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Monday, 24 October 16
U.S WEEKLY COAL PRODUCTION DECLINED 3.2% TO 16 MMST WEEK OVER WEEK
.jpg) COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 16 million short tons (mmst) of coal in a week (For the week ended October 15, 2016), EIA said in its latest report.
According to EIA’s latest report, this production estimate is 3.2% lower than last week's estimate and 3.8% lower than the production estimate in the comparable week in 2015.
East of the Mississippi River produced totalled an estimated 6 mmst (decline 4.76% week over week) and west of the Mississippi River produced totalled an estimated 10.1 mmst (down 1.94% week over week), according to weekly figures released by the US Energy Information Agency (EIA), on October 20, 2016.
U.S. year-to-date (as of October 15, 2016) coal production totaled an estimated 573.1 mmst, 21.1% 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 Coal exports in July 2016 totaled 3.3 million short tons (MMst), which was 40% lower than in June and the lowest amount of coal exported in any month since February 2007.
Exports for the first seven months of 2016 were 32% lower than in the same period in 2015. EIA forecasts U.S. coal exports will decline by 26% in 2016 to 55 MMst, the lowest level since 2006. Exports are expected to decline by an additional 5% 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, 07 November 16
INDONESIAN COAL PRICE REFERENCE ROSE 59.57 PER CENT YEAR TO MONTH
COALspot.com: The Indonesia coal benchmark price hits to its highest level since May 2013. The government declared benchmark prices for Indo ...
Monday, 07 November 16
HANDYSIZE: THE ASIAN INDICES RECORDED A GRADUAL DROP EVERY DAY - THE BALTIC BRIEFING
Capesize
A rumour-fuelled market this week but essentially rates a touch firmer and owners cautiously optimistic. The flotilla of vessels heading ...
Monday, 07 November 16
THE SUPRAMAX CHARTER RATES FOR INDONESIA TO INDIA WERE RATING AT AROUND $7500-8000 A DAY
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities rose slightly and ending in a positive note this past wee ...
Friday, 04 November 16
U.S COAL PRODUCTION UP WEEK OVER WEEK
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 17 million short tons ...
Friday, 04 November 16
INDONESIAN INFRASTRUCTURE DEVELOPMENT TRENDS ARE UNANIMOUSLY AFFIRMED
Press Release: October 20-21, 2016 Indonesia Infrastructure Summit (IIC) opened at the Hyatt Hotel in Jakarta The theme of the meeting was "Pr ...
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- Wood Mackenzie - Singapore
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- Chamber of Mines of South Africa
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- Meralco Power Generation, Philippines
- Anglo American - United Kingdom
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- Holcim Trading Pte Ltd - Singapore
- India Bulls Power Limited - India
- Tamil Nadu electricity Board
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- Ministry of Finance - Indonesia
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- Energy Development Corp, Philippines
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- Sical Logistics Limited - India
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- OPG Power Generation Pvt Ltd - India
- Deloitte Consulting - India
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- International Coal Ventures Pvt Ltd - India
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- CIMB Investment Bank - Malaysia
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- IHS Mccloskey Coal Group - USA
- Kapuas Tunggal Persada - Indonesia
- Romanian Commodities Exchange
- Jaiprakash Power Ventures ltd
- Samtan Co., Ltd - South Korea
- Binh Thuan Hamico - Vietnam
- PTC India Limited - India
- Meenaskhi Energy Private Limited - India
- Indian Oil Corporation Limited
- Electricity Generating Authority of Thailand
- Neyveli Lignite Corporation Ltd, - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- TNB Fuel Sdn Bhd - Malaysia
- Heidelberg Cement - Germany
- Ceylon Electricity Board - Sri Lanka
- Siam City Cement PLC, Thailand
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- Power Finance Corporation Ltd., India
- Directorate General of MIneral and Coal - Indonesia
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- ICICI Bank Limited - India
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- Metalloyd Limited - United Kingdom
- Sojitz Corporation - Japan
- Star Paper Mills Limited - India
- Simpson Spence & Young - Indonesia
- Global Green Power PLC Corporation, Philippines
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Orica Australia Pty. Ltd.
- London Commodity Brokers - England
- Bangladesh Power Developement Board
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- Posco Energy - South Korea
- Planning Commission, India
- Makarim & Taira - Indonesia
- Bhushan Steel Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Medco Energi Mining Internasional
- Indonesian Coal Mining Association
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- Antam Resourcindo - Indonesia
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- Economic Council, Georgia
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- Semirara Mining and Power Corporation, Philippines
- IEA Clean Coal Centre - UK
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- The University of Queensland
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Renaissance Capital - South Africa
- Ministry of Mines - Canada
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- Energy Link Ltd, New Zealand
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- Singapore Mercantile Exchange
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- Maharashtra Electricity Regulatory Commission - India
- Sarangani Energy Corporation, Philippines
- PowerSource Philippines DevCo
- Orica Mining Services - Indonesia
- Siam City Cement - Thailand
- Petron Corporation, Philippines
- Australian Coal Association
- Vedanta Resources Plc - India
- Bulk Trading Sa - Switzerland
- Offshore Bulk Terminal Pte Ltd, Singapore
- Larsen & Toubro Limited - India
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- Merrill Lynch Commodities Europe
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- Africa Commodities Group - South Africa
- Australian Commodity Traders Exchange
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