Possible ban on coal exports in Richmond, California Few additional exports expected in 2020 Houston — Expectations for US thermal coal exports are bearish, with further declines forecast, Platts Analytics said in a report Monday. “Exports of Illinois Basin coal from the US Gulf Coast and Northern Appalachian coal exports through Baltimore have both slowed considerably from levels seen this summer,” Platts Analytics wrote, with October exports down 2 million mt year on year and down about 200,000 mt from September. Platts Analytics forecast a drop of 13 million mt exports year over year in 2019 to 36 million mt, while 2020 exports are projected to be just over 30 million mt “as US coal netbacks are not attractive to producers.” “Contracted exports to Asia should continue in CY20, and Illinois Basin producer Foresight Energy may continue exporting (albeit at lower levels than in CY19) as the miner […]