replaced with natural gas,” adds ETF Daily News.
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VanEck Vectors Coal ETF
