Sep. 8 at 2:45 AM
$CNR CNR news flow is quiet. The tariff dispute with India and closer ties to Russia/China continue to depress seaborne met coal and thermal demand. Atlantic high-vol A is steady at
$154/ton; API2 thermal slipped 2.6% to
$96.25. India remains a key buyer.
Domestically, thermal demand is firm: coal train volumes rose 2.1% last week, and PRB prices ticked up to
$14.35/ton, supporting Texas power markets.
AI-driven power use underpins longer-duration U.S. coal cash flows. A resolution in tariffs or a sustained Ukraine rebuild would materially lift international markets. CNR is cutting share count, realizing merger synergies, and remains positioned as a coiled spring.