USA coal exports, a tale of two markets: thermal versus metallurgical coal
USA coal exports are due to jump this month but what is the split between thermal and metallurgical coal?
Weak demand from domestic steel mills and high international prices for metallurgical coal will drive June exports to a 3 year high.
Conversely and despite high prices, strong demand from domestic power generators is keeping a lid on thermal coal exports.
Source: DBX Commodities