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Friday, 02 September 16
EIA FORECASTS U.S. COAL EXPORTS TO DECLINE BY 19 MMST IN 2016 TO 55 MMST
EIACOALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 16.3  million short tons (mmst) of coal in a week (For the week ended August 27, 2016), EIA said in its latest report.

According to EIA’s latest report, this production estimate is 2% higher than last week's estimate and 14.7% lower than the production estimate in the comparable week in 2015.

East of the Mississippi River produced totalled an estimated 5.8 mmst (up 1.72% week over week) and west of the Mississippi River produced totalled an estimated 10 mmst (up 4% week over week), according to weekly figures released by the US Energy Information Agency (EIA), on September 1, 2016.

U.S. year-to-date (as of August 27, 2016) coal production totalled an estimated 453.9 mmst, 24.5% lower than the comparable year-to-date coal production in 2015.

According to EIA, U.S. coal production in July was 65 million short tons (MMst), an 8 MMst (14%) increase from the previous month but 11 MMst (15%) lower than in July 2015. In 2016, coal production is expected to decrease by 163 MMst (18%), which would be the largest decline in terms of both tons and percentage since at least 1949.

U.S's domestic coal consumption in the electric power sector, which accounts for more than 90% of total U.S. coal consumption, is forecast to decline by 64 MMst (9%) in 2016, says EIA in its recent report.

EIA, further noted that, the decline is a result of both competition with low-priced natural gas and relatively mild weather in the first half of 2016 that reduced overall electricity generation.

Coal Exports
According to EIA's Quarterly Coal Report, the first quarter 2016 U.S. coal exports (14.2 million short tons) decreased 7.5% from fourth quarter 2015 and decreased 35.6% from first quarter 2015.

EIA forecasts U.S. coal exports to decline by 19 MMst (25%) in 2016 to 55 MMst, the lowest level in 10 years. Exports are expected to decline by 4 MMst (8%) in 2017.

Coal Imports
EIA further says in its Quarterly Coal Report, continued to import coal primarily from Colombia (81.2%), Canada (8.9%), and Indonesia (7.4%). U.S. coal imports in first quarter 2016 totaled 2.7 million short tons. The average price of U.S. coal imports during the first quarter 2016 was $63.97 per short ton.
Source: EIA


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