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Wednesday, 09 March 16
U.S. COAL EXPORTS DECLINED 24% (74 MMST) IN 2015; COAL PRODUCTION IS EXPECTED TO DECREASE BY 111 MMST IN 2016 - EIA
U.S. Coal Supply
EIA estimates that U.S. coal production for February 2016 was 54 million short tons (MMst), a 4 MMst (7%) decrease from the previous month and 18 MMst less than in February 2015.
According to EIA, Forecast coal production is expected to decrease by 111 MMst (12%) in 2016, which would be the largest annual percentage decline since 1958. In 2016, forecast Appalachian and Western region production declines by 9% and 17%, respectively, and Interior region production falls by 4%. Total coal production is expected to stabilize in 2017, increasing by 16 MMst (2%).
Interior region production, which accounted for 13% of coal production 10 years ago, is projected to account for 21% of production in 2016 and 2017. This increase in share reflects the region's growing competitive advantages compared with other U.S. coal-producing regions despite its higher sulfur content. These advantages include Interior coal's higher heat content, closer proximity to major markets than Western region coal, the prevalence of sulfur dioxide scrubbers at coal-fired electric generating units to comply with the Environmental Protection Agency's (EPA) Mercury and Air Toxics Standards (MATS), and lower mining costs than Appalachia-produced coal, EIA said in its latest short-term energy outlook.
Electric power sector coal stockpiles were 197 MMst in December, a 4% increase from November. This atypical increase in winter coal stockpiles can be attributed to the December decrease in daily coal consumption because of record warm temperatures and lower coal use for electricity generation. December coal inventories averaged 158 MMst during the previous 10 years (2005-14).
Coal Consumption
EIA estimates that U.S. coal consumption decreased by 13% in 2015, mainly as a result of a 13% drop in electric power sector consumption. Coal consumption in the electric power sector is forecast to decline by 29 MMst (4%) in 2016 as a result of mild winter weather and continuing competition with natural gas generation. Electric power sector coal consumption is forecast to increase by 10 MMst (1%) in 2017 primarily because of rising natural gas prices. Retirements of coal-fired power plants, because of increased competition with natural gas generation and the industry response to the implementation of MATS, reduce coal-fired generation capacity in the forecast period.
Coal Trade
According to EIA, 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 are expected to 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 U.S. coal exports decreased 23 MMst (24%) in 2015, falling to 74 MMst. The current global coal market trends are expected to continue, and coal exports are forecast to decline by an additional 10 MMst (13%) in 2016 and by 3 MMst (5%) in 2017.
U.S. coal imports were estimated at 11 MMst in 2015. Atlantic and Gulf Coast power generators are forecast to generally maintain their current levels of coal imports, primarily from Latin America. Imports are projected to total about 10 MMst in 2016 and 11 MMst in 2017.
Coal Prices
EIA estimates the delivered coal price averaged $2.23/MMBtu in 2015. Forecast prices are $2.18/MMBtu in 2016 and $2.20/MMBtu in 2017.
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Monday, 15 August 16
THE SPOT FREIGHT MARKET STRENGTHEN OVER THIS WEEK
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities rose as Cape and Panamax segments ending in a positive no ...
Friday, 12 August 16
U.S. WEEKLY COAL OUTPUT ENDING AUGUST 6 FELL SLIGHTLY
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 15.9 million short ton ...
Thursday, 11 August 16
CAPESIZE THE PACIFIC SIDE IS LOOKING MORE POSITIVE, DRIVEN BY AUSTRALIAN IRON ORE - FEARNLEYS
Supramax
Rates continue to be under pressure with index ending up with 639 points and average TC value at USD6,680, said Fearnleys. Fearnleys A/S ...
Thursday, 11 August 16
EIA ESTIMATES THE DELIVERED COAL PRICE TO U.S. ELECTRIC UTILITIES IN 2017 AVERAGED $2.24/MMBTU; $0.05/MMBTU HIGHER THAN 2016 ESTIMATES
Coal Supply
U.S. coal production in July was 65 million short tons (MMst), an 8 MMst (14%) increase from the previous month but 11 MMst (15%) low ...
