US met coal output plateauing, despite high prices: Seaport

摘要

US metallurgical coal production is plateauing into 2019, despite higher than average prices, US investment bank Seaport Global said Wednesday. “We simply haven't seen any growth the last three quarters,” senior analyst Mark Levin said in a note. US met coal output was just over 80 million st in 2018, Seaport estimated. “US met coal production has now declined for three consecutive quarters. If there was any growth, it was in the low-vol sub-segment, where production from the top 20 mines rose 13% year-on-year in Q4.”