Commodity Market Report

North America coal short-term outlook July 2019: low gas prices dampen summer coal demand

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31 July 2019

North America coal short-term outlook July 2019: low gas prices dampen summer coal demand

Report summary

International prices saw some relief in July after several months of continued losses. Average ARA prices saw the healthiest boost on the back of a heatwave and lower wind generation in Europe. Unfortunately, prices are still too low to provide healthy margins to US producers. However, international stock withdrawals will temporarily improve fundamentals overseas. Domestically, warmer weather peaked seasonal demand, but gas generation still prevailed over coal and left domestic coal prices unchanged. Average gas prices in July will continue declining amid oversupply. Even in the hottest regions, gas prices remained mostly unphased and did not allow for any coal-gas switching. Metallurgical prices are healthy in both domestic and international markets but continue falling from recent highs as demand in Europe and Asia faulters.

Table of contents

  • Thermal Export
  • Metallurgical
  • Bankruptcies

Tables and charts

This report includes 7 images and tables including:

  • ILB netback prices into ARA
  • NAPP Netback prices into ARA
  • Thermal and metallurgical coal exports (Mst)
  • US apparent capacity vs. EIA annualised weekly shipments
  • 2018 PRB Production by company (Mst)
  • Coal and coke tonnage shipped on internal US waterways (Mst)
  • EGU Stockpiles by Census Region (Mst)

What's included

This report contains:

  • Document

    WM Coal Monthly North America July 2019.xls

    XLS 6.47 MB

  • Document

    North America coal short-term outlook July 2019: low gas prices dampen summer coal demand

    PDF 944.81 KB

  • Document

    North America coal short-term outlook July 2019

    ZIP 3.75 MB