Commodity Market Report
North America coal short-term outlook May 2019: Second quarter recovery?
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The Spring always brings weaker fundamentals to the coal markets as electricity demand falls off with milder weather – but this year there are additional underlying weaknesses. Domestically, Henry Hub natural gas prices will struggle to get above US$2.80/mmbtu while basis to many regions of the country is very low, or even negative, driving deeper coal to gas switching. 23 GW of renewables is scheduled to come online this year. Weak international demand coupled with supply recovery in Asia is collapsing international prices. As a result, US spot coal prices will fall. However, there are some mitigating circumstances that will slow the rate of decline.
Table of contents
- Coal Contracting
- Metallurgical demand
- Thermal export demand
Tables and charts
This report includes the following images and tables:
- EGU Deliveries by contract length (Mst)
- Thermal and metallurgical coal exports (Mst)
- NAPP employment and productivity
- NAPP production and hours worked per employee
- CAPP employment and productivity
- CAPP production and hours worked per employee
- ILB employment and productivity
- ILB production and hours worked per employee
- PRB employment and productivity
- PRB production and hours worked per employee
- Total US class I coal railcar loads
- Utility stockpiles by census region (Mst)
What's included
This report contains:
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