Coal prices soar to record highs on strong demand from a Europe in crisis

Domestic coal prices have shot to record territory as the global energy crisis and the European Union’s impending Russian coal ban drive European power customers to seek out imports from the United States. European countries contending with significantly pricier natural gas are staring down a shortage of gas supplies this winter, leading them to switch back to more of the carbon-intensive fuel they’ve […]

European coal imports support dry bulk freight rates

Increased European coal imports are providing support for dry bulker freight rates as heightened demand for alternative sources of thermal fuel amid western sanctions on Russia is partially offsetting downward pressure from diminished iron ore demand globally. Since the onset of the war in Ukraine in late February, coal imports by some European countries have […]

INDUSTRY POINTS TO EUROPE IN STRESSING THE VALUE OF COAL

Coal interests see Europe’s crisis-driven reversion to coal as a “wakeup call” to the U.S., arguing that it should better value the fuel in order to avoid the high energy prices afflicting allies in the region. “It’s certainly a message to the United States as well that we need to prioritize all of our domestic fuels, including […]

Europe Runs Back To Coal After Putin Cuts Off Natural Gas

European nations are firing up idled coal-powered plants to make up for lost energy supplies after Russia slashed natural gas exports to Europe in June. Russian state-backed energy companies cut liquefied natural gas exports last week, leaving Europe in search of alternative energy sources. Germany, Austria and the Netherlands recently announced moves to increase energy production from […]

US coal exports climb 10.1% on month in April: Census Bureau

Monthly US thermal and metallurgical coal exports increased 10.1% from the previous month to 7.3 million mt in April, US Census Bureau data showed June 8. Metallurgical coal accounted for 52.5% of total US coal exports at 3.8 million mt. Thermal coal exports at 3.5 million mt accounted for 47.5% of the US total. A […]

US coal exports climb 10.1% on month in April: Census Bureau

Monthly US thermal and metallurgical coal exports increased 10.1% from the previous month to 7.3 million mt in April, US Census Bureau data showed June 8. Metallurgical coal accounted for 52.5% of total US coal exports at 3.8 million mt. Thermal coal exports at 3.5 million mt accounted for 47.5% of the US total. A […]

US steam coal exports resumed gain in April

US thermal coal exports reached a 13-month high in April as international buyers sought to restock supply and some US coals held larger competitive price advantages to other seaborne markets. A total 3.82mn short tons (3.47mn metric tonnes) of steam coal departed US ports during the month, up from 3.13mn st in April 2021, according […]

Hampton Roads coal exports rose in April

Coal exports from Hampton Roads, Virginia, topped year-earlier levels in April, but continued to recede from the three-year high set in February. Terminals at the port handled a little under 2.5mn short tons (2.27mn metric tonnes) of coal in April, up from 2.47mn st in the same month of 2021, according to data released today […]

Coal’s comeback perseveres through mid-2022: Analysis

American coal prices in the aftermath of the coronavirus have reached unprecedented highs and world events are notching prices even higher [see “Russia-Ukraine war likely to bolster U.S. coal imports,” Trains News Wire, March 28, 2022]. While coal supply remains tight, continued favorable pricing may increase mining-company confidence to tap into reserves made cost-effective by today’s spot-market […]