US thermal coal exports jump to 5-year highs on Asian demand: Maguire

US thermal coal exports jump to 5-year highs on Asian demand: Maguire

United States thermal coal exports hit their highest levels since 2018 during the first eight months of 2023, climbing 20% from the same period in 2022 thanks to strong demand from key consumers including China, India and South Korea. Total U.S. exports of coal used for power generation hit 22.5 million tonnes through August, up […]

US coke exports jump again in July

Petroleum coke exports from the US jumped in July as shipments to India, Brazil and Turkey gained by two- to as much as nearly sixfold from a year earlier. The US exported 3.55mn t of green coke in July, up by 45pc from the same month in 2022, according to customs data compiled by Global […]

US thermal coal exports rise for the 3rd month

US thermal coal exports rose in July from year-earlier levels for the third consecutive month, helped by increased demand from industrial buyers. Steam coal shipments from the US climbed to 3.05mn short tons (2.77mn metric tonnes) in July from 2.48mn st a year earlier, US Commerce Department data released today showed. Metallurgical coal exports also […]

Seaborne Coal Volumes Hit Record Highs In 2023

Global coal demand continues to rise, especially in Asia, with seaborne coal volumes predicted to surpass previous records. US coal production has decreased, but exports, particularly to Asia, are increasing, with CEOs focusing on international markets. Drought conditions in Panama cause shipping delays and rerouting, favorably impacting Panamax freight rates and altering global coal trade […]

Utah coal exports to continue after 2027: Correction

Exports of Utah coal to international markets will continue after 2027 despite environmental lobbyists successfully forcing California’s key export coal terminals to close, senior vice-president of Wolverine Fuels Patrick Barrett said. The Richmond terminal in California’s Bay Area must end coal exports by 31 December 2026, according to a city ordnance, Christian Schaeffer, chief executive […]

US thermal coal exports rise for 2nd month

US thermal coal exports rose in June from year-earlier levels for a second month as buyers in the northern hemisphere stocked up ahead of the summer cooling season. Roughly 4.08mn short tons (3.7mn metric tonnes) of thermal coal departed the US during the month, up from 3.4mn st a year earlier, preliminary figures reported today […]

U.S. railroads say heatwave to reignite coal shipments this year

U.S. railroad operators expect heatwaves across the northern hemisphere to reignite coal shipments as people crank up the air conditioning to beat the heat. Grid operators from Texas to California have been relying more on natural gas and renewables to generate power, but the surge in demand could push up natural gas prices and make […]

US railroad NS expects coal exports to rise

Eastern US railroad Norfolk Southern (NS) expects coal volume to rise in the back half of 2023 as strength in export markets offsets weaker utility demand. The railroad expects production at NS-served coal mines to rise to meet export demand, which may increase shipments. But NS forecasts that seaborne coal prices may drop Utility coal […]

EIA lowers US coal burn forecasts

he US Energy Information Administration (EIA) lowered its US coal consumption and generation forecasts for this year and 2024 as natural gas prices have been lower than expected. The agency today revised its forecast for overall coal consumption down to 410.4mn short tons (372.3mn metric tonnes) in 2023 and 397.4mn st in 2024, from 512.6mn […]

US coking coal exports continue to rise in May

US coking coal exports rose by 4.9pc on the year and 18.1pc on the month to 4.3mn t in May, driven by increases in shipments to India, Brazil and China. Exports to India totalled 897,717t in May, up by 27.6pc on the year as stronger demand for finished steel from Europe drove Indian steel exports up […]