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Thursday, 17 January 19
EIA ESTIMATES THAT U.S. COAL EXPORTS WERE 116 MMST IN 2018, 20% HIGHER THAN THE AMOUNT EXPORTED IN 2017
Coal Supply
EIA estimates that coal production declined by 20 million short tons (MMst) (3%) in 2018, despite a 19 MMst increase in U.S. coal exports. Appalachian region coal production, based largely on the strength of growth in coal exports, increased for the second year in a row, but Interior and Western region production declined by 5% and 3% in 2018, respectively. In both 2019 and in 2020, EIA expects total U.S. coal production to decline by 3% and 7%, respectively, because of anticipated declines in both exports and domestic consumption. The 2020 forecast production of 680 MMst would be the first time annual production totaled less than 700 MMst since 1978.
Coal Consumption
EIA estimates that coal consumption in the electric power sector for 2018 declined by 24 MMst (4%), despite a 4% increase in overall electricity generation. EIA expects power sector coal consumption to decline by 52 MMst (8%) in 2019 and by 44 MMst (7%) in 2020. The decrease in power sector consumption reflects increasing shares of electricity generation from both natural gas and renewable energy sources.
Coal Trade
The United States, with excess coal production and export terminal capacity, is a swing supplier of coal to the global market. When market conditions are favorable (high global coal prices, low shipping costs, disruptions in supply from other exporters, and/or increased demand from major consumers), U.S. coal exports often expand. However, exports often contract with a reversal of these market factors. EIA estimates that U.S. coal exports were 116 MMst in 2018, 20% higher than the amount exported in 2017, marking the fourth time on record that annual exports exceeded 110 MMst. EIA expects that some market conditions that favor U.S. coal exports will diminish and forecasts that coal exports will decline to 102 MMst in 2019 and to 94 MMst in 2020.
Despite EIA’s overall forecast decline in U.S. coal exports, exports to Asia, particularly to India, Japan, and South Korea, are expected to remain strong. Exports to these three countries accounted for 33% (29 MMst) of the coal exported in 2018 through September coal exported in 2018 through September. Coal exports to other countries/regions have also increased recently. U.S. coal exports to North Africa, particularly Egypt and Morocco, have risen, and they accounted for 7% of total exports in 2018 through September. Comparatively, coal exports to Canada and Mexico accounted for 9% of total exports during the same period.
Coal Prices.
EIA estimates the delivered coal price to U.S. electricity generators averaged $2.07 per million British thermal units (MMBtu) in 2018, which was 1 cent/MMBtu higher than the 2017 price. EIA forecasts that coal prices will be close to the same in 2019 and in 2020.
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Thursday, 09 May 19
OFFSHORE CARIBBEAN CONGRESS 2019
Offshore Caribbean Congress 2019
Event Date: 4-5th July. 2019t
Location: Georgetown, Guyana
Hess announced a new d ...
Tuesday, 07 May 19
UNDOUBTEDLY A VERY TROUBLED YEAR FOR THE DRY BULK MARKET, SAYS ALLIED SHIPPING
Undoubtedly a very troubled year for the dry bulk market says Allied Shipping in its latest weekly report.
Thomas Chasapis, Re ...
Saturday, 04 May 19
HOW THE 'FAIR VALUE' OF COAL ASSETS IS AFFECTED BY COMMODITY CYCLES - CRU
As with any commodity, valuing coal assets can be tricky due to the cyclical nature of the market. In this insight, CRU discusses how commodity cyc ...
Friday, 03 May 19
SUPRAMAX: WITH WIDESPREAD HOLIDAYS DURING THE WEEK, THE MARKET LACKED IMPETUS - BALTIC BRIEFING
Capesize
The market last week was a tale of two halves, with substantial volatility. Beginning the week on a positive note the C5 West Australi ...
Friday, 03 May 19
COAL INDIA APRIL OUTPUT RISES 1% TO 45.29 MILLION TONNE - PTI
Coal India Ltd (CIL) Wednesday said its coal production in April 2019 rose by 1 per cent to 45.29 million tonne as compared with 44.86 million tonn ...
