US coal producer Alliance’s sales rise on exports

US coal producer Alliance’s sales rise on exports

US coal producer Alliance Resource Partners’ sales jumped by nearly 24pc in the second quarter on a surge in exports and better than expected domestic utility demand. Alliance sold 10.5mn short tons (9.5mn metric tonnes) of coal from April-June, up from 8.47mn st a year earlier, the company said. Alliance last quarter made agreements to […]

US coal exports may surge 60% in 2018 – analyst

US seaborne thermal coal exports could surge 60% this year amid a shortfall in global supply and healthy import demand, the director of consultancy Perret Associates told Montel. Guillaume Perret estimated the country’s coal exports could rise from 36.7m tonnes in 2017 to 58m tonnes this year and 60m tonnes in 2019. Citing a “structural […]

US coal exports surge over year-ago period on strong Indian demand in Q1

U.S. coal exports rose 14.8% in the first quarter compared to the prior-year period, driven by sharply increased demand from India. India bought 5.7 million tonnes of coal from the U.S. in the first quarter, up 76.3% compared to the same period a year ago, according to an S&P Global Market Intelligence analysis. Brazil, Croatia, […]

US coal exports continued gains in May

US coal shipments abroad totaled 9.65mn short tons (8.75mn metric tonnes) in May, up by 33.2pc from a year earlier. That represented the 19th straight month of year-over-year gains. May exports were down from April’s five-year high, but still represented the second-highest export level in nearly five years. The last time exports were as high, […]