Weekly US coal production totaled an estimated 15.5 million st in
the week that ended June 10, up 3.6% from the prior week and up
24.1% from the year-ago week, US Energy Information Administration
data showed Thursday.
It was the fifth straight week
coal production
has increased after bottoming out in the week that ended May 6 at
13.33 million st.
Platts Analytics' Bentek
Energy unit estimates US coal consumption totaled 20.6 million
st in the week that ended June 8, up 1.7% from the prior week and up
13.3% from the year-ago week. Year-to-date consumption is up 2.2%
from last year, according to Platts Analytics.
Platts Analytics also estimates utility coal stockpiles stood at
155.5 million st in the week that ended June 8, down 1.2% from the
prior week and down 18.8% from the year-ago week. It was the lowest
weekly estimate since the fall of 2015.
In the most recent reporting period, coal production in Wyoming
and Montana, which primarily consists of coal from the Powder River
Basin, totaled an estimated 6.82 million st, up 5.9% compared with
last week and up 32.9% from the year-ago week, according to the EIA.
On an annualized basis, coal production in Wyoming and Montana thus
far in 2017 would total 331.9 million st, up 0.4% from last year.
In Central Appalachia, weekly coal production totaled an estimated
1.54 million st, down 0.5% from last week but up 6.7% from last
year. Annualized 2017 production would total 79.6 million st, up
3.4% from last year.
In Northern Appalachia, weekly coal production totaled an estimated
2.38 million st, up 5% from last week and up 25.4% from the year-ago
week. An annualization of production so far in 2017 would total
117.7 million st, up 13.1% from last year.
In the Illinois Basin, weekly coal production totaled an estimated
2.1 million st, down 0.8% from last week but up 10.7% from last
year. Annualized production would total 108.4 million st, up 7.1%
from 2016.
Based on the most recent EIA estimates, US coal production in 2017
on an annualized basis would total 779.6 million st, up 5.5% from
last year.
--Andrew Moore,
andrew.moore@spglobal.com
--Edited by Keiron Greenhalgh,
keiron.greenhalgh@spglobal.com
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