US coal exports rose in October, topped 2019 levels

US coal exports rose in October, topped 2019 levels

US coal exports extended their year-on-year gains in October but lagged the two-year highs set earlier in 2021. Shipments to other countries rose to 7.26mn short tons (6.59mn metric tonnes) in October from 4.92mn st in October 2020, according to Commerce Department data. The latest month volumes compared with 6.59mn st in October 2019, the […]

US, Canada coking coal exports shift towards Asia

Total US exports rose by 46.2pc year on year in line with higher output, a global recovery in demand and strong demand for US coals in China. Canadian exports grew by a more limited 5.1pc over the same period to 2.19mn t, with major producer Teck expecting its third-quarter sales to be cut by 300,000-500,000t after fire […]

Asia, Africa demand lifts US coal exports

US coal exports extended year-over-year gains in August, led by increased demand to countries in Asia and Africa. A total 7.69mn short tons (st) (6.98mn metric tonnes) of coal departed US ports during the month, US Census Bureau data released today show. That was up from 4.54mn st a year earlier and less than 1pc […]

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 […]

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 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 […]

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 […]

Chile, NE Asia Bolster Drummond’s Coal Exports

A spike in Chilean demand and firm loadings for northeast Asia supported Colombian coal producer Drummond’s thermal coal exports in May, company figures show. Drummond’s total loadings rose by 667,000t on the year and by 512,000t on the month to 2.89mn t in May. The mining company shipped 14.1mn t in the first five months […]