Insight
Metallurgical coal price fall places 63% of US East Coast supply at risk
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The fall in metallurgical coal spot prices, caused by the coronavirus lockdowns since late-March, is putting pressure on US mines. Spot prices dropped by US$50/t to under US$110/t; and most US mines occupy the high-cost portion of the seaborne cost curve. We estimate 63% of East Coast mines would be losing money on sales made at the current spot price. In this Insight, we determine the proportion of mines that would not be able to survive at this price within each volatile category.
Table of contents
- Low-volatile
- High-volatile A
- High-volatile B
- The role of these coals in cokemaking
- Implications
Tables and charts
This report includes the following images and tables:
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US East Coast low-volatile supply curve (US$/T FOBT)US East Coast high-volatile A supply curve (US$/T FOBT)US East Coast high-volatile B supply curve (US$/T FOBT)US East Coast volumes at risk by Coaltype (MT)
What's included
This report contains:
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