| Arch Coal Runs out of Steam as September Starts | |
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US Coal Shipments Keep Rising in a Tough Industry Environment (Continued from Prior Part) Coal ETF
During the week ending September 4, the Market Vectors Coal ETF (KOL) lost 5.2% as doubts over China’s growth prospects continued to hamper the ETF. Chinese stocks account for 25% of the ETF’s total holdings. Moreover, China, being the biggest importer and consumer of coal in the world, drives sentiments in the global coal industry.
During the same week, the broad-based SPDR S&P500 ETF (SPY) lost 5.2% as weak Chinese economic data sparked a sell-off in global equity markets.
Arch Coal
Arch Coal (ACI), which had seen a rally since mid-August on positive sentiments due to a debt exchange deal, plunged 34.1% as J.P. Morgan (JPM) published a bearish outlook on coal prices. On September 4, Arch Coal closed at $5.41, down from August 28’s $8.21 a share.
Other losers
Cloud Peak Energy (CLD) fell 11.7% during the September 4 week to close at $3.86. The stock had rallied the previous week. Last week’s fall represents a correction.
Consol Energy (CNX) continued to experience pressure, as both coal and natural gas prices have remained weak. The stock lost 6.9% to end the week at $13.4.
Peabody Energy (BTU) dropped 4.6% to end the week at $2.29.
Gainers
Westmoreland Coal Company (WLB) and Natural Resource Partners (NRP) gained 5.7% and 3.1%, respectively, defying the trend in the coal industry and broader market.
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VanEck Vectors Global Alternative Energy ETF
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PRODUCTEUR |
CODE : ACI |
ISIN : US0393801008 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Arch Coal est une société de production minière de charbon basée aux Etats-Unis D'Amerique. Arch Coal détient divers projets d'exploration en USA. Ses principaux projets en production sont WEST ELK, BLACK THUNDER et JACOB'S RANCH en USA et son principal projet en développement est SPRUCE N° 1 en USA. Arch Coal est cotée aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 880,5 millions (792,0 millions €). La valeur de son action a atteint son plus haut niveau récent le 27 juin 2003 à 99,96 , et son plus bas niveau récent le 01 octobre 2018 à 0,01 . Arch Coal possède 47 442 200 actions en circulation. |