Coal commodity prices spiking?

 
FOilCompanies
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Post by FOilCompanies » Wed. Mar. 02, 2022 8:55 am

I can't claim to be an expert on this but it looks like coal is currently at $410 a ton on the commodity market. Am I the only one worried about this?

https://markets.businessinsider.com/commodities/c ... price?op=1


 
fig
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Post by fig » Wed. Mar. 02, 2022 11:27 am

Wait until next year.

 
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Post by lzaharis » Wed. Mar. 02, 2022 2:53 pm

Ah yes,

The futures market will scare the pants off you and then take your skivvies while you are
still looking then take your socks while leaving your shoes on your feet leaving you to walk home
with blisters.

When futures traders are betting/buying on commodities like pork bellies steel, rubber and the like
they are gambling and it all depends on the economics of demand and supply in the marketplace.

You have to be willing to lose 2+ times the value of a futures trade that you buy at the days price.

 
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Post by coalnewbie » Fri. Mar. 04, 2022 2:43 pm

Well FOC thx to you I just ordered another TT load of rice. This money came out of my coal budget which does not exist yet. I just know there will be big increases in prices before next winter and I need to stay warm. Price increases .. of course but still the best deal in town. I know trucking will kill me

 
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Post by welder1186 » Fri. Jun. 24, 2022 4:57 pm

I am having 4 tons of anthracite pea coal delivered tomorrow morning @260.00 a ton

 
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Post by Lightning » Fri. Jun. 24, 2022 7:07 pm

FOilCompanies wrote:
Wed. Mar. 02, 2022 8:55 am
I can't claim to be an expert on this but it looks like coal is currently at $410 a ton on the commodity market. Am I the only one worried about this?

https://markets.businessinsider.com/commodities/c ... price?op=1
No.. we've been discussing it on other threads for a few weeks now.

 
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Post by welder1186 » Fri. Jun. 24, 2022 9:58 pm

I am having 4 tons of pea coal delivered tomorrow 260.00 per ton.


 
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Post by McGiever » Fri. Jun. 24, 2022 10:59 pm

FOilCompanies wrote:
Wed. Mar. 02, 2022 8:55 am
I can't claim to be an expert on this but it looks like coal is currently at $410 a ton on the commodity market. Am I the only one worried about this?

https://markets.businessinsider.com/commodities/c ... price?op=1
Lightning wrote:
Fri. Jun. 24, 2022 7:07 pm
No.. we've been discussing it on other threads for a few weeks now.
Lee, he made that comment back in March you know. Pretty profound I’d say. 😀

 
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Post by Lightning » Sat. Jun. 25, 2022 11:39 am

McGiever wrote:
Fri. Jun. 24, 2022 10:59 pm
Lee, he made that comment back in March you know. Pretty profound I’d say.
:lol: guess I better pay attention!

 
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Post by captcaper » Mon. Jun. 27, 2022 6:44 am

I'm glad I got what was left over from TSC last April instead of picking it up late summer on their lay away sales. I saved over $700 at todays price's. Jumped up $2.00 a bag

 
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Post by c&t coal » Mon. Jun. 27, 2022 2:32 pm

Some TSC stores are still at $6.99/bag but some others are at $9.99 and some aren't listing any coal.

 
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Bob500
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Post by Bob500 » Fri. Jul. 01, 2022 12:02 pm

coal2022.jpeg
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I was waiting to see if prices calm down but decided to add another ton of Lehigh nut.
$375.00 + $75.00 delivery and $7.00 fuel charge. Total of $457.00.

 
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Post by c&t coal » Fri. Jul. 01, 2022 12:56 pm

I don't think it's going to calm down until the war is over. I was just checking the commodity market and coal is at $385. The low was back in Aug. at around $150. As soon as the tanks rolled in Feb. it was out of sight.

 
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Post by lincolnmania » Fri. Jul. 01, 2022 2:46 pm

c&t coal wrote:
Mon. Jun. 27, 2022 2:32 pm
Some TSC stores are still at $6.99/bag but some others are at $9.99 and some aren't listing any coal.
I got a raincheck for 100 bags at $6.99 a bag. my coal man already warned me that the next delivery will be at least 400 a ton. got 3.25 ton this week for 287 ton delivered.

 
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Post by c&t coal » Fri. Jul. 01, 2022 5:22 pm

Good deal !


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