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Friday, 09 January 15
U.S. EASTERN SPOT STEAM COAL PRICES FELL IN 2014; ROSE IN WEST - EIA
.jpg) U.S. Eastern spot steam coal prices declined in 2014 compared to 2013 levels because of a decline in steam coal exports.
According to U.S. Energy Information Administration, the U.S. coal price declines were particularly pronounced in the second half of the year, as natural gas prices dropped below $4/MMBtu, making higher-priced eastern coals less price competitive as a fuel for generating electricity.
EIA further said in its report, prices of western coal and natural gas both increased year-on-year although rail delivery problems stranded some Powder River Basin (PRB) coal and drove down its price in the second half of the year.
According to EIA, coal prices east of the Mississippi River generally trended downward in 2014. Central Appalachian (CAPP) coal remained largely uneconomic compared with natural gas for generating electricity, and within the coal market, CAPP lost market share to other domestic and imported sources of supply. Additions of sulfur dioxide (SO2) scrubbers at more power plants in response to environmental regulations have enabled operators to switch to higher-sulfur, lower-cost Illinois Basin (ILB) coal. Closures of higher-cost mine operations in the CAPP basin, which accelerated in 2013, continued in 2014.
Elsewhere in the East, Northern Appalachian (NAPP) coal prices remained largely unchanged, and ILB coal prices declined slightly on a year-on-year basis driven mainly by price drops in the second half of the year. Lower international coal prices and exports as well as gas prices dropping to below $4/MMBtu drove the price movements.
In the West, the average price of PRB coal increased in 2014, although the potential for additional shipments and even higher prices was hindered by rail deliverability problems. Increased rail traffic for other commodities, coupled with rail service disruptions in the first part of the year, limited the volume of shipments originating from the PRB to rebuild power plant inventories depleted during the very cold 2013-14 winter.
EIA noted that, overall coal demand decreased, production increased slightly, and sub-bituminous coal inventories declined significantly.
According to EIA, U.S. coal demand declined 0.9%, about 7 million short tons (MMst), in 2014 mainly because of falling coal exports. Nearly all domestically produced coal is used in the power sector, and total coal consumption for electricity generation for the first 11 months of 2014 was 10.3 MMst, or 1%, more than the same period in 2013. However, these gains were outweighed by a sharp decline in coal exports, which for the first nine months of 2014, fell by nearly 16 MMst (17%) compared to the same period in 2013.
Continued weakening in the European economy, slower demand growth in Asia, increased output from other coal-exporting countries, and lower international coal prices all contributed to this decrease in exports, EIA noted.
U.S. coal production increased slightly, by 0.3% in 2014. When all the data are in, total coal production in 2014 is projected to be 0.2 MMst higher than in 2013, according to Mine Safety and Health Administration (MSHA) data through the first half of 2014 coupled with EIA estimates for the second half of 2014. Although relatively small compared to domestic supplies, coal imports in the first nine months of the year were 2.1 MMst (31%) higher than imports for the same period of 2013.
Stockpiles of coal held at generators in the electric power sector dropped by nearly 12 MMst (8%) from the end of 2013 to 136.2 MMst at the end of October 2014, with monthly levels near or below the previous five-year average. Sub-bituminous coal stocks (mostly from the PRB) fell more sharply than bituminous coal stocks, down 8.1 MMst (12%) versus 4.8 MMst (7%), respectively.
Source: EIA | Principal contributors: Elias Johnson, Ayaka Jones
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Tuesday, 23 December 14
SHIPOWNERS ARE FINALIZING MORE DEALS AS YEAR END COMES CLOSER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS WORLDWIDE
With the 2014 year just a few days before waving goodbye, shipowners are looking to close their pending deals in both the newbuilding and S&P m ...
Monday, 22 December 14
Q2'15 CFR SOUTH CHINA COAL SWAP CLOSED $ 0.30 LOWER THAN Q1'15 CLOSING
COALspot.com: API 8 CFR South China Coal swap for Q1’ 2015 delivery has decreased by US$ 3.67 (-5.81%) month over month and US$ 0.35 (-0.58%) ...
