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 […]

US 2021 coal production estimated to rise 7.8% on year: EIA

The US is estimated to produce 581.2 million st of coal in 2021, the Energy Information Administration said in a March 9 report, lowering its monthly estimate for the fourth straight month, or by roughly 8 million st, or 1.4%, from February. However, the 2021 production would be 7.8% higher than the 55-year low 539.1 […]

11 coal ships depart from Baltimore in week ended March 21: cFlow

Eleven coal-laden ships departed from Baltimore in the week ended March 21, up from six from a week earlier, according to cFlow, Platts’ trade flow software. The total dead-weight tonnage of the departures was 842,940 dwt, up from 608,954 dwt in the prior week, according to the data. Six of the coal carriers remained in […]

US Q1 thermal coal exports forecast to be 8 million mt, downside risk remains

S&P Global Platts Analytics projects approximately 8 million mt of US thermal coal exports in the first quarter, steady comparable to Q1 2020, but significant risks remain by way of heightened freight prices, the weekly US Coal Market Forecast said March 11. Elevated freight rates, for Panamax in particular, are affecting US exports to all […]

US thermal coal exports extended gains in January

Washington, 5 March (Argus) — US thermal coal exports rose for a third straight month in January on the strength of demand from some customers in Asia and Latin America. The US exported 2.5mn short tons (2.3mn metric tonnes) of steam coal during the month, up from 2.4mn st a year earlier, US Census Bureau […]