U.S. COAL EXPORTS DOWN
PLATTS - US thermal coal exports continue to slow this year due to significant competition from rival Russian and Colombian output, S&P Global Platts Analytics said Monday.
"Central Appalachian and Northern Appalachian exports remain out of the money for shipment to Europe and Illinois Basin coal has significant price competition from Russian and Colombian coals, driving the drop in US exports," according to Platts Analytics.
A market source told S&P Global Platts on Monday a trade was done for 38,000 mt of IB coal sailing out of the US Gulf…
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