June 15, 2022 - West Virginia coal production increased from the previous week by +1.5%, with a -0.8% decline in production from the CAPP region of the state being offset by a +3.5% week over week increase in production from the state’s NAPP region. Compared to the same 23 weeks of 2021, year to date statewide coal production is up +2.9%. +0.9% in the NAPP region of the state and +5.6% in the state’s CAPP region.
National coal production also increased week over week by +3.1%. +0.5% in the Appalachian coal region, -3% in the Interior region and +6.2% in the Western coal region. Compared to the same time last year, total U.S. coal production is up +3.6%. Production in the Appalachian region is off -1.1%, -4.8% in the Interior coal region and +8.7% in the Western coal region.
EIA reported spot prices for domestic thermal coal were unchanged from the previous week. Compared to the same week last year, pricing for NAPP thermal coal is up +84.6%, CAPP +110.6%, Illinois Basin +258.9%, Powder River Basin coal is +28.7% higher and Western Bituminous is +22.8%. Average natural gas prices decreased -7.7% week over week. Compared to the same week in 2021, average natural gas prices are +185.3% higher than the same week last year.
According to data reported by West Virginia’s two class one railroad systems, the number of unit coal trains in the entire Northern and Central Appalachian coal regions holding per day decreased week over week by -19.5% (-1.9 trains). Average coal train speed increased week over week on both systems. Coal carloads from the entire NAPP and CAPP regions decreased week over week by -14.3% (-1,547 cars). The decrease in carloads was entirely on the CSX system. River barge loadings of West Virginia coal increased from the previous week by +4.8%.
Domestic iron and steel production decreased from the previous week by -0.9%. Capacity utilization also decreased -0.9%. Compared to the same 23 weeks of 2021, year to date U.S. iron and steel production is off -1.6% and cumulative furnace capacity utilization is up +2.2%.
U.S. electric generation increased week over week by +7.2%. Output in the New England, Mid-Atlantic and Southeast regions increased by +6.2%. Generation in the Central Industrial region increased by +13.8% from the previous week. Compared to the same time last year, total U.S. electric generation is up +3.8%. Output in the New England, Mid-Atlantic and Southeast regions is off -0.7% and generation in the Central Industrial region is up +3%.
U.S. rail traffic decreased from the previous week by -7.5%. Coal carloads increased +2.6% while steelmaking raw materials and finished steel carloads decreased by -4.3% and auto making traffic declined -8.6%. Compared to the same time last year, total U.S. rail traffic is off -3.5%. Coal car loads are up +5.2%, steelmaking traffic if off -6.6% and auto making carloads are down -3%.