March 15, 2017 Read More →

U.S. Coal Exports Down 18.6% in 2016

SNL:

U.S. coal exports in 2016 fell more than 18.5% from the previous year’s totals as the world continues to experience slow growth and supplier competition, according to the U.S. Energy Information Administration.

Exports fell to 60.3 million tons in 2016, down from the 74 million tons shipped out in 2015 and less than half the record 125.7 million tons exported in 2012.

“Lower mining costs, cheaper transportation costs, and favorable exchange rates continue to provide a market advantage to other major coal-exporting countries such as Australia, Indonesia, Colombia, Russia, and South Africa,” the EIA release said.

Ten countries accounted for nearly 80% of the total U.S. exports, and the EIA report said that export levels decreased in every one of those except Brazil, which increased intake of American coal by nearly 0.6 million tons. China and Morocco also increased their intake, but these countries account for smaller fractions of total U.S. coal exports.

($) Supplier competition, slow world growth lead to 2016 drop in US coal exports

Comments are closed.