The sales were made by Xcoal as a result of the Asian Marketing Initiative revealed last month by Consol. The sales for these five vessels total approximately 410,000 short tons.
The cargoes are destined for integrated steel mills located in the Hebei and Shangdong provinces of China. Consol Energy is represented in Asia by Xcoal at offices in Beijing, Seoul, Tokyo, and Singapore.
J Brett Harvey, president and CEO of Consol Energy, said: “Consol Energy established its arrangement with Xcoal just in time to meet the strong demand for high-vol coking coal in China. When counting the earlier sale we announced two weeks ago of 82,000 short tons, we have now sold nearly a half million tons of Northern Appalachian coal to Asia in one month, and we’ve sold it at a significant premium to our domestic thermal market.
“Consol Energy, with our 100%-owned Baltimore Terminal, is in a unique position to sell our Northern App coal into the Atlantic Basin, Asia, or the domestic market.”
