Coking Coal Exports Are Limited Due to a Lack of Supply

According to trade data, supply restrictions impacted US and Canadian coking coal imports in July, as suppliers found it difficult to capitalize on the significant Chinese need for non-Australian coal and high maritime transport prices.
US coking coal exports declined 9.3% year to year and 20.3% month to month to 3.08 million tonnes in July, while Canadian exports grew 13.5% year to year but fell 22.3% month to month to 1.9 million tonnes in July.
From January to July, US exports were 23.07 million tonnes, up 4.5% …

The Only Underground Coal Mine in Canada Has Reopened

The Donkin mine of Kameron Coal has resumed after receiving government approval from the Nova Scotia administration. Morien Resources announced in a statement that the government has granted regulatory authority to revive the mine, which has been on preservation since March 2020.
Production at Cape Breton’s last producing coal mine began in 2017 but was halted two and a half years later owing to underground geological problems. There …

Canadian Coal Facts

The coal business in Canada produces coal for application in metallurgical and thermal purposes. Some energy suppliers not only utilize coal to generate electricity, but they also own coal plants or are engaged in coal production.
With 6.6 billion tonnes of exploitable coal reserves, coal is without a doubt Canada’s most common fossil fuel. Anthracite, bituminous, sub-bituminous, and lignite coal resources can be found in …

European Coal Prices Remain Significantly Lower Than Those in the Pacific Region

European coal prices remain far lower than their Pacific basin counterparts. Analysts believe this indicates that EU demand is weak in the face of constrained Australian supplies.
Up to this point, the front-month API 2 trade has achieved USD 178/t, vs the Ice Newcastle counterpart of USD 365/t on Ice Futures. This USD 187/t differential corresponds to a USD 68/t median discount the previous year and a USD 18/t median premium in 2021.
The two contracts are largely separated, responding to quite different factors. …