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Wednesday, 13 January 16
U.S. COAL PRODUCTION DECLINED BY 109 MMST IN 2015; COAL EXPORTS DECREASED 21% Y-O-Y
.jpg) COALspot.com: U.S. coal production declined by 109 million short tons (MMst) (11%) in 2015, the largest decline ever recorded, says EIA.
The 2015 drop in production occurred in all coal-producing regions, with the largest percentage decrease occurring in the Appalachian region (15%). Production in the Interior region, which includes the Illinois Basin, declined by 11% in 2015, which was the first decline in that region since 2009. Western region production declined by 9%, with production below 500 MMst for the first time since 1998, EIA says in its latest short-term energy outlook.
According to EIA’s short-term energy outlook, U.S. coal production continues to decline over the next two years. Production is projected to fall by 38 MMst (4%) in 2016 and by an additional 9 MMst (1%) in 2017.
However, Interior region production, which accounted for only 13% of coal production 10 years ago (2006), is projected to account for 20% of production in 2016 and 2017. This increase in share reflects the region's growing competitive advantages compared to the other coal-producing regions. These factors include the higher heat content of the coal, closer proximity to major markets than coal produced in the Western region, and lower mining costs than Appalachian-produced coal. Appalachian production, which accounted for 34% of production 10 years ago, is projected to decline to 24% in 2016 and 2017. The Western region's share, which was 53% 10 years ago, increases to 56% in 2016 and 2017.
US’s Electric power sector coal stockpiles were 176 MMst in October, an 8% increase from September, which is similar to the typical seasonal pattern. October coal inventories averaged 155 MMst during the previous 10 years (2005-14). Coal stockpiles are still relatively high because of the loss in market share to natural gas for power generation.
Coal Consumption
EIA estimates that, the coal consumption in U.S. decreased by 11% in 2015, mainly as a result of an 11% drop in electric power sector consumption. Lower natural gas prices are the primary driver of the decrease in coal consumption. Low natural gas prices make it more economical to increase generation at natural gas-fired units and to decrease generation at coal-fired units. Retirements of coal-fired power plants, stemming from both increased competition with natural gas generation and the implementation of the Mercury and Air Toxics Standards (MATS), also reduce coal-fired generation capacity, but the full effect will not be evident until 2016.
Higher forecast natural gas prices in 2016 and 2017 are expected to contribute to higher utilization rates among the remaining coal-fired power plants. This higher utilization rate somewhat mitigates the effect of lower consumption from coal-plant retirements. Coal consumption in the electric power sector is forecast to remain relatively unchanged in 2016. In 2017, increases in nuclear (1%), hydropower (8%), and other renewable-based (12%) electricity generation are forecast to contribute to a 1% decline in electric power sector coal consumption.
Coal Trade
Slower growth in world coal demand and lower international coal prices have contributed to a decline in U.S. coal exports. Lower mining costs, cheaper transportation costs, and favorable exchange rates will continue to provide an advantage to mines in other major coal-exporting countries compared with U.S. producers over the next few years.
EIA estimates, the U.S. coal exports have decreased 20 MMst (21%) from 2014 levels to 77 MMst in 2015. The current global coal market trends are expected to continue, and coal exports are forecast to decline by an additional 9 MMst (12%) in 2016 and by 2 MMst (4%) in 2017.
While, the U.S. coal imports, which were 11 MMst in 2014, remained at that level in 2015. Coal imports, primarily from Latin America, are forecast to maintain their market share with power generators along the Atlantic and Gulf coasts, as imported coal's delivered price in those markets remains competitive with prices for domestically produced coal. Imports are projected to average just under 11 MMst in 2016 and 2017.
Coal Prices
The annual average price of coal to the electric power sector averaged $2.36/MMBtu in 2014. EIA estimates the delivered coal price averaged $2.23/MMBtu in 2015.
Forecast prices are $2.19/MMBtu in 2016 and $2.20/MMBtu in 2017.
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Thursday, 04 February 16
CAPESIZE: WEST AUSTRALIAN TO CHINA HAS BEEN CONCLUDED AT US$ 2.85 PMT AND THE C3 MARKET REMAINS INACTIVE - FEARNLEYS
Capesize
As everyone is getting ready for the Chinese new year, already depressed rates are under further pressure.
According to Fearnleys, ...
