Goldman Almost Doubles Asia Coal Forecast on Supply Crunch

Goldman Almost Doubles Asia Coal Forecast on Supply Crunch

Goldman Sachs Group Inc. almost doubled its outlook for Asian coal prices as a global recovery in power demand and production issues in key mining countries combine to make supply scarce. Benchmark Newcastle thermal coal will average $190 a ton in the fourth quarter, up from a previous forecast of $100, to meet demand in […]

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 […]

Arch Commences Production at World-Class Leer South Longwall Mine

Arch Resources, Inc. (NYSE: ARCH) announced that it recently commenced production at its new Leer South longwall mine in Barbour County, West Virginia.  When fully ramped, the mine is projected to produce up to four million tons per year of premium-quality, High-Vol A metallurgical coal for sale into global steel markets. “This is a momentous development […]

US coal exports plummet 42.2% on week of Hurricane Ida: cFlow

Weekly US coal ship departures plummeted in the week ended Sept. 5 due to Hurricane Ida and its aftermath. Twenty-nine coal ships carrying nearly 1.48 million dwt of coal departed the US, down 42.2% from 2.55 million dwt on 41 ships the previous week, Platts cFlow trade-flow analytics software showed Sept. 7. The laden and part-laden ships […]

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 thermal coal boosted July coal exports

US steam coal exports for July climbed off of the nearly four-year low set in July 2020 as demand and prices continued to climb. Thermal coal shipments totaled 3.12mn short tons (2.74mn metric tonnes) in July, Census Bureau data released today show. That was more than double the 1.61mn st exported in July 2020, when […]

Collier Ships are back on the Horizon

Coal is back. According to the US Energy Information Administration, coal exports are projected to climb to 83.8 million st (short ton) in 2021, up from the four-year low of 69.1 million st in 2020. Exports are expected to increase again in 2022 to 99.1 million st. Thermal coal export volumes are estimated at 36.9 […]

China’s boycott of Australia has redirected global flows of coal

Since Beijing instituted an unofficial boycott of Australian coal last October in a major escalation of the two countries’ trade conflict, global flows of coal have undergone a major reshuffling. While Chinese imports of Australian coal have effectively dropped off to zero, imports from other countries have shot up to fill the gap. After all, coal makes up […]