Insight
US met coal miners chase more growth in 2018 but competition intensifies
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
US metallurgical coal producers have experienced exceedingly good margins on coal sales over the last year, from high metallurgical coal prices caused by supply disruptions in Australia. This has led to plans for US mine expansions in 2018. Based on announcements by producers, we estimate that there is an additional 6 Mt of US metallurgical coal growth planned for this year. However, the US is not the only country looking to capitalize on the strong metallurgical market in 2018. Will global expansion plans flood the market and ruin the party?
Table of contents
- Executive Summary
- What is driving metallurgical coal production growth in 2018?
- Will expansion plans hold up?
- US metallurgical coal exports start to become unprofitable at US$124/t
- There still could be some upside
Tables and charts
This report includes the following images and tables:
- US metallurgical coal monthly exports by continent (Mt)
- Change in global metallurgical coal export supply between 2017-2018 (proposed plans)
- 2018 global metallurgical seaborne coal supply curve (Mt)
- US met coal export supply with positive margins by quality (Mt, US$/t)
What's included
This report contains:
