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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, 25 April 16
BALTIC DRY INDEX ENDS WEEK ON A POSITIVE NOTE
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities continued to rose this week.
The freight market was ...
Friday, 22 April 16
U.S WEEKLY DOMESTIC COAL OUTPUT UP 8.2 PER CENT - EIA
COALspot.com – U.S the world’s second largest coal producer has produced approximately totaled an estimated 11.1 million short tons (mm ...
Thursday, 21 April 16
PANAMAX: A VERY HEALTHY NORTH ATLANTIC FOR BOTH ROUNDS AND FRONTHAUL
Capesize
Correcting after last week's quadrupling.
This year's highest daily average of USD 8000 came on the back of substantial pro ...
Wednesday, 20 April 16
2017 IS EXPECTED TO BE A MUCH BETTER YEAR FOR THE SHIPPING INDUSTRY - INTERMODAL
Some months ago we noted that all projections anticipated 2016 to be a better year from a macroeconomic point of view when compared to 2015. As we ...
Tuesday, 19 April 16
STARS STILL SHINING? KEY IMPORTERS THROUGH THE TELESCOPE - CLARKSONS
As the pace of growth in Chinese seaborne imports has slowed, and prospects for a return to stronger rates of expansion appear to have diminished, ...
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- Sree Jayajothi Cements Limited - India
- Simpson Spence & Young - Indonesia
- Tamil Nadu electricity Board
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- IHS Mccloskey Coal Group - USA
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- GAC Shipping (India) Pvt Ltd
- Gujarat Sidhee Cement - India
- Wood Mackenzie - Singapore
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- Ambuja Cements Ltd - India
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- South Luzon Thermal Energy Corporation
- Ministry of Transport, Egypt
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- Krishnapatnam Port Company Ltd. - India
- Global Coal Blending Company Limited - Australia
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- Essar Steel Hazira Ltd - India
- Eastern Energy - Thailand
- Ministry of Finance - Indonesia
- New Zealand Coal & Carbon
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- Power Finance Corporation Ltd., India
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- Electricity Authority, New Zealand
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- Pipit Mutiara Jaya. PT, Indonesia
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- Oldendorff Carriers - Singapore
- Neyveli Lignite Corporation Ltd, - India
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- TNB Fuel Sdn Bhd - Malaysia
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- Semirara Mining Corp, Philippines
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indonesian Coal Mining Association
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- Coalindo Energy - Indonesia
- Borneo Indobara - Indonesia
- Siam City Cement PLC, Thailand
- Ministry of Mines - Canada
- Kumho Petrochemical, South Korea
- The University of Queensland
- Deloitte Consulting - India
- Bangladesh Power Developement Board
- VISA Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- International Coal Ventures Pvt Ltd - India
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- Meralco Power Generation, Philippines
- Georgia Ports Authority, United States
- Savvy Resources Ltd - HongKong
- Globalindo Alam Lestari - Indonesia
- Binh Thuan Hamico - Vietnam
- Global Green Power PLC Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Indian Energy Exchange, India
- Attock Cement Pakistan Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Siam City Cement - Thailand
- Port Waratah Coal Services - Australia
- Energy Link Ltd, New Zealand
- The State Trading Corporation of India Ltd
- Orica Australia Pty. Ltd.
- Intertek Mineral Services - Indonesia
- Pendopo Energi Batubara - Indonesia
- GMR Energy Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Goldman Sachs - Singapore
- TeaM Sual Corporation - Philippines
- Coastal Gujarat Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- PetroVietnam Power Coal Import and Supply Company
- Karbindo Abesyapradhi - Indoneisa
- Grasim Industreis Ltd - India
- Kideco Jaya Agung - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Coal Association
- Sojitz Corporation - Japan
- Petron Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Marubeni Corporation - India
- Manunggal Multi Energi - Indonesia
- Chamber of Mines of South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Directorate General of MIneral and Coal - Indonesia
- ASAPP Information Group - India
- Semirara Mining and Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Banpu Public Company Limited - Thailand
- Dalmia Cement Bharat India
- Parry Sugars Refinery, India
- Posco Energy - South Korea
- San Jose City I Power Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Central Java Power - Indonesia
- Interocean Group of Companies - India
- PTC India Limited - India
- Agrawal Coal Company - India
- Rashtriya Ispat Nigam Limited - India
- GVK Power & Infra Limited - India
- Leighton Contractors Pty Ltd - Australia
- Malabar Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Anglo American - United Kingdom
- SMC Global Power, Philippines
- Standard Chartered Bank - UAE
- Energy Development Corp, Philippines
- Rio Tinto Coal - Australia
- Alfred C Toepfer International GmbH - Germany
- Antam Resourcindo - Indonesia
- SN Aboitiz Power Inc, Philippines
- IEA Clean Coal Centre - UK
- Commonwealth Bank - Australia
- Barasentosa Lestari - Indonesia
- Altura Mining Limited, Indonesia
- CIMB Investment Bank - Malaysia
- Maheswari Brothers Coal Limited - India
- Makarim & Taira - Indonesia
- Central Electricity Authority - India
- Kapuas Tunggal Persada - Indonesia
- Sarangani Energy Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Independent Power Producers Association of India
- Africa Commodities Group - South Africa
- Cigading International Bulk Terminal - Indonesia
- Chettinad Cement Corporation Ltd - India
- PowerSource Philippines DevCo
- Bhushan Steel Limited - India
- Carbofer General Trading SA - India
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- Samtan Co., Ltd - South Korea
- Global Business Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Edison Trading Spa - Italy
- Timah Investasi Mineral - Indoneisa
- Coal and Oil Company - UAE
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