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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, 28 March 16
THE SUPRAMAX INDEX WAS UP TWENTY-FOUR POINTS TO 473 POINTS
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities continued to rose this week.
The freight market was ...
Friday, 25 March 16
DRY BULK SHIPPING FLEET WILL GROW BY 1.3% DURING 2016 - BIMCO | HELLENIC SHIPPING NEWS
The dry bulk market will keep on suffering, at least until the start of 2017 and possibly well after that, should the current balance of supply and ...
Friday, 25 March 16
U.S COAL PRODUCTION DECLINED 9.1% W/W - EIA
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 11.3 million shor ...
Thursday, 24 March 16
PERSISTENT OVERCAPACITY TO PROLONG CHINA'S COAL SECTOR DOWNTURN - FITCH
China's coal sector is likely to remain under pressure in the short to medium term as structural weaknesses in demand and overcapacity persist, ...
Thursday, 24 March 16
SEABORNE TRADE: CHECKING UP ON THE TRENDS - CLARKSON RESEARCH
Following a decline in 2009, seaborne trade grew on average by 4.9% p.a. in 2010-13, reflecting booming import demand in a number of key importing ...
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- Bulk Trading Sa - Switzerland
- Larsen & Toubro Limited - India
- Karbindo Abesyapradhi - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Bayan Resources Tbk. - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Ambuja Cements Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Essar Steel Hazira Ltd - India
- Coal and Oil Company - UAE
- ICICI Bank Limited - India
- Kaltim Prima Coal - Indonesia
- Intertek Mineral Services - Indonesia
- Grasim Industreis Ltd - India
- Indonesian Coal Mining Association
- Commonwealth Bank - Australia
- GN Power Mariveles Coal Plant, Philippines
- Xindia Steels Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Singapore Mercantile Exchange
- European Bulk Services B.V. - Netherlands
- Tata Chemicals Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Bhatia International Limited - India
- Billiton Holdings Pty Ltd - Australia
- Leighton Contractors Pty Ltd - Australia
- Deloitte Consulting - India
- Price Waterhouse Coopers - Russia
- Barasentosa Lestari - Indonesia
- Sree Jayajothi Cements Limited - India
- Posco Energy - South Korea
- Ministry of Finance - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Miang Besar Coal Terminal - Indonesia
- Meralco Power Generation, Philippines
- Antam Resourcindo - Indonesia
- Australian Commodity Traders Exchange
- Power Finance Corporation Ltd., India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Kartika Selabumi Mining - Indonesia
- Energy Development Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Lanco Infratech Ltd - India
- Orica Australia Pty. Ltd.
- Altura Mining Limited, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Africa Commodities Group - South Africa
- VISA Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Banpu Public Company Limited - Thailand
- SN Aboitiz Power Inc, Philippines
- Star Paper Mills Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Interocean Group of Companies - India
- Parry Sugars Refinery, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indian Energy Exchange, India
- IEA Clean Coal Centre - UK
- Aboitiz Power Corporation - Philippines
- Borneo Indobara - Indonesia
- Coalindo Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- GMR Energy Limited - India
- Sindya Power Generating Company Private Ltd
- Karaikal Port Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Cement Manufacturers Association - India
- Kepco SPC Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Anglo American - United Kingdom
- Timah Investasi Mineral - Indoneisa
- Siam City Cement - Thailand
- Global Green Power PLC Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Mercator Lines Limited - India
- TeaM Sual Corporation - Philippines
- Siam City Cement PLC, Thailand
- Dalmia Cement Bharat India
- Wilmar Investment Holdings
- IHS Mccloskey Coal Group - USA
- Chamber of Mines of South Africa
- Mintek Dendrill Indonesia
- Eastern Coal Council - USA
- Global Business Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- London Commodity Brokers - England
- Aditya Birla Group - India
- Ministry of Transport, Egypt
- Holcim Trading Pte Ltd - Singapore
- Jaiprakash Power Ventures ltd
