US Met Coal Exporters Lean to Asia as EU Flags

US coking coal exporters continue to lean more heavily toward Asian markets in an attempt to offset flagging European demand, while Turkey and Brazil also struggle to provide much uplift. The latest data from the US Census Bureau show 26.6pc of September’s coking coal exports heading to Asia, up from a 13.5pc share a year […]

Seaborne thermal coal trade to hit 1 bil mt in 2019 as new growth areas emerge

Ho Chi Minh — A tenuous supply and demand balance is expected in the global seaborne thermal coal market in 2020 as trade dynamics shift and new growth areas emerge, speakers at the CoalTrans Conference in Vietnam said Tuesday. Seaborne trade for thermal coal, the most widely used fuel for generating electricity, is expected to […]

Consol executives see thermal coal export market improvement, tout positioning

Amid weakened export pricing, reduced domestic demand and a recent slew of bankruptcies, Consol Energy Inc. executives touted the coal miner’s position as a consistent force in the international market as well as its flexible financial situation to handle challenging market conditions. The price on thermal and metallurgical export coal has dropped significantly this year, […]

EU coal imports continue to decline in August

Weak coal burn kept net EU thermal coal imports at historic lows in August and poor margins for generators are likely to have restricted receipts since then as well. Positive clean dark spreads for base-load generation during the peak winter months may support a modest recovery in coal burn and imports, but the potential for […]

EU thermal coal imports at lowest this century

Intense competition from natural gas cut the EU’s net monthly thermal coal imports to their lowest this century in July, according to provisional Eurostat data. Net EU thermal coal imports from countries outside of the region fell by 3.7mn t on the year to 5.5mn t in July. This was down from 5.7mn t in […]

Richmond Says “Yes” to Coal

After a contentious summer rally between environmentalists and union workers, the Richmond Planning Commission voted unanimously to keep coal in Richmond.   On a warm evening in late July, the “No Coal in Richmond” organizers gathered on the steps of Richmond’s City Hall to urge the city’s Planning Commission to phase out the storage and handling of […]

US rail agency to act soon on rate review changes

The US Surface Transportation Board (STB) is expected within the next two weeks to begin a process for rethinking how it determines whether rail transportation rates are reasonable, agency vice chairman Patrick Fuchs said yesterday. Updating those rules is the agency’s top priority, Fuchs said yesterday at the National Coal Transportation Association’s annual meeting in […]

Southeast US ports brace for Hurricane Dorian: Update

Updates port conditions and category of Hurrican Dorian. New York, 3 September (Argus) — The US Coast Guard (USCG) closed the port at Brunswick, Georgia, and the Florida ports of Canaveral and Jacksonville as Hurricane Dorian, downgraded to a category 2 storm this afternoon, moved up the east coast. The USCG said it expected to […]

Australia turns to India for coal exports: Update

Australia is focused on growing the Indian thermal coal market for its exports, despite warnings that the demand profile in India is uncertain. Australia’s resources minister Matthew Canavan flew into Calcutta today to promote sales of Australian thermal coal into India armed with a report from the government’s commodity forecaster the Office of the Chief […]