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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, 07 November 14
U.S. PRODUCED 85.60 MILLION SHORT TONS OF COAL IN OCTOBER, UP 2.88% M-O-M
COALspot.com – United States the world's one of the largest coal producers, produced approximately 19.0 million short tons (mmst) of coal ...
Thursday, 06 November 14
THE ATLANTIC HAS REMAINED STRONG WITH A HEALTHY SUPPLY OF NEW CARGOES
Handy
This week has continued its slow trend in both hemispheres and even though rates are a bit up w-o-w it is not a clear sign for any improvem ...
Wednesday, 05 November 14
CAPESIZE SEGMENT ENJOYED FIRMING RATES ACROSS BOTH BASINS
Following a fantastic week in terms of rate performance for Capes, the Dry Bulk market managed to note another positive weekly closing, which stron ...
Wednesday, 05 November 14
SHIPPING MARKET INSIGHT - PANOS TSILINGIRIS
COALspot.com: The steep appreciation in dry bulker values between late 2012 and March 2014 resulted in unrealistically expensive ship values compar ...
Tuesday, 04 November 14
INDONESIAN COAL SWAPS FOR 2015 DELIVERIES SHOW A WEAK TREND
COALspot.com: Indonesian coal swaps for delivery Q4' 2014 lost month on month and gained day on day and week on week, the trend was same as las ...
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- Vizag Seaport Private Limited - India
- Commonwealth Bank - Australia
- Cigading International Bulk Terminal - Indonesia
- SMC Global Power, Philippines
- Power Finance Corporation Ltd., India
- SMG Consultants - Indonesia
- Minerals Council of Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parry Sugars Refinery, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mintek Dendrill Indonesia
- Energy Link Ltd, New Zealand
- Videocon Industries ltd - India
- Chettinad Cement Corporation Ltd - India
- Trasteel International SA, Italy
- Australian Coal Association
- International Coal Ventures Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
- Binh Thuan Hamico - Vietnam
- IHS Mccloskey Coal Group - USA
- Pipit Mutiara Jaya. PT, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Star Paper Mills Limited - India
- Eastern Coal Council - USA
- GAC Shipping (India) Pvt Ltd
- Metalloyd Limited - United Kingdom
- Parliament of New Zealand
- Globalindo Alam Lestari - Indonesia
- India Bulls Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Vedanta Resources Plc - India
- Economic Council, Georgia
- Bank of Tokyo Mitsubishi UFJ Ltd
- ASAPP Information Group - India
- Deloitte Consulting - India
- Kepco SPC Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Carbofer General Trading SA - India
- Renaissance Capital - South Africa
- Mercuria Energy - Indonesia
- Mercator Lines Limited - India
- Ambuja Cements Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Uttam Galva Steels Limited - India
- The State Trading Corporation of India Ltd
- PTC India Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kohat Cement Company Ltd. - Pakistan
- Petrochimia International Co. Ltd.- Taiwan
- LBH Netherlands Bv - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- Petron Corporation, Philippines
- Orica Australia Pty. Ltd.
- Coastal Gujarat Power Limited - India
- Siam City Cement PLC, Thailand
- Xindia Steels Limited - India
- Antam Resourcindo - Indonesia
- London Commodity Brokers - England
- Latin American Coal - Colombia
- Indonesian Coal Mining Association
- TeaM Sual Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Bulk Trading Sa - Switzerland
- Agrawal Coal Company - India
- Thiess Contractors Indonesia
- Barasentosa Lestari - Indonesia
- Electricity Generating Authority of Thailand
- OPG Power Generation Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- GMR Energy Limited - India
- Global Business Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Indika Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Altura Mining Limited, Indonesia
- Coal and Oil Company - UAE
- Miang Besar Coal Terminal - Indonesia
- Samtan Co., Ltd - South Korea
- Global Green Power PLC Corporation, Philippines
- CNBM International Corporation - China
- Sinarmas Energy and Mining - Indonesia
- Thai Mozambique Logistica
- Indian Oil Corporation Limited
- Coalindo Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Merrill Lynch Commodities Europe
- Leighton Contractors Pty Ltd - Australia
- Sindya Power Generating Company Private Ltd
- Iligan Light & Power Inc, Philippines
- Tamil Nadu electricity Board