Wednesday, 03 February 16
DRY BULK MARKET CONTINUES TO BE UNDER PRESSURE - INTERMODAL
The Dry Bulk market continues to be under pressure, with the BDI remaining in search of even the slightest support, which seems to be delaying more ...
Tuesday, 02 February 16
RECORD EXPORTS THROUGH SOUTH AFRICA'S RICHARDS BAY COAL TERMINAL MADE AT EXPENSE OF SMALLER RIVALS, IHS SAYS
Five percent increase in coal exports through South Africa’s dominant Richards Bay Coal Terminal in 2015 unlikely to accelerate country&rsquo ...
Tuesday, 02 February 16
SETTING ASIDE, STRIKING OUT AND APPEALS TO THE COURT OF APPEAL IN SHIP ARRESTS - RAJAH & TANN ASIA LLP
KNOWLEDGE TO ELEVATE
The Singapore Court of Appeal once again has had to grapple with ship arrest, setting aside and appeals to the Court unde ...
Monday, 01 February 16
DRY BULK SUFFERS FROM POSEIDON'S POTENT PRONGS - CLARKSONS
It has been a grim start to 2016 for the bulkcarrier market, with the Baltic Dry Index sliding to new record lows on almost every day of the year s ...
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- Bharathi Cement Corporation - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- London Commodity Brokers - England
- Bhatia International Limited - India
- Mintek Dendrill Indonesia
- Indonesian Coal Mining Association
- Wood Mackenzie - Singapore
- Latin American Coal - Colombia
- Bukit Makmur.PT - Indonesia
- Global Business Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Sindya Power Generating Company Private Ltd
- Kobexindo Tractors - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Petron Corporation, Philippines
- Central Java Power - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Sojitz Corporation - Japan
- Marubeni Corporation - India
- GN Power Mariveles Coal Plant, Philippines
- Billiton Holdings Pty Ltd - Australia
- Singapore Mercantile Exchange
- Carbofer General Trading SA - India
- Power Finance Corporation Ltd., India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Manunggal Multi Energi - Indonesia
- Bhoruka Overseas - Indonesia
- Metalloyd Limited - United Kingdom
- Goldman Sachs - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Kumho Petrochemical, South Korea
- Ministry of Mines - Canada
- Ind-Barath Power Infra Limited - India
- Indika Energy - Indonesia
- Orica Australia Pty. Ltd.
- Australian Coal Association
- IHS Mccloskey Coal Group - USA
- Antam Resourcindo - Indonesia
- The State Trading Corporation of India Ltd
- Energy Development Corp, Philippines
- Georgia Ports Authority, United States
- Coastal Gujarat Power Limited - India
- Gujarat Sidhee Cement - India
- India Bulls Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Parry Sugars Refinery, India
- Mercuria Energy - Indonesia
- Larsen & Toubro Limited - India
- Tata Chemicals Ltd - India
- IEA Clean Coal Centre - UK
- Jaiprakash Power Ventures ltd
- Samtan Co., Ltd - South Korea
- Deloitte Consulting - India
- European Bulk Services B.V. - Netherlands
- Straits Asia Resources Limited - Singapore
- Indogreen Group - Indonesia
- Coal and Oil Company - UAE
- Indo Tambangraya Megah - Indonesia
- Karaikal Port Pvt Ltd - India
- Thiess Contractors Indonesia
- South Luzon Thermal Energy Corporation
- Bulk Trading Sa - Switzerland
- Sinarmas Energy and Mining - Indonesia
- Economic Council, Georgia
- Romanian Commodities Exchange
- Uttam Galva Steels Limited - India
- Altura Mining Limited, Indonesia
- Attock Cement Pakistan Limited
- International Coal Ventures Pvt Ltd - India
- Eastern Energy - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Riau Bara Harum - Indonesia
- Sree Jayajothi Cements Limited - India
- Australian Commodity Traders Exchange
- Pendopo Energi Batubara - Indonesia
- Thai Mozambique Logistica
- AsiaOL BioFuels Corp., Philippines
- Directorate Of Revenue Intelligence - India
- PetroVietnam Power Coal Import and Supply Company
- Chamber of Mines of South Africa
- The University of Queensland
- SN Aboitiz Power Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Edison Trading Spa - Italy
- Asmin Koalindo Tuhup - Indonesia
- Mercator Lines Limited - India
- Maheswari Brothers Coal Limited - India
- Ceylon Electricity Board - Sri Lanka
- Essar Steel Hazira Ltd - India
- Vizag Seaport Private Limited - India
- Meenaskhi Energy Private Limited - India
