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 […]

Analysis: Coal producers bet on met (coal) in 2022

The COVID-19 pandemic may have shuttered economies and slowed industrial momentum, but a global rebound is helping coal producers refocus their long game on metallurgical coal investment as a broader initiative to diversify the sector. Met coal is a higher-priced coal used in the steelmaking process. Railroads have longstanding relationships with producers in both industries, […]

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 […]