Monday, 22 December 14
API 5 FOB NEWCASTLE COAL SWAPS ARE HEADING SOUTH
COALspot.com: API 5 FOB Newcastle Coal swap for Q1’ 2015 delivery lost US$ 1.71 per MT (-3.24%) and closed at US$ 51.02 on 19 December month ...
Sunday, 21 December 14
PANAMAX COAL FREIGHT FROM INDONESIA TO INDIA FALLS FURTHER
COALspot.com: The BDI continued its fall as cape index lost heavily week on week.
The BDI was down 6.95 percent week over week and closed at 8 ...
Friday, 19 December 14
HOW WILL LOWER BUNKER PRICES AFFECT THE SUBSTANTIAL OVERCAPACITY IN DRY BULK MARKET? - BIMCO
As bunker fuel costs have come down from USD 600 per tonnes to USD 330 per tonnes in the past 6 months, much talk about increased ship speed have s ...
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- Essar Steel Hazira Ltd - India
- Wood Mackenzie - Singapore
- Energy Development Corp, Philippines
- San Jose City I Power Corp, Philippines
- Jindal Steel & Power Ltd - India
- Toyota Tsusho Corporation, Japan
- Kumho Petrochemical, South Korea
- Makarim & Taira - Indonesia
- Vizag Seaport Private Limited - India
- Interocean Group of Companies - India
- Latin American Coal - Colombia
- Thiess Contractors Indonesia
- Tata Chemicals Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Australian Coal Association
- Neyveli Lignite Corporation Ltd, - India
- MS Steel International - UAE
- Mjunction Services Limited - India
- Bhatia International Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Directorate Of Revenue Intelligence - India
- Semirara Mining and Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Pendopo Energi Batubara - Indonesia
- Energy Link Ltd, New Zealand
- SN Aboitiz Power Inc, Philippines
- New Zealand Coal & Carbon
- Bahari Cakrawala Sebuku - Indonesia
- Kobexindo Tractors - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- GVK Power & Infra Limited - India
- Sical Logistics Limited - India
- Krishnapatnam Port Company Ltd. - India
- Sojitz Corporation - Japan
- Parliament of New Zealand
- Commonwealth Bank - Australia
- European Bulk Services B.V. - Netherlands
- Meenaskhi Energy Private Limited - India
- India Bulls Power Limited - India
- Edison Trading Spa - Italy
- PNOC Exploration Corporation - Philippines
- Siam City Cement PLC, Thailand
- Marubeni Corporation - India
- Aditya Birla Group - India
- Uttam Galva Steels Limited - India
- Deloitte Consulting - India
- Gujarat Sidhee Cement - India
- Siam City Cement - Thailand
- Indian Oil Corporation Limited
- Banpu Public Company Limited - Thailand
- Planning Commission, India
- Ministry of Finance - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- ICICI Bank Limited - India
- Chamber of Mines of South Africa
- Sindya Power Generating Company Private Ltd
- Goldman Sachs - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vedanta Resources Plc - India
- Bharathi Cement Corporation - India
- Central Electricity Authority - India
- Alfred C Toepfer International GmbH - Germany
- Bukit Asam (Persero) Tbk - Indonesia
- Kideco Jaya Agung - Indonesia
- PowerSource Philippines DevCo
- Carbofer General Trading SA - India
- Mercator Lines Limited - India
- Altura Mining Limited, Indonesia
- Coastal Gujarat Power Limited - India
- Tamil Nadu electricity Board
- Globalindo Alam Lestari - Indonesia
- Ambuja Cements Ltd - India
- Riau Bara Harum - Indonesia
- Kepco SPC Power Corporation, Philippines
- Grasim Industreis Ltd - India
- Dalmia Cement Bharat India
- Xindia Steels Limited - India
- Samtan Co., Ltd - South Korea
- Posco Energy - South Korea
- South Luzon Thermal Energy Corporation
- Price Waterhouse Coopers - Russia
- Indian Energy Exchange, India
- Sinarmas Energy and Mining - Indonesia
- Port Waratah Coal Services - Australia
- Manunggal Multi Energi - Indonesia
- Meralco Power Generation, Philippines
- OPG Power Generation Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- GAC Shipping (India) Pvt Ltd
- The Treasury - Australian Government
- Baramulti Group, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Minerals Council of Australia
- Electricity Generating Authority of Thailand
- Standard Chartered Bank - UAE
