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Friday, 04 November 16
U.S COAL PRODUCTION UP WEEK OVER WEEK
EIACOALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 17 million short tons (mmst) of coal in a week (For the week ended October 29, 2016), EIA said in its latest report.

According to EIA’s latest report, this production estimate is 3.3% higher than last week's estimate and 2% higher than the production estimate in the comparable week in 2015.

East of the Mississippi River produced totalled an estimated 6.4 mmst  and west of the Mississippi River produced totalled an estimated 10.6 mmst , according to weekly figures released by the US Energy Information Agency (EIA), on November 3, 2016.

U.S. year-to-date (as of October 29, 2016) coal production totaled an estimated 606.6 mmst, 20.3% lower than the comparable year-to-date coal production in 2015.

According to EIA, U.S. coal production in August was 71 million short tons (MMst), an 6 MMst (9%) increase from the previous month but 12 MMst (14%) lower than in August 2015. In 2016, coal production is expected to decrease by 164 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. However, the EIA’s Short-term energy outlook noted that Coal exports in July 2016 totaled 3.3 million short tons (MMst), which was 40% lower than in June and the lowest amount of coal exported in any month since February 2007.

Exports for the first seven months of 2016 were 32% lower than in the same period in 2015. EIA forecasts U.S. coal exports will decline by 26% in 2016 to 55 MMst, the lowest level since 2006. Exports are expected to decline by an additional 5% 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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