Wednesday, 10 August 16
THE DRY BULK MARKET KEPT SOFTENING LAST WEEK; WE CAN SEE MUCH HEALTHIER NUMBERS STARTING SEPTEMBER
The Dry Bulk market kept softening last week as we have now started going through the traditionally quieter days of the summer season peak period, ...
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- Siam City Cement - Thailand
- Australian Commodity Traders Exchange
- PTC India Limited - India
- Bhatia International Limited - India
- Coastal Gujarat Power Limited - India
- Latin American Coal - Colombia
- Bukit Baiduri Energy - Indonesia
- VISA Power Limited - India
- Australian Coal Association
- Orica Mining Services - Indonesia
- Chamber of Mines of South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Pendopo Energi Batubara - Indonesia
- Aboitiz Power Corporation - Philippines
- Electricity Generating Authority of Thailand
- Ceylon Electricity Board - Sri Lanka
- Grasim Industreis Ltd - India
- Meenaskhi Energy Private Limited - India
- PowerSource Philippines DevCo
- Bank of Tokyo Mitsubishi UFJ Ltd
- Parliament of New Zealand
- Borneo Indobara - Indonesia
- MS Steel International - UAE
- Parry Sugars Refinery, India
- Bahari Cakrawala Sebuku - Indonesia
- Altura Mining Limited, Indonesia
- Merrill Lynch Commodities Europe
- Sindya Power Generating Company Private Ltd
- Tamil Nadu electricity Board
- Miang Besar Coal Terminal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Kaltim Prima Coal - Indonesia
- Thiess Contractors Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Baramulti Group, Indonesia
- Rio Tinto Coal - Australia
- Indonesian Coal Mining Association
- Antam Resourcindo - Indonesia
- Malabar Cements Ltd - India
- Ministry of Finance - Indonesia
- Kobexindo Tractors - Indoneisa
- Georgia Ports Authority, United States
- Sree Jayajothi Cements Limited - India
- Kartika Selabumi Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Straits Asia Resources Limited - Singapore
- Siam City Cement PLC, Thailand
- Therma Luzon, Inc, Philippines
- Agrawal Coal Company - India
- Globalindo Alam Lestari - Indonesia
- ICICI Bank Limited - India
- Kepco SPC Power Corporation, Philippines
- Videocon Industries ltd - India
- Port Waratah Coal Services - Australia
- Sinarmas Energy and Mining - Indonesia
- Lanco Infratech Ltd - India
- Power Finance Corporation Ltd., India
- Independent Power Producers Association of India
- Makarim & Taira - Indonesia
- Energy Link Ltd, New Zealand
- Economic Council, Georgia
- Binh Thuan Hamico - Vietnam
- Uttam Galva Steels Limited - India
- Commonwealth Bank - Australia
- Sakthi Sugars Limited - India
- London Commodity Brokers - England
- Mercator Lines Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- White Energy Company Limited
- Kohat Cement Company Ltd. - Pakistan
- ASAPP Information Group - India
- Madhucon Powers Ltd - India
- Marubeni Corporation - India
- The State Trading Corporation of India Ltd
- Price Waterhouse Coopers - Russia
- Intertek Mineral Services - Indonesia
- Energy Development Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Central Electricity Authority - India
- Billiton Holdings Pty Ltd - Australia
- Bhushan Steel Limited - India
- Vizag Seaport Private Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Transport, Egypt
- Bharathi Cement Corporation - India
- CNBM International Corporation - China
- Rashtriya Ispat Nigam Limited - India
- Formosa Plastics Group - Taiwan
- Romanian Commodities Exchange
- Heidelberg Cement - Germany
- Ministry of Mines - Canada
- Maheswari Brothers Coal Limited - India
- Wilmar Investment Holdings
- Orica Australia Pty. Ltd.