- Mintek Dendrill Indonesia
- Heidelberg Cement - Germany
- Agrawal Coal Company - India
- Bhoruka Overseas - Indonesia
- Electricity Authority, New Zealand
- LBH Netherlands Bv - Netherlands
- Formosa Plastics Group - Taiwan
- Karbindo Abesyapradhi - Indoneisa
- TeaM Sual Corporation - Philippines
- GMR Energy Limited - India
- Leighton Contractors Pty Ltd - Australia
- International Coal Ventures Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Eastern Energy - Thailand
- Bangladesh Power Developement Board
- Coalindo Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Cement Manufacturers Association - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Parry Sugars Refinery, India
- GN Power Mariveles Coal Plant, Philippines
- Singapore Mercantile Exchange
- Wilmar Investment Holdings
- Mercuria Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Makmur.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Georgia Ports Authority, United States
- Aboitiz Power Corporation - Philippines
- Africa Commodities Group - South Africa
- Sree Jayajothi Cements Limited - India
- Economic Council, Georgia
- Sakthi Sugars Limited - India
- Therma Luzon, Inc, Philippines
- McConnell Dowell - Australia
- Independent Power Producers Association of India
- Medco Energi Mining Internasional
- Antam Resourcindo - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Savvy Resources Ltd - HongKong
- Metalloyd Limited - United Kingdom
- Thai Mozambique Logistica
- Romanian Commodities Exchange
- PetroVietnam Power Coal Import and Supply Company
- Billiton Holdings Pty Ltd - Australia
- Power Finance Corporation Ltd., India
- SMG Consultants - Indonesia
- Lanco Infratech Ltd - India
- Ministry of Mines - Canada
- PTC India Limited - India
- ASAPP Information Group - India
- Orica Australia Pty. Ltd.
- Kohat Cement Company Ltd. - Pakistan
- Australian Commodity Traders Exchange
- Jaiprakash Power Ventures ltd
- Maheswari Brothers Coal Limited - India
- Videocon Industries ltd - India
- Indonesian Coal Mining Association
- Oldendorff Carriers - Singapore
- Global Coal Blending Company Limited - Australia
- Star Paper Mills Limited - India
- Indogreen Group - Indonesia
- Ceylon Electricity Board - Sri Lanka
- IHS Mccloskey Coal Group - USA
- Bayan Resources Tbk. - Indonesia
- Global Business Power Corporation, Philippines
- Anglo American - United Kingdom
- Karaikal Port Pvt Ltd - India
- Central Java Power - Indonesia
- Eastern Coal Council - USA
- The University of Queensland
- Holcim Trading Pte Ltd - Singapore
- Simpson Spence & Young - Indonesia
- Ministry of Transport, Egypt
- Bulk Trading Sa - Switzerland
- Madhucon Powers Ltd - India
- Attock Cement Pakistan Limited
- Gujarat Mineral Development Corp Ltd - India
- Coal and Oil Company - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- VISA Power Limited - India
- Chettinad Cement Corporation Ltd - India
- White Energy Company Limited
- Rashtriya Ispat Nigam Limited - India
- Gujarat Electricity Regulatory Commission - India
- Merrill Lynch Commodities Europe
- CNBM International Corporation - China
- Global Green Power PLC Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- The State Trading Corporation of India Ltd
- Orica Mining Services - Indonesia
- Ind-Barath Power Infra Limited - India
- Barasentosa Lestari - Indonesia
- Kartika Selabumi Mining - Indonesia
- Rio Tinto Coal - Australia
- Kaltim Prima Coal - Indonesia
- Sarangani Energy Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Petron Corporation, Philippines
- Renaissance Capital - South Africa
- Larsen & Toubro Limited - India
- SMC Global Power, Philippines
- Bukit Baiduri Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Semirara Mining Corp, Philippines
- Malabar Cements Ltd - India
- Intertek Mineral Services - Indonesia
- Indika Energy - Indonesia
- Trasteel International SA, Italy
- CIMB Investment Bank - Malaysia
- Bhushan Steel Limited - India
- Salva Resources Pvt Ltd - India
- London Commodity Brokers - England
- Kalimantan Lumbung Energi - Indonesia
- Binh Thuan Hamico - Vietnam
- IEA Clean Coal Centre - UK
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