In the European market, cargoes for delivery in January to Amsterdam, Rotterdam and Antwerp (ARA) fell $1.25 to $73.75 per ton, according to Reuters. Cargoes for delivery in December from the Newcastle terminal in Australia dropped $1.35 to $63 per ton, and February cargoes dipped 35 cents to $64.35 per ton.
Arch Coal is the second-largest U.S. coal producer. The company has mining complexes in Colorado, Illinois, Kentucky, Maryland, Virginia, West Virginia and Wyoming.
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Separately, TheStreet Ratings team rates ARCH COAL INC as a "sell" with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:
"We rate ARCH COAL INC (ACI) a SELL. This is driven by a number of negative factors, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity, poor profit margins, weak operating cash flow, generally disappointing historical performance in the stock itself and generally high debt management risk."