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Posted April 24, 2024 Today in Energy ›

Reasons behind the price premium for U.S. metallurgical coal exports ›

U.S. coal used for the steelmaking process has sold for more than double the price of U.S. coal used as a fuel for electricity generation in six of the last seven years, underscoring a historical trend. U.S. metallurgical coal, used primarily as a raw material in the steelmaking process, historically has sold into export markets at prices higher than those for U.S. thermal coal, a major fuel for electricity generation. From 2001 to 2023, U.S. metallurgical coal sold at an average premium of 90% to the price of thermal coal. More

annual export prices for U.S. coal

Data source: U.S. Department of Commerce, Bureau of the Census, EM-545

Data Highlights

WTI crude oil futures price

4/23/2024: NA/barrel

NA from week earlier
NA from year earlier

Natural gas futures price

4/23/2024: NA/MMBtu

NA from week earlier
NA from year earlier

Retail gasoline price

4/22/2024: $3.668/gal

up$0.040 from week earlier
up$0.012 from year earlier

Crude oil inventories

4/19/2024: 453.6 million barrels

down6.4 million barrels from week earlier
down7.3 million barrels from year earlier

Weekly coal production

4/13/2024: 7.498 million tons

down0.174 million tons from week earlier
down3.316 million tons from year earlier