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All four major basins see weekly decrease

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Houston — Weekly US coal production was at an estimated 13-week low 13.16 million st in the week that ended October 5, down 3.1% from a week earlier and 13.4% below the year-ago week, US Energy Information Administration data showed Thursday.

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It was the seventh time in the last 18 weeks and 18th time this year that production in all four major basins were lower than the prior week.

The total for Week 40 was 20.3% below the five-year average and was the lowest total for the corresponding week in the last 10 years.

Despite lower production, utility stockpiles remain higher on an aggregate basis, totaling an estimated 113.07 million st, as of October 3, up roughly 11.6% from a year earlier, according to S&P Global Platts Analytics.

For the latest week, estimated coal production in Wyoming and Montana, which is primarily made up of production from the Powder River Basin, totaled a 13-week low 5.83 million st, down 4.4% from last week and 17% from the year-ago week.

Since January 1, the states have produced 234.13 million st, down 9.6% from the same period in 2018. Annualized production in the two states would total 306.34 million st, down 10.4% from a year ago.

In Central Appalachia, estimated weekly coal production was also at a 13-week low 1.55 million st, down 5.9% from a week earlier and 13.1% below the year-ago week.

Year-to-date production in Central Appalachia is down 5.9% year on year at 68.96 million st, while on an annualized basis, CAPP production would total 90.14 million st, down 3.5% from a year ago.

Weekly coal production in Northern Appalachia totaled 1.9 million st, down 0.9% from the prior week and 9.5% from the year-ago week.

Year-to-date production is 2.6% higher than a year ago at 81.27 million st, while annualized NAPP production would total 106.22 million st, up 2.5% from last year.

In the Illinois Basin, estimated weekly coal production also was at 1.96 million st, down 1% from last week and 8.2% from the year-ago week. Cumulative production is at 81.61 million st, up 0.5% on year, while annualized production in the IB basin would total 106.7 million st, up 0.1% from 2018.

Through the first 40 weeks of the year, US coal production totals an estimated 547.24 million st, down 4.8% year on year, while production on an annualized basis is expected around 715.64 million st, which would be down 4.9% from last year.

-- Tyler Godwin,

-- Edited by Valarie Jackson,