China Snubs Australian Coal, Giving U.S. Coal Producers Breathing Space

China Snubs Australian Coal, Giving U.S. Coal Producers Breathing Space

Donald Trump tried to fire up the coal sector. But fierce market winds blew out any flames. Ironically, Trump’s departure has benefited U.S. coal producers — now that China has dumped Australian coal and it is getting U.S. supplies. It is a nod to President Biden: China needs reliable trading partners that can feed its […]

Tight supply limits US, Canada coking coal exports

Supply constraints weighed on US and Canadian coking coal exports in July, trade data show, as producers were unable to take full advantage of strong Chinese demand for non-Australian coal and high seaborne prices. US coking coal exports in July fell by 9.3pc compared with 2020 and by 20.3pc from a month earlier to 3.08mn […]

US coal shipments to China surge more than 30-fold amid Australian trade dispute

U.S. coal shipments to China leaped more than 30-fold in the second quarter, as miners took further advantage of the Asian powerhouse’s prolonged trade dispute with Australia. Deliveries surpassed 2.4 million tonnes compared to just 75,000 tonnes a year earlier, according to an S&P Global Market Intelligence analysis of industry data. The surge fueled a […]

Coal price rally seen to continue on robust China’s demand

Coal prices have rallied in the past week as strong demand for the power-station fuel, particularly from China, exceeded supply, with coal futures shooting up to multi-year highs of above $170 a tonne. Coal futures at US ICE stood at around $172 per tonne today, 18 August – more than double January’s level of around […]

US coal exports on the mend despite mixed long-term outlook

The amount of coal shipped from U.S. shores rose during the second quarter, buoyed by robust demand from international markets, particularly in Asia. Exports of U.S. coal jumped 52.5% year over year to 20.6 million tonnes in the June quarter from 13.5 million tonnes, according to an S&P Global Market Intelligence analysis. In 2020, the […]

US coal exports hit 2-year high in June

US coal exports reached a two-year high in June, helped by a surge in shipments to China, India and Japan. A total 7.84mn short tons (7.1mn metric tonnes) of coal left US ports during the month, US Census data released today show. The last time exports were higher was in June 2019. Exports for the […]

Record U.S. Coal Shipment to China Highlights Australia’s Pain

China’s import ban on Australian coal is proving a boon to U.S. producers. On June 28, the Frontier Unity bulk vessel left the port of Newport News, Virginia with a 136,400-ton cargo bound for steelmakers in China. It was the biggest shipment of its kind from a U.S. east coast port, according to miner Coronado Global […]

US coal cutting Australia’s lunch

China – which is Australia’s largest trade partner with a longstanding regional relationship – is in a tit-for-tat dispute with Australia. Meanwhile the US is capitalising on the situation even though it is encouraging its allies around the world to push back against the Chinese Communist party.  The US is ramping up its exports of […]

U.S. rising coal shipment to China shadows Australia’s mining

The U.S. mines have experienced a stark turnaround and boost in exports to China to the highest since 2013, Bloomberg News reported on Thursday. According to miner Coronado Global Resources Inc., the Frontier Unity bulk vessel left the port of Newport News, Virginia with a 136,400-ton cargo bound for steelmakers in China, which was the […]