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Friday, 30 September 16
U.S. WEEKLY COAL OUTPUT FELL 2.3% - EIA
.jpg) COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 15.7 million short tons (mmst) of coal in a week (For the week ended September 24, 2016), EIA said in its latest report.
According to EIA’s latest report, this production estimate is 2.3% lower than last week's estimate and 11.8% lower than the production estimate in the comparable week in 2015.
East of the Mississippi River produced totalled an estimated 5.9 mmst (up 1.72% week over week) and west of the Mississippi River produced totalled an estimated 10.3 mmst (down 4.85% week over week), according to weekly figures released by the US Energy Information Agency (EIA), on September 29, 2016.
U.S. year-to-date (as of September 24, 2016) coal production totalled an estimated 523.8 mmst, 22.3% lower than the comparable year-to-date coal production in 2015.
According to EIA, U.S. coal production in August was 71 million short tons (MMst), an 6 MMst (9%) increase from the previous month but 12 MMst (14%) lower than in August 2015. In 2016, coal production is expected to decrease by 164 MMst (18%), which would be the largest decline in terms of both tons and percentage since at least 1949.
U.S's domestic coal consumption in the electric power sector, which accounts for more than 90% of total U.S. coal consumption, is forecast to decline by 64 MMst (9%) in 2016, says
EIA in its recent report.
EIA, further noted that, the decline is a result of both competition with low-priced natural gas and relatively mild weather in the first half of 2016 that reduced overall electricity generation.
Coal Exports
According to EIA's Quarterly Coal Report, the first quarter 2016 U.S. coal exports (14.2 million short tons) decreased 7.5% from fourth quarter 2015 and decreased 35.6% from first quarter 2015. However, the EIA’s Short-term energy outlook noted that, U.S. Coal exports in June 2016 were 1 MMst (29%) higher than in the previous month, but exports for the first six months of 2016 were 32% (13 MMst) lower than the amount exported in the first half of 2015.
EIA forecasts that, the U.S. coal exports to decline by 19 MMst (25%) in 2016 to 55 MMst, the lowest level in 10 years. Exports are expected to decline by 4 MMst (8%) in 2017.
Coal Imports
EIA further says in its Quarterly Coal Report, continued to import coal primarily from Colombia (81.2%), Canada (8.9%), and Indonesia (7.4%). U.S. coal imports in first quarter 2016 totaled 2.7 million short tons. The average price of U.S. coal imports during the first quarter 2016 was $63.97 per short ton.
Source: EIA
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Monday, 25 July 16
THE BDI FELL ON WEAKER RATES FOR CAPESIZE & PANAMAX VESSELS
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities slide slightly as Cape and Panamax segments ending in neg ...
Friday, 22 July 16
U.S COAL OUTPUT ROSE 17.2% WEEK OVER WEEK - EIA
COALspot.com – U.S, world’s second largest coal producers has produced approximately totalled an estimated 15.1 million short tons (mms ...
Thursday, 21 July 16
WHAT TO DO WHEN YOU DON'T GET PAID - SHIPOWNERS CLUB
Present market conditions have led to an increase in claims related to unpaid hire. To recover unpaid hire, Owners need to fully understand who the ...
Thursday, 21 July 16
CONSTRUCTIVE TOTAL LOSS: WHAT GOES IN TO CALCULATING QUANTUM? - HILL DICKINSON
KNOWLEDGE TO ELEVATE
The Commercial Court recently delivered its judgment in an important case (Connect Shipping Inc and Machrimar Management ...
Wednesday, 20 July 16
EDIBLE OIL MARKETS ACROSS THE GLOBE REMAIN UNDER PRESSURE - STELIOS KOLLINTZAS
The edible oil markets across the globe remain under pressure on the back of lackluster demand. Some of the main factors causing the low activity a ...
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- Heidelberg Cement - Germany
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- Videocon Industries ltd - India
- Standard Chartered Bank - UAE
- Global Green Power PLC Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Malabar Cements Ltd - India
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- Binh Thuan Hamico - Vietnam
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- Eastern Energy - Thailand
- Directorate Of Revenue Intelligence - India
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- Siam City Cement PLC, Thailand
- MS Steel International - UAE
- Metalloyd Limited - United Kingdom
- Sojitz Corporation - Japan
- Barasentosa Lestari - Indonesia
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Eastern Coal Council - USA
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- Global Business Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Indian Oil Corporation Limited
- Formosa Plastics Group - Taiwan
- Samtan Co., Ltd - South Korea
- Trasteel International SA, Italy
- Billiton Holdings Pty Ltd - Australia
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- Electricity Authority, New Zealand
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- Energy Link Ltd, New Zealand
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- European Bulk Services B.V. - Netherlands
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- Africa Commodities Group - South Africa
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- Australian Coal Association
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- Economic Council, Georgia
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- Madhucon Powers Ltd - India
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- PTC India Limited - India
- Ceylon Electricity Board - Sri Lanka
- Goldman Sachs - Singapore
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- IHS Mccloskey Coal Group - USA
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- Medco Energi Mining Internasional
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- Minerals Council of Australia
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- San Jose City I Power Corp, Philippines
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- Intertek Mineral Services - Indonesia
- Planning Commission, India
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- Karaikal Port Pvt Ltd - India
- Independent Power Producers Association of India
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- Baramulti Group, Indonesia
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- Commonwealth Bank - Australia
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- Essar Steel Hazira Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Toyota Tsusho Corporation, Japan
- Ministry of Mines - Canada
- Kalimantan Lumbung Energi - Indonesia
- Cement Manufacturers Association - India
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- Aditya Birla Group - India
- Mjunction Services Limited - India
- ASAPP Information Group - India
- McConnell Dowell - Australia
- Bhatia International Limited - India
- Bukit Baiduri Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Star Paper Mills Limited - India
- Bangladesh Power Developement Board
- Orica Australia Pty. Ltd.
- Parliament of New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Interocean Group of Companies - India
- Indonesian Coal Mining Association
- Kaltim Prima Coal - Indonesia
- Semirara Mining and Power Corporation, Philippines
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