China Slows Coal Use...More for Us?

blrman07 · Post by **blrman07** » Sat. May. 23, 2015 6:07 am

Interesting article about the largest coal user in the world. Granted they get a lot of their coal from domestic mines and Viet Nam but I know Blaschak and other anthracite producers ship to China for high grade steel and coke production.

Could this mean more available for domestic use and price drops? Will supply and demand take over again?

http://www.vox.com/2015/5/22/8645455/china-emissi ... -coal-drop

coalfan · Post by **coalfan** » Sat. May. 23, 2015 12:17 pm

the dealer where I bought my ds 1500 sells reading/and blashack said that reading sold very larg amounts of there coal to china and in turn sold us the second grade coal to us well at least in bag form thats all he has and he had a lot of complaints on his reading last year !!

Post by **coaledsweat** » Sat. May. 23, 2015 1:37 pm

blrman07 wrote:Blaschak and other anthracite producers ship to China for high grade steel and coke production.

Coke is made from bituminous.

lsayre · Post by **lsayre** » Sat. May. 23, 2015 1:42 pm

If the Chinese demand drops off precipitously and the home heating demand does not pick up the slack, wouldn't that cause the price of coal to rise? The only way for the anthracite mines to offset such a loss in demand as China brings would be to raise prices domestically. Realistically, if they lower prices domestically it will not add to demand (soon at least, as such things take years) so they will take an immediate double hit if they lower domestic pricing on top of China killing their production.

coalfan · Post by **coalfan** » Sat. May. 23, 2015 2:04 pm

but if they need or want to move it wouldnt they keep the prices at a competitive rate or as is and maybe even a little cheaper?

Den034071 · Post by **Den034071** » Sat. May. 23, 2015 3:30 pm

Keep in mind as long as im from Schuykill county Q. I T . uebec iron an titanium has been buying 400000 ton a year .Also Nucor steel co . is a big buyer .Also India ia a buyer .A deep mine miner has told me if industrial buyers were not there an the coal industry had to depend on home heating They Would Close .Im half hour from all the major producers an you can take this comment as Gospel . jack from Coaldale

lsayre · Post by **lsayre** » Sat. May. 23, 2015 3:33 pm

I could see the mines closing if the steel industry tanks. I don't have the figures, but my guess (worthless as it is) is that home heating is only 5% to 10% of total production.

McGiever · Post by **McGiever** » Mon. May. 25, 2015 8:58 pm

coalfan wrote:the dealer where I bought my ds 1500 sells reading/and blashack said that reading sold very larg amounts of there coal to china and in turn sold us the second grade coal to us well at least in bag form thats all he has and he had a lot of complaints on his reading last year !!

Reading doesn't value it's bagged customers very much...maybe they don't care, some fool will always step up for a bargain price.

Works every time.

coalfan · Post by **coalfan** » Mon. May. 25, 2015 9:09 pm

yep you just said it all !!!!!

SWPaDon · Post by **SWPaDon** » Mon. May. 25, 2015 11:09 pm

This:

Den034071 wrote:.if industrial buyers were not there an(d) the coal industry had to depend on home heating They Would Close .

Obama is behind this:

Interesting article about the largest coal user in the world. Granted they get a lot of their coal from domestic mines and Viet Nam but I know Blaschak and other anthracite producers ship to China for high grade steel and coke production.

Could this mean more available for domestic use and price drops? Will supply and demand take over again?