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July U.S. coal exports lowest in last four years

Staff writer ▼ | September 8, 2015
U.S. coal exports totaled roughly 4.6 million mt in July, the lowest monthly total going back to at least 2011, according to US Census Bureau.
U.S. coal
Coal   Exports fall 28.8% year on year
July's U.S. coal exports were down 11.6% from the prior month and down 28.8% compared with the year-ago period. The drop follows the continued decline in seaborne pricing for both thermal and metallurgical coal due to both global oversupply and weak demand.

Platts assessed the spot price for low vol US met coal FOB US East Coast at $88.50/mt, down 22% from a year ago, while the CIF ARA price for thermal coal delivered into Northern Europe in 15-60 days was assessed at $55.30/mt, down 27% year on year.

In July, met coal exports totaled 2.7 million mt, down 25.8% from the prior month and down 39.2% from the year-ago month. In the first seven months of 2015, met coal exports have totaled 26.4 million mt, down 22.1% compared with the same period a year earlier.