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US Coal Production Down by 10.6% YoY for 2019 - EIA

Coal News - Published on Thu, 12 Sep 2019

Image Source: en.wikipedia.org
The US Energy Information Administration forecast coal production of about 674 million st in 2019, down 10.6% from year-ago production. September's forecast for 2019 output was up 2% from August's forecast. The 2020 projection decreased as well, from the prior month's forecast by 5.2%, and the EIA now forecasts about 617 million st in output next year. This is the lowest 2020 output projection since the start of the year and down 20.8 million st from the previous low in May. Coal exports for this year were projected to total 94.2 million st in the September report, down 5.8% from the August report. From 2018 exports, the EIA projects an 18.5% drop, the largest forecast drop year over year since December 2016.

In 2020, the EIA forecast 85.7 million st of exports, down 9% from the 2019 projection and down 5.2% from the previous month's forecast. September was the lowest export forecast for 2020 through nine months, down 2.1 million st from the prior low in July. Power sector consumption was forecast to total about 543 million st this year, down 14.7% from 2018 consumption, and about 500 million st next year, down 8% from the 2019 projection.

Total US consumption was forecast to be over 593 million st in 2019, down 13.8% from the previous year. The EIA 2020 forecast was about 548 million st, down 7.6% from the 2019 forecast.

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Posted By : Rabi Wangkhem on Thu, 12 Sep 2019
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