Weekly Production / Consumption Report (Jan. 30 Update)

West Virginia coal production decreased last week by -8.7% from the previous week.  Production from the NAPP region of the state declined by -10.4% and CAPP production decreased by -6.4% from the previous week.  National coal production also decreased week over week by -3.4%.  Production from the entire Appalachian coal region decreased by -2.7%, Illinois basin production decreased by -2.6% and Western production fell by almost -4% week over week. 

Year to date, West Virginia coal production is off by -14.6% from the same time last year:  -6.1% in the NAPP region of the state and -14.6% in the CAPP region of W.Va.  National coal production is off by -21.1%.  Production from the entire Appalachian coal basin is down by -17.3%.  

Coal production in the entire NAPP thermal region is down by almost -16% from the same time last year.  Implied national metallurgical production is off by -17.6%.  

Thermal coal prices were unchanged from last week.  Natural gas prices increased in all regions from the previous week, with the average price increasing by +34.5% ($0.87/MMBtu), driven by a +$2.77/MMBtu increase in pricing in the New York region.  

U.S. iron and steel production increased  slightly from the previous week by +0.46%.  Furnace capacity utilization increased by +0.52%.

U.S. Electric generation increased week over week by +2.25%, including a +1.6% increase in output from the coal regions.  Electrical generation from the Northeast, Mid-Atlantic and Southeast Regions increased by +3.24%.  Output from the Central Industrial Region increased by +3.58% from last week. 

Total U.S. rail traffic dropped by -1.57% week over week.