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INTERNATIONAL COAL NEWS

Possible tariff hike for Appalachian coal

US RAIL operator CSX may increase tariffs to $US40 a ton for coal haulage from Appalachia to port...

Blair Price

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Referencing a media report of the news, Macquarie Research analysts said in a note to clients the increase is close to $15 per tonne higher than current tariffs.

Macquarie Research predicted that a tariff hike would significantly affect the competitiveness of US coal, “which is already at the high end of the international cost curve”

The analysts cited a McCloskey report which suggests US east coast export shipments may have sunk up to 30% in February as European coal prices crashed.

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