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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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Friday, 05 December 14
CHINESE SPECIAL STEEL MAKERS' RISK PROFILES MORE RESILIENT - FITCH
Fitch Ratings says the risk profiles of Chinese makers of special steel, especially high-end products, are more like those of manufacturers and mor ...
Friday, 05 December 14
U.S. YEAR-TO-DATE COAL PRODUCTION REACHED AROUND 905 MMST - EIA
COALspot.com – United States the world's one of the largest coal producers, produced approximately 19 million short tons (mmst) of coal i ...
Thursday, 04 December 14
CAPE MARKET IS DEVELOPING FROM BAD TO WORSE
Handy
The Atlantic market has been pretty stable and balanced this week, Fearnleys AS says in its latest weekly report.
The broker furt ...
Thursday, 04 December 14
DRY BULK MARKET; ANOTHER DISAPPOINTING WEEK
COALspot.com: For those who have been hoping to see alignment of freight direction across the Dry Bulk market, this must have been another disappoi ...
Wednesday, 03 December 14
PROGRESSING SMELTER PROJECTS IN INDONESIA
Press Release: Indonesia’s ban on ‘raw mineral export’ that was designed to encouraging downstream investment in mineral processi ...
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- Maharashtra Electricity Regulatory Commission - India
- Asmin Koalindo Tuhup - Indonesia
- Vedanta Resources Plc - India
- Interocean Group of Companies - India
- Thai Mozambique Logistica
- Malabar Cements Ltd - India
- White Energy Company Limited
- Singapore Mercantile Exchange
- GAC Shipping (India) Pvt Ltd
- Leighton Contractors Pty Ltd - Australia
- Madhucon Powers Ltd - India
- ICICI Bank Limited - India
- Siam City Cement PLC, Thailand
- Goldman Sachs - Singapore
- Latin American Coal - Colombia
- Uttam Galva Steels Limited - India
- Marubeni Corporation - India
- Banpu Public Company Limited - Thailand
- Anglo American - United Kingdom
- Makarim & Taira - Indonesia
- McConnell Dowell - Australia
- Indika Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- London Commodity Brokers - England
- Bukit Makmur.PT - Indonesia
- Wilmar Investment Holdings
- Eastern Coal Council - USA
- Bahari Cakrawala Sebuku - Indonesia
- Bharathi Cement Corporation - India
- International Coal Ventures Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Bhushan Steel Limited - India
- New Zealand Coal & Carbon
- Rio Tinto Coal - Australia
- Ministry of Transport, Egypt
- Central Electricity Authority - India
- Cigading International Bulk Terminal - Indonesia
- Indogreen Group - Indonesia
- Gujarat Sidhee Cement - India
- Energy Development Corp, Philippines
- Essar Steel Hazira Ltd - India
- Electricity Generating Authority of Thailand
- Xindia Steels Limited - India
- The Treasury - Australian Government
- Standard Chartered Bank - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Agrawal Coal Company - India
- Petrochimia International Co. Ltd.- Taiwan
- Jindal Steel & Power Ltd - India
- Riau Bara Harum - Indonesia
- Eastern Energy - Thailand
- Africa Commodities Group - South Africa
- Carbofer General Trading SA - India
- Sindya Power Generating Company Private Ltd
- Heidelberg Cement - Germany
- Australian Coal Association
- Altura Mining Limited, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Pendopo Energi Batubara - Indonesia
- Mercuria Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Posco Energy - South Korea
- Global Coal Blending Company Limited - Australia
- Parry Sugars Refinery, India
- SN Aboitiz Power Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
- IHS Mccloskey Coal Group - USA
- Wood Mackenzie - Singapore
- Baramulti Group, Indonesia
- Timah Investasi Mineral - Indoneisa
- Antam Resourcindo - Indonesia
- Renaissance Capital - South Africa
- OPG Power Generation Pvt Ltd - India
- Mjunction Services Limited - India
- Bayan Resources Tbk. - Indonesia
- Bangladesh Power Developement Board
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhoruka Overseas - Indonesia
- Price Waterhouse Coopers - Russia
- Orica Mining Services - Indonesia
- Power Finance Corporation Ltd., India
- Manunggal Multi Energi - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Petron Corporation, Philippines
- The State Trading Corporation of India Ltd
- Economic Council, Georgia
- Chettinad Cement Corporation Ltd - India
