US Coal Exports
Exports Economic Contributions Report
Nov 03 2017

September US Coal Exports of 8.07 mil Mt Highest Since March 2014: US Census (Platts)

September US Coal Exports of 8.07 mil Mt Highest Since March 2014: US Census

US coal exports totaled 8.07 million mt in September, up 3.7% compared with August’s shipments and up 108.1% from the year-ago month, US Census Bureau data showed Friday.

It was also the highest monthly total since March 2014.

In the first three quarters of 2017, US coal exports totaled 62.4 million mt, up 68% compared with the same period last year, and would total 83.2 million mt on an annualized basis, which would mark a 52% increase from the 2016 total of 54.7 million mt.

The surge is being driven by higher demand for both metallurgical and thermal coal, as seaborne prices continue to support export opportunities for US producers.

Through Friday, Premium low-vol met coal FOB Australia has averaged $182.30/mt in 2017, compared with $116.90/mt in the year-ago period, while the Platts CIF ARA assessment for thermal coal delivered into Northern Europe (basis 6,000 kcal/kg NAR) has averaged $82.93/mt, compared with $54.62/mt in the same period last year.

September met coal exports totaled 4.9 million mt, up 4.7% compared with August and up 92.2% from the year-ago month, the Census Bureau data show, and the highest monthly total since October 2014.

Through the first nine months of 2017, met coal exports totaled 36.7 million mt, up 38.2% from the same period in 2016, and would total 48.9 million mt on an annualized basis.

The top export destinations for US met coal in September were Japan at 536,578 mt, compared with 160,001 mt in the year-ago month; Brazil at 514,494 mt, compared with 434,639 mt last year; and South Korea at 423,617 mt, compared with 178,386 mt a year earlier.

Through September, the largest market for US met coal in 2017 was Brazil at 4.7 million mt, compared with 4.5 million mt in the year-ago period; Japan at 3.54 million mt, compared with 2.2 million mt last year; and South Korea at 2.59 million mt, compared with 2.05 million mt last year.

Met coal exports to China totaled 300,852 mt in September, and year-to-date exports total 2.3 million mt.

Bituminous coal exports in September totaled 2.4 million mt, up 4.6% from August and up 120.8% from the year-ago period. Through the first nine months of 2017, US bituminous coal exports totaled 19.58 million mt, up 132.6% from the year-ago period, and would total 26.1 million mt on an annualized basis.

The top export destinations for US bituminous coal in September were India at 588,877 mt, compared with 126,887 mt last year; the Netherlands at 419,443 mt, compared with 557,521 mt last year; and Germany at 300,527 mt, compared with 153,723 mt last year.

The largest market for US bituminous coal in the first nine months of the year was the Netherlands at 4.4 million mt, compared with 3.48 million mt in the year-ago period; India at 3.86 million mt, compared with 1.5 million mt last year; and Japan at 1.59 million mt, compared with 166,286 mt last year.

US subbituminous coal exports totaled 585,237 mt in September, down 8.2% from August but up 400% from the year-ago month. For the first three quarters of the year, subbituminous coal exports totaled 5.56 million mt, up 309% from the year-ago period, and would total 7.4 million mt on an annualized basis.

The top importer of US subbituminous coal in September was South Korea at 227,792 mt compared with zero last year; Taiwan at 193,749 mt, compared with zero last year; and Mexico at 163,356 mt, compared with 116,741 mt last year.

Through September, 2017’s largest importer of US subbituminous coal was South Korea at 2.7 million mt, compared with 49,507 mt last year; Mexico at 1.6 million mt, compared with 1.27 million mt; and Morocco at 432,616 mt, compared with zero last year.

See article here.

  • “The fact that we’re no longer in the age of energy scarcity – that we’re in the age of energy abundance – positions the United States in a totally different place. This gives access to affordable, reliable energy in the United States, and gives the U.S. a major competitive advantage.”
    – Dave Banks, Special Assistant to President Donald Trump for International Energy, June 2017
  • “It is in the national interest to promote clean and safe development of our Nation's vast energy resources, while at the same time avoiding regulatory burdens that unnecessarily encumber energy production, constrain economic growth, and prevent job creation. Moreover, the prudent development of these natural resources is essential to ensuring the Nation's geopolitical security.”
    – Executive Order on Promoting Energy Independence and Economic Growth, March 28, 2017
  • “Historically, U.S. companies seeking to expand their revenues focused first on increasing their number and share of U.S customers. For years, this focus served as a winning strategy for many of the most successful U.S. companies. Today, global economic trends make clear that successful companies are those that reach and sell to consumers outside U.S. borders and around the globe.”
    — 2011 National Export Strategy, U.S. Trade Promotion Coordinating Committee
  • “Federal regulatory agencies should not require climate change studies in the course of their permitting processes for proposed facilities. Coal will be consumed around the world regardless of U.S. trade policy. The only question is whether the coal is produced here in North America, where environmental standards are high, or elsewhere.”
    — U.S. Senator Lisa Murkowski, January 7, 2014
  • “At present 19% of the world’s population, 1.3 billion people, lack access to electricity and on New Policy Scenario projections there will still be 1 billion people without such access in 2030. To meet the UN Millennium Development Goal of eradicating extreme poverty by 2015, 395 million more people need access to electricity. There is a strong correlation between electrification and improvement in the United Nations’ Human Development Index.”
    — International Energy Agency, Coal Industry Advisory Board
  • “Access to electricity is strongly correlated with every measurable indicator of human development”
    — Berkeley Science Review, 2008

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