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Friday, 09 January 15
U.S. EASTERN SPOT STEAM COAL PRICES FELL IN 2014; ROSE IN WEST - EIA
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, 21 October 14
INDIA'S DIESEL DEREGULATION POSITIVE FOR OIL COMPANIES - FITCH
The Indian government's 18 October decision to deregulate diesel prices will have a positive effect on the national oil marketing companies tha ...
Tuesday, 21 October 14
LOW DEMAND PUTTING COAL SWAPS UNDER PRESSURE
COALspot.com: Indonesian coal swaps for delivery Q4' 2014 lost on day, week and month.
The swap has lost US$ 1.57 (-3.04%) month on month ...
Monday, 20 October 14
CHINA'S ENVIRONMENTAL POLICIES DO NOT SPELL THE END FOR COAL - WOOD MACKENZIE
China's environmental policies do not spell the end for coal Analysis across energy commodities show coal still accounting for 64% of power mix ...
Monday, 20 October 14
CFR SOUTH CHINA COAL SWAPS FAILED TO PERFORM POSITIVE
COALspot.com: API 8 CFR South China Coal swap for Q4’ 2014 delivery decreased US$ 3.04 (-4.57%) month over month and US$ 1.75 (-2.68%) week o ...
Sunday, 19 October 14
LOW DEMAND PUSHES DOWN COAL FREIGHT RATES; VOLATILITY CONTINUES
COALspot.com: This week all the segments softened including BDI except for Panamax index.
The BDI was down by1.70 pct and clsoed at 944 points ...
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- IHS Mccloskey Coal Group - USA
- MS Steel International - UAE
- Savvy Resources Ltd - HongKong
- Merrill Lynch Commodities Europe
- Aboitiz Power Corporation - Philippines
- Romanian Commodities Exchange
- Mjunction Services Limited - India
- Global Coal Blending Company Limited - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jorong Barutama Greston.PT - Indonesia
- Georgia Ports Authority, United States
- Vijayanagar Sugar Pvt Ltd - India
- Indian Oil Corporation Limited
- Edison Trading Spa - Italy
- Malabar Cements Ltd - India
- Riau Bara Harum - Indonesia
- Power Finance Corporation Ltd., India
- Krishnapatnam Port Company Ltd. - India
- Binh Thuan Hamico - Vietnam
- Makarim & Taira - Indonesia
- Eastern Coal Council - USA
- Toyota Tsusho Corporation, Japan
- Grasim Industreis Ltd - India
- Petron Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Intertek Mineral Services - Indonesia
- Indonesian Coal Mining Association
- International Coal Ventures Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Rio Tinto Coal - Australia
- Rashtriya Ispat Nigam Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Salva Resources Pvt Ltd - India
- Coal and Oil Company - UAE
- Timah Investasi Mineral - Indoneisa
- Jindal Steel & Power Ltd - India
- ICICI Bank Limited - India
- South Luzon Thermal Energy Corporation
- Leighton Contractors Pty Ltd - Australia
- Borneo Indobara - Indonesia
- IEA Clean Coal Centre - UK
- Global Business Power Corporation, Philippines
- McConnell Dowell - Australia
- Star Paper Mills Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Sakthi Sugars Limited - India
- The University of Queensland
- Asmin Koalindo Tuhup - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Trasteel International SA, Italy
- Coalindo Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Vizag Seaport Private Limited - India
- PNOC Exploration Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Videocon Industries ltd - India
- Larsen & Toubro Limited - India
- Electricity Authority, New Zealand
- Directorate Of Revenue Intelligence - India
- GN Power Mariveles Coal Plant, Philippines
- Baramulti Group, Indonesia
- Oldendorff Carriers - Singapore
- Chamber of Mines of South Africa
- Bhoruka Overseas - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Thai Mozambique Logistica
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Tata Chemicals Ltd - India
- Uttam Galva Steels Limited - India
- Australian Coal Association
- TeaM Sual Corporation - Philippines
- Mintek Dendrill Indonesia
- Kepco SPC Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Iligan Light & Power Inc, Philippines
- Electricity Generating Authority of Thailand
- Sindya Power Generating Company Private Ltd
- Commonwealth Bank - Australia
- Dalmia Cement Bharat India
- White Energy Company Limited
- Xindia Steels Limited - India
- Essar Steel Hazira Ltd - India
- Madhucon Powers Ltd - India
- ASAPP Information Group - India
- GVK Power & Infra Limited - India
- Marubeni Corporation - India
