U.S. thermal coal exports rose to an annual high of 3.4 million tons in March amid disruption to global trade flows after Russia launched a military sting operation in Ukraine.
According to official statistics, US coal shipments to other countries were 19.4% higher than the previous month.
YoY, U.S. thermal energy exports rose 32.9% last month. Of the thermal exports in March, 3 million tons accounted for bitumen, which is 25.1% more than the previous month, but 12% lower than the same period last year. Sub-bituminous shipments accounted for 420,795 tons of this volume, which is 10.5% less than in the previous month, but 13.3% more than last year.
The average monthly price of CIF Amsterdam-Rotterdam-Antwerp coal was $320.27 per tonne in March, up 61.8% month-on-month and 363% year-over-year.
U.S. coal prices averaged $508.91/tonne in March, up 40% from the previous month and up 246.5% from last year.
The cumulative export of steel products and heat from the United States amounted to 6.6 million tons, which is 2.1% more than in the previous month, but 3.5% less than last year. Cumulative coal exports since the beginning of the year were 17.4% higher than in the period of 2021.
