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Alliance Resource Partners LP Message Board

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  • flfedwatcher flfedwatcher Feb 21, 2009 6:57 PM Flag

    The negative case

    re the LT contracts. No buyer respects LT price commitments. They just buy elsewhere, for lower prices, wait for you to realize their volumes are low, and when you ask, they say something like...our volumes are lower than anticipated...and when you push, they say...we have to be competitive...

    EXM crashed this past week. Everyone was so sure their LT contracts for their ships were at a good price, till their biggest customer told them that they would only pay 50% of the contract price, take it or never talk to us again.

    LT contracts protect the buyer, sellers are always at risk.

    Coal is at the point, with iron ore, on the deflation/inflation story. I think that story will play out a lot in the next month. Watch the RIO negotiations with China for an indication.

    Just my guess, I don't have ARLP, but I do trade coal stox.

    Feddy

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