- Sinarmas Energy and Mining - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Renaissance Capital - South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Development Corp, Philippines
- Bangladesh Power Developement Board
- Karaikal Port Pvt Ltd - India
- Thiess Contractors Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Deloitte Consulting - India
- Goldman Sachs - Singapore
- Attock Cement Pakistan Limited
- Heidelberg Cement - Germany
- London Commodity Brokers - England
- TNB Fuel Sdn Bhd - Malaysia
- Kapuas Tunggal Persada - Indonesia
- Meenaskhi Energy Private Limited - India
- GMR Energy Limited - India
- Agrawal Coal Company - India
- Maheswari Brothers Coal Limited - India
- Africa Commodities Group - South Africa
- Kartika Selabumi Mining - Indonesia
- Lanco Infratech Ltd - India
- Interocean Group of Companies - India
- PTC India Limited - India
- Antam Resourcindo - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Central Electricity Authority - India
- Banpu Public Company Limited - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Altura Mining Limited, Indonesia
- Ind-Barath Power Infra Limited - India
- Planning Commission, India
- Latin American Coal - Colombia
- Wood Mackenzie - Singapore
- San Jose City I Power Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Ministry of Finance - Indonesia
- Bukit Baiduri Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Carbofer General Trading SA - India
- Medco Energi Mining Internasional
- Samtan Co., Ltd - South Korea
- Central Java Power - Indonesia
- Kaltim Prima Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Indogreen Group - Indonesia
- Therma Luzon, Inc, Philippines
- Ministry of Mines - Canada
- Cement Manufacturers Association - India
- Simpson Spence & Young - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Orica Mining Services - Indonesia
- Posco Energy - South Korea
- Barasentosa Lestari - Indonesia
- The State Trading Corporation of India Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Makmur.PT - Indonesia
- Eastern Energy - Thailand
- Bulk Trading Sa - Switzerland
- Neyveli Lignite Corporation Ltd, - India
- Kumho Petrochemical, South Korea
- Indo Tambangraya Megah - Indonesia
- Minerals Council of Australia
- CIMB Investment Bank - Malaysia
- Indika Energy - Indonesia
- Parliament of New Zealand
- Meralco Power Generation, Philippines
- Gujarat Sidhee Cement - India
- Sarangani Energy Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- OPG Power Generation Pvt Ltd - India
- Bharathi Cement Corporation - India
- Kohat Cement Company Ltd. - Pakistan
- Siam City Cement PLC, Thailand
- Indian Energy Exchange, India
- Mercator Lines Limited - India
- Sojitz Corporation - Japan
- Siam City Cement - Thailand
- Bhushan Steel Limited - India
- Parry Sugars Refinery, India
- Wilmar Investment Holdings
- Ministry of Transport, Egypt
- Alfred C Toepfer International GmbH - Germany
- Global Green Power PLC Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Sical Logistics Limited - India
- India Bulls Power Limited - India
- Economic Council, Georgia
- SMC Global Power, Philippines
- Orica Australia Pty. Ltd.
- LBH Netherlands Bv - Netherlands
- Singapore Mercantile Exchange
- VISA Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Formosa Plastics Group - Taiwan
- Vedanta Resources Plc - India
- PowerSource Philippines DevCo
- Sree Jayajothi Cements Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Mercuria Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- The Treasury - Australian Government
- Price Waterhouse Coopers - Russia
- Semirara Mining Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Ambuja Cements Ltd - India
- Standard Chartered Bank - UAE
- Bhatia International Limited - India
- Energy Link Ltd, New Zealand
- Gujarat Electricity Regulatory Commission - India
- Metalloyd Limited - United Kingdom
- Chettinad Cement Corporation Ltd - India
- Port Waratah Coal Services - Australia
- SMG Consultants - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Tamil Nadu electricity Board
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Anglo American - United Kingdom
- Independent Power Producers Association of India
- Billiton Holdings Pty Ltd - Australia
- Aditya Birla Group - India
- Globalindo Alam Lestari - Indonesia
- Manunggal Multi Energi - Indonesia
- New Zealand Coal & Carbon
- SN Aboitiz Power Inc, Philippines
- CNBM International Corporation - China
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