US met coal miners expect more upside

US coking coal producers say spot prices have yet to hit a ceiling, despite the lull in China, as buyers digest surging offer levels and plans by top economic planning body the NDRC to stabilise steel and iron ore prices. While last week’s US low-volatile offers approaching $300/t cfr China and a dip in Chinese steel […]

Shifts in Global Coking Coal Trade Flows Deepen

US and Canadian coking coal exports to China and Europe rose in the first quarter of 2021 but lost ground to Australian material in other markets amid further deterioration in Chinese-Australian relations. US first-quarter coking coal exports fell by 11.3pc to 9.39mn t, while Canada’s fell by 30.7pc to 7.86mn t. US exports to China […]

US coal exports jump to 18-month high in March: Census

US coal exports rose to an 18-month high 6.88 million mt in March, as thermal coal exports jumped to their highest level since January 2019, while metallurgical coal shipments declined on the month, according to US Census Bureau data released May 4. March coal exports were up 2.5% from 6.71 million mt in February and […]

Wyoming: States to be sued if coal exports halt

While most states pursue ways to boost renewable energy, Wyoming is doing the opposite with a new program aimed at propping up the dwindling coal industry by suing other states that block exports of Wyoming coal and cause Wyoming coal-fired power plants to shut down. The law signed April 6 by Republican Gov. Mark Gordon […]

Suncoke sweetens outlook for 2021

Coke maker and logistics company Suncoke Energy expects 2021 volumes and profits to come in at the high end of forecasts, partly because of stronger coal exports. The company projected today that its logistics business will handle 18mn-18.5mn short tons (16.3mn-16.8mn metric tonnes) of coal and other products this year, up from 14.7mn st in […]

US Energy Trade: Powering the Global Economic Recovery

More than a year has passed since the global COVID-19 pandemic was declared. While America, and particularly my home state of West Virginia, has made unprecedented strides in its recovery, there is still much to be done to get the global economy back on track. As the world recovers from the COVID-19 pandemic, it is […]

EIA US coal production, export, consumption forecasts rise for 2021

The US Energy Information Administration forecast coal production of 585 million st in 2021, up 8.6% from 2020 output of almost 540 million st, the EIA said April 6. In 2022, the EIA projected output of about 602 million st. Coal exports for 2021 were projected to total nearly 79 million st, up 13.6% from […]

US coal exports rose in February

Total US coal exports rose in February for only the second time in two years, reflecting improved market conditions over late 2020 and into early 2021. A total 7.4mn short tons (6.7mn metric tonnes) of coal departed US ports during the month, according to US Census Bureau data released today. That was up from 6.8mn […]

US thermal coal producers to benefit from increased demand – Moody’s

Credit rating company Moody’s Investors Service expects the earnings of US-based thermal coal producers to improve this year on the back of US coal consumption having increased by between 5% and 10%. This will also enable US thermal coal producers to generate stronger earnings and cash flow, facilitating modest debt reduction for certain stronger producers […]