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U.S. coal exports down 7.7% in first quarter compared to same period in 2018

first_imgU.S. coal exports down 7.7% in first quarter compared to same period in 2018 FacebookTwitterLinkedInEmailPrint分享S&P Global Market Intelligence ($):Following a strong export market in 2018, U.S. coal producers shipped about 7.7% less coal abroad year over year during the first quarter of 2019 as thermal coal pricing into Europe declined.U.S. coal miners shipped 23 million tonnes of coal to other nations during the first three months of the year, an 11.9% decrease from the fourth quarter of 2018, according to data compiled by S&P Global Market Intelligence. India was the top destination, with nearly 4 million tonnes of coal arriving in the subcontinent during the period, a 14.9% decrease from the first quarter of 2018.Ports in the Netherlands that serve as the initial point of entry for many U.S. coal shipments to the European market received more coal than India in the fourth quarter of 2018 but ranked second during the recent period. Though much of Western Europe is moving away from coal-fired generation and the API2 benchmark, which tracks the price of thermal coal sold into Europe, dropped significantly, European imports of U.S. coal through the Netherlands rose by 44.8% year over year to 2.9 million tonnes.Gregory Marmon, a senior research analyst at Wood Mackenzie, said in an interview that the increase in European imports may reflect the contracts signed six months ago, but he expects imports to the continent to normalize given Europe’s lessening demand for coal.Arch Coal Inc. President and COO Paul Lang said its 2019 exports will be down by about 1 million tons year over year, most of which will come from its thermal business, following the drop in thermal pricing. Alliance Resource Partners LP is also delaying the growth of its Illinois Basin operations, a move that is expected to reduce planned volumes by nearly 1 million tons in 2019.More ($): U.S. Q1’19 coal exports decline 7.7% YOY following strong 2018 global marketlast_img read more

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Race Ahead: New River Trail Challenge

first_imgThe New River Trail Challenge Triathlon,  September 20, 2014First run in 2000, the New River Trail Challenge has quickly become Virginia’s premiere adventure triathlon, attracting 200 athletes in 2013.The race consists of a 40 mile bike ride, 12.1 mile kayak leg, and a half marathon run in New River Trail State Park. Athletes can compete either solo or in teams of two or three, and all skill and age levels are welcome. Categories are age and gender based, trophies and medals are awarded to the top three teams in each category. After the race join in the fun for a beverage and refreshments in the “Libation Station.”sponsored-eventThe race is preceded by a fundraiser Friday night, featuring a band and local brewery to benefit the Pulaski Food Bank.Date: September 20, 2014Location: New River Trail State ParkStart Time: 8:30 a.m.Race Size: Capped at 300Race Contact: Virginia State Parks, Steve [email protected]; (804) 837-8354raceahead-new river trail challenge4last_img read more

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IMCA Modifieds race March 4, 5 at LVMS Dirt Track

first_imgLAS VEGAS, Nev. (Feb. 27) – The half-mile Dirt Track at Las Vegas Motor Speedway hosts a pair of $750 to win events for IMCA Xtreme Motor Sports Modifieds next Wednesday and Thursday, March 4 and 5.Features pay a minimum of $75 to start with $50 paid to non-qualifiers. Entry fee is $20 a night.IMCA Speedway Motors Weekly Racing National, Larry Shaw Racing Western Region and Allstar Performance State points will be awarded for both draw/redraw shows. World of Outlaws Sprint Cars are on both programs. West Coast Late Models run on Wednesday and USAC West Coast Sprints on Thursday. Pit gates open at 2 p.m. and the front gate opens at 5 p.m. Modified heat races start at approximately 8:50 p.m. Wednesday and 8:25 p.m. on Thursday.last_img

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