- Vedanta Resources Plc - India
- Metalloyd Limited - United Kingdom
- CIMB Investment Bank - Malaysia
- Bukit Asam (Persero) Tbk - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Semirara Mining and Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Trasteel International SA, Italy
- Chettinad Cement Corporation Ltd - India
- Iligan Light & Power Inc, Philippines
- Barasentosa Lestari - Indonesia
- Deloitte Consulting - India
- Neyveli Lignite Corporation Ltd, - India
- Indian Oil Corporation Limited
- Goldman Sachs - Singapore
- Savvy Resources Ltd - HongKong
- Directorate Of Revenue Intelligence - India
- South Luzon Thermal Energy Corporation
- Tata Chemicals Ltd - India
- Bukit Makmur.PT - Indonesia
- Indogreen Group - Indonesia
- Samtan Co., Ltd - South Korea
- Larsen & Toubro Limited - India
- TeaM Sual Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- IEA Clean Coal Centre - UK
- Mjunction Services Limited - India
- Karaikal Port Pvt Ltd - India
- Thai Mozambique Logistica
- Banpu Public Company Limited - Thailand
- McConnell Dowell - Australia
- Coal and Oil Company - UAE
- European Bulk Services B.V. - Netherlands
- SMG Consultants - Indonesia
- Kapuas Tunggal Persada - Indonesia
- GVK Power & Infra Limited - India
- Toyota Tsusho Corporation, Japan
- Mintek Dendrill Indonesia
- GAC Shipping (India) Pvt Ltd
- Asmin Koalindo Tuhup - Indonesia
- Global Business Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Oldendorff Carriers - Singapore
- PNOC Exploration Corporation - Philippines
- Jaiprakash Power Ventures ltd
- OPG Power Generation Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Ambuja Cements Ltd - India
- Planning Commission, India
- Aditya Birla Group - India
- Essar Steel Hazira Ltd - India
- Wood Mackenzie - Singapore
- Indika Energy - Indonesia
- Star Paper Mills Limited - India
- Kideco Jaya Agung - Indonesia
- Sojitz Corporation - Japan
- Central Java Power - Indonesia
- Sical Logistics Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Minerals Council of Australia
- Global Coal Blending Company Limited - Australia
- Bayan Resources Tbk. - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Standard Chartered Bank - UAE
- Simpson Spence & Young - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- GMR Energy Limited - India
- Leighton Contractors Pty Ltd - Australia
- IHS Mccloskey Coal Group - USA
- Coalindo Energy - Indonesia
- Eastern Coal Council - USA
- Interocean Group of Companies - India
- Singapore Mercantile Exchange
- Cement Manufacturers Association - India
- Semirara Mining Corp, Philippines
- Riau Bara Harum - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Mercuria Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Edison Trading Spa - Italy
- SN Aboitiz Power Inc, Philippines
- India Bulls Power Limited - India
- Ind-Barath Power Infra Limited - India
- Eastern Energy - Thailand
- Carbofer General Trading SA - India
- Dalmia Cement Bharat India
- Gujarat Electricity Regulatory Commission - India
- Alfred C Toepfer International GmbH - Germany
- Africa Commodities Group - South Africa
- Sarangani Energy Corporation, Philippines
- Meralco Power Generation, Philippines
- LBH Netherlands Bv - Netherlands
- Anglo American - United Kingdom
- Bhoruka Overseas - Indonesia
- The Treasury - Australian Government
- Indian Energy Exchange, India
- New Zealand Coal & Carbon
- Posco Energy - South Korea
- Gujarat Sidhee Cement - India
- Manunggal Multi Energi - Indonesia
- Indo Tambangraya Megah - Indonesia
- Petron Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- San Jose City I Power Corp, Philippines
- The University of Queensland
- Bangladesh Power Developement Board
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jindal Steel & Power Ltd - India
- Medco Energi Mining Internasional
- Xindia Steels Limited - India
- Renaissance Capital - South Africa
- Global Green Power PLC Corporation, Philippines
- Electricity Authority, New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Attock Cement Pakistan Limited
- SMC Global Power, Philippines
- Salva Resources Pvt Ltd - India
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