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 on the mend despite mixed long-term outlook

The amount of coal shipped from U.S. shores rose during the second quarter, buoyed by robust demand from international markets, particularly in Asia. Exports of U.S. coal jumped 52.5% year over year to 20.6 million tonnes in the June quarter from 13.5 million tonnes, according to an S&P Global Market Intelligence analysis. In 2020, the […]

Hampton Roads coal exports tick higher in June as global demand picks up

US coal exports from the Hampton Roads region of Virginia totaled 2.6 million st in June, up 2.2% from May and up 66% from June 2020, according to data released July 27 by the Virginia Maritime Association. US coal continued to find markets as prices for global thermal coal and metallurgical coal continued to push […]

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 exports reach two-year high in June: Census

The US exported a combined total of 7.11 million mt thermal and metallurgical coal in June, the highest monthly level since June 2019, according to Census Bureau data released Aug. 5. Thermal coal accounted for 3.25 million mt and met coal 3.86 million mt of US coal exported in June, a year on year increase […]

Record U.S. Coal Shipment to China Highlights Australia’s Pain

China’s import ban on Australian coal is proving a boon to U.S. producers. On June 28, the Frontier Unity bulk vessel left the port of Newport News, Virginia with a 136,400-ton cargo bound for steelmakers in China. It was the biggest shipment of its kind from a U.S. east coast port, according to miner Coronado Global […]

Hampton Roads coal exports tick higher in June as global demand picks up

HIGHLIGHTS The three terminals export 2.6 million st in June, up 66% on year DTA remains region’s largest coal export terminal US coal exports from the Hampton Roads region of Virginia totaled 2.6 million st in June, up 2.2% from May and up 66% from June 2020, according to data released July 27 by the […]

US 2021 coal production estimates to rise 14.5% on year: EIA

HIGHLIGHTS Highest 2021 production forecast this year Coal makes up 23.6% of the 2021 power share; 21.8% in 2022 The US is estimated to produce 617.3 million st of coal in 2021, the US Energy Information Administration said in a July 7 report, raising its monthly estimate by roughly 17 million st, or 2.9%, from […]

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 […]