Commodity Market Report
North America coal short-term outlook February 2021: Significant stockpile drawdown as polar vortex hit
Report summary
While US thermal coal consumption has jumped significantly over the past two months, coal deliveries have lagged. Stockpiles will decline and the February freeze will compound the stock drawdown. February coal generation will likely end at 90 TWh, over 70% higher than February 2020 and 19% Higher than February 2019. Near-term coal demand will remain elevated compared to 2020 due to higher natural gas prices, economic recovery and increased exports.
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