Sunday, 21 Aug 2011
Argus reported that US coal exports reached second highest level of the year in June 2011 despite coking coal volumes falling slightly from May.
According to US Census Bureau data, total exports increased by 23% YoY to 9.1 million tons from 7.39 million tons in June 2010 and marked a slight gain from 9.04 million tons in May 2011. US exports for the first half of 2011 rose to 53.6 million tons, up by 35% YoY from 39.7 million tons in the year ago period to set an annualized pace of 107 million tons. In 2010, US exports totaled 81.7 million tons.
While coking coal again accounted for the majority of total coal exports, the segment fell month to month to 5.79 million tons in June from 6.43 million tons in May. In contrast, shipments of all steam coal types, including anthracite, bituminous, lignite, non bituminous steam coals and sub bituminous coals, rose to 3.31 million tons in June from 2.61 million tons in May.
Among the six major US ports where coal is shipped, the Norfolk Census district saw the largest amount of shipments at 3.25 million tons, although coal exports from Norfolk actually declined for the third consecutive month.
June exports from New Orleans, the second highest exporting port, were at their second highest level for 2011 at 1.85 million tons, jumping from a flood slowed May when its volumes totaled 1.39 million tons.
Europe and Asia again were the two continents importing the most US coal. But while exports to Europe were at their highest monthly level this year, at 4.33 million tons, exports to Asia were at their lowest level for 2011, at 2.21 million tons.
While US coal exports were at their second highest level for the year in June, US coal imports were at their second lowest level as generators relied on ample inventories and as low natural gas prices encouraged fuel switching.
The US imported 970,196 tons of coal in June as compared with 1.31 million tons in May and 1.77 million tons a year ago. Imports of Colombian coal totaled 518,351 tons, off 58% from 1.23 million tons a year ago and off 41% from 876,399 tons in May.
(sourced ArgusMedia)
Argus reported that US coal exports reached second highest level of the year in June 2011 despite coking coal volumes falling slightly from May.
According to US Census Bureau data, total exports increased by 23% YoY to 9.1 million tons from 7.39 million tons in June 2010 and marked a slight gain from 9.04 million tons in May 2011. US exports for the first half of 2011 rose to 53.6 million tons, up by 35% YoY from 39.7 million tons in the year ago period to set an annualized pace of 107 million tons. In 2010, US exports totaled 81.7 million tons.
While coking coal again accounted for the majority of total coal exports, the segment fell month to month to 5.79 million tons in June from 6.43 million tons in May. In contrast, shipments of all steam coal types, including anthracite, bituminous, lignite, non bituminous steam coals and sub bituminous coals, rose to 3.31 million tons in June from 2.61 million tons in May.
Among the six major US ports where coal is shipped, the Norfolk Census district saw the largest amount of shipments at 3.25 million tons, although coal exports from Norfolk actually declined for the third consecutive month.
June exports from New Orleans, the second highest exporting port, were at their second highest level for 2011 at 1.85 million tons, jumping from a flood slowed May when its volumes totaled 1.39 million tons.
Europe and Asia again were the two continents importing the most US coal. But while exports to Europe were at their highest monthly level this year, at 4.33 million tons, exports to Asia were at their lowest level for 2011, at 2.21 million tons.
While US coal exports were at their second highest level for the year in June, US coal imports were at their second lowest level as generators relied on ample inventories and as low natural gas prices encouraged fuel switching.
The US imported 970,196 tons of coal in June as compared with 1.31 million tons in May and 1.77 million tons a year ago. Imports of Colombian coal totaled 518,351 tons, off 58% from 1.23 million tons a year ago and off 41% from 876,399 tons in May.
(sourced ArgusMedia)
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