A cold day for coal, with more to follow?

|By:, SA News Editor

Coal stocks (KOL) had a terrible 2013 amid much improved second halves, but with coal getting hit early this year, Ben Levisohn wonders if the coal boomlet has run its course.

The commodity currencies remain under pressure in a well supplied commodities market and weakening Chinese growth, J.P. Morgan's John Bridges explains, as the firm lowers its coking coal benchmark forecasts by $10/ton for 2014 and 2015; however, rail companies may relinquish some margin to support U.S. met coal after benefiting from sharply higher freight rates as the coking coal price peaked.

In today's trade, ANR -6.3%, CNX -1.4%, BTU -1%, ACI -2%, WLT -4.5%, JRCC -2.1%.

Yesterday: Despite the gas boom, U.S. coal isn't dead.