Alliance Resource Partners lower ILB prices were pulled down by two factors
Importantly Guidance was that sales prices to improve over the balance of 2017.
- ARLP northern ILB longwall mine which is high chlorine is now at full production (~2mt for the Qrt) and this coal sells for a big discount ~$30/t. (PNL is low chlorine). Obviously this drags the overall sales price average down
- Given the contract to delivery lag, a portion of tons delivered were from contracts locked in throughout H1 last year at the bottom of the market which would have ranged from $40-$45/t
Liquidity position building and distributions steady so obviously preparing to acquire something.
Alliance Resource Partners lower ILB prices were pulled down by...
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