Coal news and updates

Coal exports out of the Port of Vancouver fell to an 11-year low 31.55 million mt in 2020, down 14.5% from 36.91 million in 2019 and the lowest since 30.33 million mt exported in 2019, data from the Vancouver Fraser Port Authority showed March 3.

 

The port, which includes Westshore Terminals and Neptune Bulk Terminals, shipped out a six-month high 2.87 million mt in December, up 11.3% from November, but 23.2% lower year on year. It was the most exports in a month since 2.9 million mt in June.

 

Metallurgical coal exports totaled a nine-month high 2.13 million mt in December, up 6.2% on the month, but down 16.4% from December 2019.

 

Thermal coal exports also rose to 719,536 mt, up 23.8% from November but 39.9% lower than the year-ago month.

 

The remaining 29,963 mt exported in December was unspecified coal, up from 168 mt in November and 2,868 mt in the year-ago month.

 

Metallurgical exports made up 73.9% of the total coal exports, while thermal shipments made up just 25%, compared with 67.9% and 32%, respectively, a year ago.

 

For the year, metallurgical exports were at a 10-year low 21.55 million mt, down 15% on the year, while thermal shipments fell 13% year on year to a four-year low 9.74 million mt.

 

 

Source : https://www.spglobal.com/platts/en/market-insights/latest-news/coal