Q2 volume is expected to be 4.0M tons, including 2.5M export tons. 0.8M export tons are priced at approximately $77 per ton, and 1.0M tons of Newcastle product and 0.7M tons of high ash product are unpriced. Costs are anticipated to be $45-$50 per ton. “Looking ahead, the Q2 is typically our lightest for demand given shoulder season effects on thermal coal demand,” said Peabody President and CEO Jim Grech. “We are already sold out for planned 2025 production in the Powder River Basin, and metallurgical coal prices have rebounded from their lows in March.”
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