Power-Station Coal May Rise to $150 a Ton, Credit Suisse Says

Power-station coal may rise to $150 a metric ton in the “coming weeks,” driven by extreme weather conditions, before declining in the year, according to Credit Suisse Group AG.

“The unexpected cold weather so far this season has taken a toll on global energy inventories and reset energy prices to varying degrees,” Joachim Azria, a New York-based analyst with Credit Suisse, wrote in a report dated Jan. 10. “We expect coal prices to move above $150 in coming weeks and possibly higher if there are further significant disruptions to supply.”