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karbindo Abesyapradhi - Indoneisa
- The Treasury - Australian Government
- Siam City Cement - Thailand
- PNOC Exploration Corporation - Philippines
- McConnell Dowell - Australia
- Ministry of Mines - Canada
- MS Steel International - UAE
- Oldendorff Carriers - Singapore
- Africa Commodities Group - South Africa
- Meenaskhi Energy Private Limited - India
- Dalmia Cement Bharat India
- Ministry of Finance - Indonesia
- Semirara Mining Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Baramulti Group, Indonesia
- Goldman Sachs - Singapore
- Ceylon Electricity Board - Sri Lanka
- New Zealand Coal & Carbon
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Attock Cement Pakistan Limited
- Interocean Group of Companies - India
- Formosa Plastics Group - Taiwan
- Maheswari Brothers Coal Limited - India
- ICICI Bank Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Sarangani Energy Corporation, Philippines
- Meralco Power Generation, Philippines
- Kartika Selabumi Mining - Indonesia
- Chamber of Mines of South Africa
- Kideco Jaya Agung - Indonesia
- Ministry of Transport, Egypt
- Kobexindo Tractors - Indoneisa
- Bhatia International Limited - India
- Georgia Ports Authority, United States
- Independent Power Producers Association of India
- Directorate Of Revenue Intelligence - India
- Central Java Power - Indonesia
- Sical Logistics Limited - India
- Electricity Authority, New Zealand
- Larsen & Toubro Limited - India
- Romanian Commodities Exchange
- Port Waratah Coal Services - Australia
- Medco Energi Mining Internasional
- Energy Development Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Central Electricity Authority - India
- San Jose City I Power Corp, Philippines
- Singapore Mercantile Exchange
- Bangladesh Power Developement Board
- Bukit Makmur.PT - Indonesia
- Grasim Industreis Ltd - India
- Manunggal Multi Energi - Indonesia
- Australian Commodity Traders Exchange
- Borneo Indobara - Indonesia
- Aditya Birla Group - India
- Riau Bara Harum - Indonesia
- South Luzon Thermal Energy Corporation
- SN Aboitiz Power Inc, Philippines
- GVK Power & Infra Limited - India
- Madhucon Powers Ltd - India
- IEA Clean Coal Centre - UK
- Indian Energy Exchange, India
- Gujarat Electricity Regulatory Commission - India
- Essar Steel Hazira Ltd - India
- Kumho Petrochemical, South Korea
- Simpson Spence & Young - Indonesia
- Salva Resources Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- PowerSource Philippines DevCo
- Bahari Cakrawala Sebuku - Indonesia
- Sojitz Corporation - Japan
- Krishnapatnam Port Company Ltd. - India
- White Energy Company Limited
- Bukit Asam (Persero) Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Savvy Resources Ltd - HongKong
- Directorate General of MIneral and Coal - Indonesia
- Malabar Cements Ltd - India
- Orica Mining Services - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Rio Tinto Coal - Australia
- Price Waterhouse Coopers - Russia
- Cement Manufacturers Association - India
- Jaiprakash Power Ventures ltd
- Edison Trading Spa - Italy
- PetroVietnam Power Coal Import and Supply Company
- VISA Power Limited - India
- CIMB Investment Bank - Malaysia
- Eastern Energy - Thailand
- Marubeni Corporation - India
- Alfred C Toepfer International GmbH - Germany
- Bayan Resources Tbk. - Indonesia
- Karaikal Port Pvt Ltd - India
- The University of Queensland
- Planning Commission, India
- Toyota Tsusho Corporation, Japan
- Anglo American - United Kingdom
- Wilmar Investment Holdings
- Ind-Barath Power Infra Limited - India
- Bharathi Cement Corporation - India
- Makarim & Taira - Indonesia
- Tata Chemicals Ltd - India
- Bhushan Steel Limited - India
- Heidelberg Cement - Germany
- Standard Chartered Bank - UAE
- Aboitiz Power Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Timah Investasi Mineral - Indoneisa
- European Bulk Services B.V. - Netherlands
- Indo Tambangraya Megah - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Straits Asia Resources Limited - Singapore
- Gujarat Sidhee Cement - India
- Wood Mackenzie - Singapore
- Semirara Mining and Power Corporation, Philippines
- Indogreen Group - Indonesia
- Banpu Public Company Limited - Thailand
- Posco Energy - South Korea
- Mjunction Services Limited - India
- Sakthi Sugars Limited - India
- Lanco Infratech Ltd - India
- Kapuas Tunggal Persada - Indonesia
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