- Coastal Gujarat Power Limited - India
- Lanco Infratech Ltd - India
- TeaM Sual Corporation - Philippines
- Ambuja Cements Ltd - India
- Kepco SPC Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Independent Power Producers Association of India
- Neyveli Lignite Corporation Ltd, - India
- GN Power Mariveles Coal Plant, Philippines
- Kapuas Tunggal Persada - Indonesia
- Tamil Nadu electricity Board
- Intertek Mineral Services - Indonesia
- Sojitz Corporation - Japan
- Indonesian Coal Mining Association
- Aboitiz Power Corporation - Philippines
- Ministry of Mines - Canada
- Bank of Tokyo Mitsubishi UFJ Ltd
- Samtan Co., Ltd - South Korea
- Attock Cement Pakistan Limited
- ASAPP Information Group - India
- Chamber of Mines of South Africa
- Binh Thuan Hamico - Vietnam
- Planning Commission, India
- Directorate Of Revenue Intelligence - India
- VISA Power Limited - India
- Indo Tambangraya Megah - Indonesia
- South Luzon Thermal Energy Corporation
- Ceylon Electricity Board - Sri Lanka
- Australian Commodity Traders Exchange
- Minerals Council of Australia
- TNB Fuel Sdn Bhd - Malaysia
- Bhatia International Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Ind-Barath Power Infra Limited - India
- Trasteel International SA, Italy
- Holcim Trading Pte Ltd - Singapore
- Indian Energy Exchange, India
- PTC India Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Mercator Lines Limited - India
- PowerSource Philippines DevCo
- Miang Besar Coal Terminal - Indonesia
- GMR Energy Limited - India
- Georgia Ports Authority, United States
- Jaiprakash Power Ventures ltd
- Coalindo Energy - Indonesia
- MS Steel International - UAE
- PetroVietnam Power Coal Import and Supply Company
- Kohat Cement Company Ltd. - Pakistan
- Krishnapatnam Port Company Ltd. - India
- SMC Global Power, Philippines
- LBH Netherlands Bv - Netherlands
- Kideco Jaya Agung - Indonesia
- Oldendorff Carriers - Singapore
- Siam City Cement - Thailand
- Karaikal Port Pvt Ltd - India
- Aditya Birla Group - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kobexindo Tractors - Indoneisa
- Sree Jayajothi Cements Limited - India
- Sarangani Energy Corporation, Philippines
- Thiess Contractors Indonesia
- Meenaskhi Energy Private Limited - India
- CIMB Investment Bank - Malaysia
- Merrill Lynch Commodities Europe
- Metalloyd Limited - United Kingdom
- Simpson Spence & Young - Indonesia
- Tata Chemicals Ltd - India
- San Jose City I Power Corp, Philippines
- Star Paper Mills Limited - India
- Orica Australia Pty. Ltd.
- SMG Consultants - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Deloitte Consulting - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Port Waratah Coal Services - Australia
- Rashtriya Ispat Nigam Limited - India
- CNBM International Corporation - China
- Commonwealth Bank - Australia
- Globalindo Alam Lestari - Indonesia
- Indian Oil Corporation Limited
- Savvy Resources Ltd - HongKong
- Larsen & Toubro Limited - India
- Gujarat Electricity Regulatory Commission - India
- Kumho Petrochemical, South Korea
- PNOC Exploration Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- GVK Power & Infra Limited - India
- Edison Trading Spa - Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mintek Dendrill Indonesia
- Parliament of New Zealand
- Formosa Plastics Group - Taiwan
- Sinarmas Energy and Mining - Indonesia
- Ministry of Finance - Indonesia
- Grasim Industreis Ltd - India
- Electricity Authority, New Zealand
- The University of Queensland
- Coal and Oil Company - UAE
- Billiton Holdings Pty Ltd - Australia
- India Bulls Power Limited - India
- Dalmia Cement Bharat India
- Semirara Mining Corp, Philippines
- Vizag Seaport Private Limited - India
- Cement Manufacturers Association - India
- Kaltim Prima Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- Medco Energi Mining Internasional
- Global Business Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Videocon Industries ltd - India
- Romanian Commodities Exchange
- Energy Link Ltd, New Zealand
- Kartika Selabumi Mining - Indonesia
- Sical Logistics Limited - India
- Borneo Indobara - Indonesia
- Central Java Power - Indonesia
- Sakthi Sugars Limited - India
- Meralco Power Generation, Philippines
- European Bulk Services B.V. - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- IEA Clean Coal Centre - UK
- Karbindo Abesyapradhi - Indoneisa
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