Report urges US coal producers to step up trading activities
Struggling US coal producers should compensate for weak domestic demand by becoming more active participants in physical and financial coal markets, according to New York-based consultancy firm Deloitte.
The report, which was released on September 16, calls on US producers to set up proprietary trading desks that would trade both physical coal and derivatives – a sharp shift in strategy for companies that have traditionally focused on marketing their coal domestically.
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