Commodity Market Report
North America coal short-term outlook October 2023
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Report summary
Like every other month this year, October coal-fired generation was the lowest for the month in over a decade. Overall, 2023 is on pace to post the lowest coal generation on record contributing just 16% to the total generation mix. With such weak consumption, utility stockpiles continue to swell above 120 Mst. We are starting to see signs of production slowing down and fewer weekly deliveries, as well as lowered sales guidance as producers respond to the market imbalance.
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