News

US coking coal exports decline amid cuts

US coking coal exports fell by 35.1pc on the year to 3.48mn t in October as shipments to Europe and Asia-Pacific declined, trade data show, reflecting steel capacity cuts and lower mine output. As demand has fallen, US coking coal output is expected to decline, with up to seven bankruptcies among mining firms having occurred […]

Westshore Terminals sees highest quarterly coal exports in two years

Westshore Terminals reported 8.3 million mt of coal exports in the third quarter, up 9.2% from Q2 volumes and 5.1% higher than the year-ago quarter, the company reported last week. It was the second highest amount in the last five years for the terminal, which is the located near Vancouver, British Columbia. The terminal handled […]

US Met Coal Exporters Lean to Asia as EU Flags

US coking coal exporters continue to lean more heavily toward Asian markets in an attempt to offset flagging European demand, while Turkey and Brazil also struggle to provide much uplift. The latest data from the US Census Bureau show 26.6pc of September’s coking coal exports heading to Asia, up from a 13.5pc share a year […]

Seaborne thermal coal trade to hit 1 bil mt in 2019 as new growth areas emerge

Ho Chi Minh — A tenuous supply and demand balance is expected in the global seaborne thermal coal market in 2020 as trade dynamics shift and new growth areas emerge, speakers at the CoalTrans Conference in Vietnam said Tuesday. Seaborne trade for thermal coal, the most widely used fuel for generating electricity, is expected to […]

Consol executives see thermal coal export market improvement, tout positioning

Amid weakened export pricing, reduced domestic demand and a recent slew of bankruptcies, Consol Energy Inc. executives touted the coal miner’s position as a consistent force in the international market as well as its flexible financial situation to handle challenging market conditions. The price on thermal and metallurgical export coal has dropped significantly this year, […]

EU coal imports continue to decline in August

Weak coal burn kept net EU thermal coal imports at historic lows in August and poor margins for generators are likely to have restricted receipts since then as well. Positive clean dark spreads for base-load generation during the peak winter months may support a modest recovery in coal burn and imports, but the potential for […]

US coal production forecast to decline 17% in Q4: EIA

The US Energy Information Administration is forecasting a 17% decline in fourth-quarter coal production from the year-ago period, according to the agency’s monthly Short-Term Energy Outlook. The report, issued Tuesday, forecasts total US coal production to sink to 159 million st in the final three months of the year, a decline of 34 million st […]

US coal exports extend declines in August

US coal exports fell again in August as pressure on both thermal and metallurgical seaborne markets intensified, government data show. Shipments fell to 7.71mn short tons (6.99mn metric tonnes) from 9.99mn st in August 2018, according the US Census Bureau. The decrease kept year-to-date shipments about 17pc below 2018 levels but still above 2017 exports. […]

Hampton Roads coal exports extend declines

Coal exports out of Hampton Roads, Virginia, fell for a seventh month in August reflecting lower metallurgical and thermal prices. Terminals at the port loaded 2.85mn short tons (2.58mn metric tonnes) of coal last month, down from 4.29mn st a year earlier, the Virginia Maritime Association said today. The decrease keeps exports from Hampton Roads […]