world-coal-mine-consumptionIncome of U.S. coal miners has declined sharply in the third quarter. Coal miners decline in U.S. revenue due to demand for U.S. coal production from the producers of electricity generation. More tinggin coal prices if demand for coal exports from steel producers. Coal demand from steel producers can provide long-term effects.

The economic crisis affecting the production and sale of coal in the U.S., because the economic crisis hit most steel companies, so the demand for coal exports from the U.S. decreased. But analysts predict will be an increase in income of coal miners, as steel producers will again demand from the U.S. coal exports.

“We generally support the coal producer with international leverage, particularly in relation to the production of steel by metallurgical coal, more than thermal coal producers,” analyst Jeremy Sussman of Brean Murray, Carret & Co. said on Thursday.

And Morgan Stanley, Mark and Wes Sconce Liinamaa said they expect strong premium metallurgical or coking coal for steel making which will sell at $ 160 per ton in 2010, with the trend of higher prices through 2013. In June, coking coal benchmark price is $ 129 per ton.

“Our team sees higher commodity prices of thermal coal seaborne going forward, but we do not expect the demand for U.S. exports of thermal coal for 12-18 months,” said Morgan Stanley analysts said in a research note.

In afternoon trading on the New York Stock Exchange on Friday, the S & P index of coal stocks. GSPCOAL fell 1.2 percent, with Alpha Natural Resources the biggest loser, down 3 percent at $ 37.61. Console Energy fell 2.4 percent to $ 49.76, Massey Energy fell 1.4 percent to $ 32.89, Peabody Energy fell 1.3 percent at $ 41.69 and Arch Coal was off 11 cents at $ 23.94 .

This week, Dahlman Rose & Co. lowered Peabody, Arch and James River Coal to “hold” from “buy,” said the weak prospects for thermal coal does not support the current assessment.

Peabody’s earnings season kicks off coal miners next Tuesday, followed by the Arch, consoles Energy, Massey Energy and Alpha Natural Resources.

Of those producers, only the console seen posting higher profits than the year 2008 quarter, according to Thomson Reuters. Analysts on average expect revenue to console 66 cents per share, compared with 49 cents the previous year.

“The console has a great meet mine (Buchanan, in Virginia) and we wish it to do better than expected as has happened many places demand from China,” said Sussman.

He said the Arch has at least metallurgical coal from the big miners, and analysts currently expect profits to be 4 cents per share, far 68 cents last year.

Peabody produces coking coal in the mines of Australia, but analysts expect a large decline in third-quarter profit of $ 1.38 per share to 22 cents. Income Massey, which has about 25 percent of metallurgical coal, is expected to fall to 18 cents per share from 86 cents a year ago and profits expected to fall to the Alpha 39 cents from 90 cents a year earlier.

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