- Carbofer General Trading SA - India
- Manunggal Multi Energi - Indonesia
- Rio Tinto Coal - Australia
- Planning Commission, India
- Independent Power Producers Association of India
- LBH Netherlands Bv - Netherlands
- Indo Tambangraya Megah - Indonesia
- SMC Global Power, Philippines
- Binh Thuan Hamico - Vietnam
- Marubeni Corporation - India
- Simpson Spence & Young - Indonesia
- Tamil Nadu electricity Board
- India Bulls Power Limited - India
- Videocon Industries ltd - India
- Sical Logistics Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Toyota Tsusho Corporation, Japan
- Kapuas Tunggal Persada - Indonesia
- Attock Cement Pakistan Limited
- GAC Shipping (India) Pvt Ltd
- Rashtriya Ispat Nigam Limited - India
- Ministry of Mines - Canada
- Bukit Baiduri Energy - Indonesia
- Makarim & Taira - Indonesia
- CNBM International Corporation - China
- Bukit Asam (Persero) Tbk - Indonesia
- The University of Queensland
- Therma Luzon, Inc, Philippines
- The State Trading Corporation of India Ltd
- Port Waratah Coal Services - Australia
- Orica Mining Services - Indonesia
- Formosa Plastics Group - Taiwan
- Electricity Authority, New Zealand
- Bhoruka Overseas - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Kalimantan Lumbung Energi - Indonesia
- Energy Link Ltd, New Zealand
- San Jose City I Power Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Sojitz Corporation - Japan
- Pipit Mutiara Jaya. PT, Indonesia
- Bhushan Steel Limited - India
- Bukit Makmur.PT - Indonesia
- Madhucon Powers Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Bharathi Cement Corporation - India
- Georgia Ports Authority, United States
- Merrill Lynch Commodities Europe
- Jindal Steel & Power Ltd - India
- Central Electricity Authority - India
- Medco Energi Mining Internasional
- Mjunction Services Limited - India
- Directorate Of Revenue Intelligence - India
- Uttam Galva Steels Limited - India
- Kumho Petrochemical, South Korea
- Cigading International Bulk Terminal - Indonesia
- Meenaskhi Energy Private Limited - India
- Vedanta Resources Plc - India
- Salva Resources Pvt Ltd - India
- New Zealand Coal & Carbon
- Bangladesh Power Developement Board
- Sarangani Energy Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Pendopo Energi Batubara - Indonesia
- Petron Corporation, Philippines
- Electricity Generating Authority of Thailand
- Mercuria Energy - Indonesia
- PowerSource Philippines DevCo
- MS Steel International - UAE
- Vizag Seaport Private Limited - India
- Samtan Co., Ltd - South Korea
- Sakthi Sugars Limited - India
- Gujarat Sidhee Cement - India
- Romanian Commodities Exchange
- Central Java Power - Indonesia
- Indika Energy - Indonesia
- Wood Mackenzie - Singapore
- Savvy Resources Ltd - HongKong
- Trasteel International SA, Italy
- Minerals Council of Australia
- Malabar Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- SMG Consultants - Indonesia
- The Treasury - Australian Government
- McConnell Dowell - Australia
- Thiess Contractors Indonesia
- Eastern Energy - Thailand
- Indogreen Group - Indonesia
- Coastal Gujarat Power Limited - India
- Baramulti Group, Indonesia
- Alfred C Toepfer International GmbH - Germany
- White Energy Company Limited
- AsiaOL BioFuels Corp., Philippines
- Gujarat Electricity Regulatory Commission - India
- Standard Chartered Bank - UAE
- Renaissance Capital - South Africa
- Economic Council, Georgia
- Parliament of New Zealand
- CIMB Investment Bank - Malaysia
- Goldman Sachs - Singapore
- Metalloyd Limited - United Kingdom
- Chettinad Cement Corporation Ltd - India
- Kobexindo Tractors - Indoneisa
- Australian Coal Association
- Kohat Cement Company Ltd. - Pakistan
- Thai Mozambique Logistica
- Sinarmas Energy and Mining - Indonesia
- Latin American Coal - Colombia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- ASAPP Information Group - India
- Semirara Mining Corp, Philippines
- Oldendorff Carriers - Singapore
- Globalindo Alam Lestari - Indonesia
- Heidelberg Cement - Germany
- PNOC Exploration Corporation - Philippines
- Agrawal Coal Company - India
- PTC India Limited - India
- GVK Power & Infra Limited - India
- Indian Oil Corporation Limited
- Edison Trading Spa - Italy
- Jorong Barutama Greston.PT - Indonesia
- Iligan Light & Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
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