Coal rally continues amid concerns on supply availability to meet demand

Seaborne coal prices have been bullish over the past year, largely rising from pandemic lows last spring as global energy demand resumes and economies strengthen. The prices are signaling a lack of supply as producers scramble to rehire furloughed workers and reconnect supply chains. However, there is uncertainty whether the sustained rally will lead to […]

Hampton Roads coal exports climbed in April

Coal exports from Hampton Roads, Virginia, increased in April from the prior year for the first time since January 2019 amid rising international coal prices. Shipments from the port climbed by 8.5pc in April to 2.5mn short tons (2.3mn metric tonnes), a 13-month high, according to Virginia Maritime Association estimates. Exports still trailed 2019 and […]

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 […]