- Grasim Industreis Ltd - India
- Sarangani Energy Corporation, Philippines
- Baramulti Group, Indonesia
- SMC Global Power, Philippines
- Jindal Steel & Power Ltd - India
- Formosa Plastics Group - Taiwan
- Orica Mining Services - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Price Waterhouse Coopers - Russia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kideco Jaya Agung - Indonesia
- PTC India Limited - India
- Bhushan Steel Limited - India
- Wilmar Investment Holdings
- Electricity Authority, New Zealand
- Kartika Selabumi Mining - Indonesia
- New Zealand Coal & Carbon
- LBH Netherlands Bv - Netherlands
- Bayan Resources Tbk. - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Africa Commodities Group - South Africa
- Xindia Steels Limited - India
- Global Coal Blending Company Limited - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Simpson Spence & Young - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- TeaM Sual Corporation - Philippines
- ASAPP Information Group - India
- SMG Consultants - Indonesia
- Ministry of Finance - Indonesia
- Oldendorff Carriers - Singapore
- Vedanta Resources Plc - India
- Barasentosa Lestari - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Posco Energy - South Korea
- Mjunction Services Limited - India
- Aditya Birla Group - India
- Cement Manufacturers Association - India
- Makarim & Taira - Indonesia
- Aboitiz Power Corporation - Philippines
- Coalindo Energy - Indonesia
- Electricity Generating Authority of Thailand
- Intertek Mineral Services - Indonesia
- McConnell Dowell - Australia
- The Treasury - Australian Government
- Rio Tinto Coal - Australia
- GAC Shipping (India) Pvt Ltd
- Chettinad Cement Corporation Ltd - India
- Planning Commission, India
- Energy Link Ltd, New Zealand
- Iligan Light & Power Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Alfred C Toepfer International GmbH - Germany
- Agrawal Coal Company - India
- Eastern Coal Council - USA
- Savvy Resources Ltd - HongKong
- Minerals Council of Australia
- Star Paper Mills Limited - India
- Central Electricity Authority - India
- Directorate General of MIneral and Coal - Indonesia
- Indian Oil Corporation Limited
- Siam City Cement PLC, Thailand
- Dalmia Cement Bharat India
- CNBM International Corporation - China
- Therma Luzon, Inc, Philippines
- Trasteel International SA, Italy
- Petrochimia International Co. Ltd.- Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- Tamil Nadu electricity Board
- Banpu Public Company Limited - Thailand
- Bukit Baiduri Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- CIMB Investment Bank - Malaysia
- White Energy Company Limited
- Miang Besar Coal Terminal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Standard Chartered Bank - UAE
- Global Green Power PLC Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Toyota Tsusho Corporation, Japan
- Globalindo Alam Lestari - Indonesia
- Anglo American - United Kingdom
- Borneo Indobara - Indonesia
- VISA Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Malabar Cements Ltd - India
- GMR Energy Limited - India
- ICICI Bank Limited - India
- MS Steel International - UAE
- Siam City Cement - Thailand
- GVK Power & Infra Limited - India
- Kaltim Prima Coal - Indonesia
- Lanco Infratech Ltd - India
- Heidelberg Cement - Germany
- Timah Investasi Mineral - Indoneisa
- Sakthi Sugars Limited - India
- Merrill Lynch Commodities Europe
- Madhucon Powers Ltd - India
- Medco Energi Mining Internasional
- Indian Energy Exchange, India
- Independent Power Producers Association of India
- Videocon Industries ltd - India
- Port Waratah Coal Services - Australia
- Bangladesh Power Developement Board
- Ministry of Transport, Egypt
- Parliament of New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- PowerSource Philippines DevCo
- Kohat Cement Company Ltd. - Pakistan
- San Jose City I Power Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Meralco Power Generation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Commonwealth Bank - Australia
- Binh Thuan Hamico - Vietnam
- Renaissance Capital - South Africa
- Semirara Mining Corp, Philippines
- Interocean Group of Companies - India
- Sical Logistics Limited - India
- Salva Resources Pvt Ltd - India
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