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- Timah Investasi Mineral - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Madhucon Powers Ltd - India
- Petron Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Wood Mackenzie - Singapore
- Global Business Power Corporation, Philippines
- Agrawal Coal Company - India
- GN Power Mariveles Coal Plant, Philippines
- Krishnapatnam Port Company Ltd. - India
- Kaltim Prima Coal - Indonesia
- GMR Energy Limited - India
- Altura Mining Limited, Indonesia
- Vizag Seaport Private Limited - India
- Parry Sugars Refinery, India
- ICICI Bank Limited - India
- Bulk Trading Sa - Switzerland
- Samtan Co., Ltd - South Korea
- Semirara Mining Corp, Philippines
- Cement Manufacturers Association - India
- Semirara Mining and Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Economic Council, Georgia
- Gujarat Sidhee Cement - India
- Carbofer General Trading SA - India
- LBH Netherlands Bv - Netherlands
- Eastern Energy - Thailand
- Thiess Contractors Indonesia
- Riau Bara Harum - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Electricity Authority, New Zealand
- Ambuja Cements Ltd - India
- Savvy Resources Ltd - HongKong
- PetroVietnam Power Coal Import and Supply Company
- Orica Mining Services - Indonesia
- Bukit Makmur.PT - Indonesia
- New Zealand Coal & Carbon
- Manunggal Multi Energi - Indonesia
- Heidelberg Cement - Germany
- GAC Shipping (India) Pvt Ltd
- Indian Oil Corporation Limited
- Barasentosa Lestari - Indonesia
- TeaM Sual Corporation - Philippines
- Indogreen Group - Indonesia
- Singapore Mercantile Exchange
- Eastern Coal Council - USA
- Bhushan Steel Limited - India
- The Treasury - Australian Government
- Marubeni Corporation - India
- Borneo Indobara - Indonesia
- Karaikal Port Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Bahari Cakrawala Sebuku - Indonesia
- Bayan Resources Tbk. - Indonesia
- Posco Energy - South Korea
- Chettinad Cement Corporation Ltd - India
- Trasteel International SA, Italy
- CNBM International Corporation - China
- Indo Tambangraya Megah - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Renaissance Capital - South Africa
- Energy Link Ltd, New Zealand
- Larsen & Toubro Limited - India
- Rashtriya Ispat Nigam Limited - India
- Intertek Mineral Services - Indonesia
- PowerSource Philippines DevCo
- Star Paper Mills Limited - India
- Mercator Lines Limited - India
- SMC Global Power, Philippines
- Mjunction Services Limited - India
- Billiton Holdings Pty Ltd - Australia
- Vedanta Resources Plc - India
- Africa Commodities Group - South Africa
- Kartika Selabumi Mining - Indonesia
- Minerals Council of Australia
- Malabar Cements Ltd - India
- Kepco SPC Power Corporation, Philippines
- Latin American Coal - Colombia
- PTC India Limited - India
- Holcim Trading Pte Ltd - Singapore
- Mintek Dendrill Indonesia
- Orica Australia Pty. Ltd.
- Makarim & Taira - Indonesia
- The University of Queensland
- Romanian Commodities Exchange
- Essar Steel Hazira Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Siam City Cement - Thailand
- Coalindo Energy - Indonesia
- Bangladesh Power Developement Board
- Central Java Power - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Salva Resources Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Georgia Ports Authority, United States
- Price Waterhouse Coopers - Russia
- Sindya Power Generating Company Private Ltd
- Energy Development Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Thai Mozambique Logistica
- Electricity Generating Authority of Thailand
- IEA Clean Coal Centre - UK
- Cigading International Bulk Terminal - Indonesia
- Lanco Infratech Ltd - India
- Australian Coal Association
- Videocon Industries ltd - India
- Maheswari Brothers Coal Limited - India
- VISA Power Limited - India
- Global Green Power PLC Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Antam Resourcindo - Indonesia
- Parliament of New Zealand
- Indian Energy Exchange, India
- Indika Energy - Indonesia
- Central Electricity Authority - India
- IHS Mccloskey Coal Group - USA
- Baramulti Group, Indonesia
- Goldman Sachs - Singapore
- Ministry of Finance - Indonesia
- McConnell Dowell - Australia
- AsiaOL BioFuels Corp., Philippines
- The State Trading Corporation of India Ltd
- Aditya Birla Group - India
- European Bulk Services B.V. - Netherlands
- TNB Fuel Sdn Bhd - Malaysia
- Commonwealth Bank - Australia
- Maharashtra Electricity Regulatory Commission - India
- Coal and Oil Company - UAE
- Bhatia International Limited - India
- Indonesian Coal Mining Association
- Formosa Plastics Group - Taiwan
- Coastal Gujarat Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Leighton Contractors Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Mines - Canada
- Port Waratah Coal Services - Australia
- Sical Logistics Limited - India
- Karbindo Abesyapradhi - Indoneisa
- CIMB Investment Bank - Malaysia
- India Bulls Power Limited - India
- MS Steel International - UAE
- Ind-Barath Power Infra Limited - India
- Standard Chartered Bank - UAE
- Gujarat Electricity Regulatory Commission - India
- Globalindo Alam Lestari - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Independent Power Producers Association of India
- Sinarmas Energy and Mining - Indonesia
- Global Coal Blending Company Limited - Australia
- Aboitiz Power Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Grasim Industreis Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kumho Petrochemical, South Korea
- London Commodity Brokers - England
- Straits Asia Resources Limited - Singapore
- Uttam Galva Steels Limited - India
- Dalmia Cement Bharat India
- Tata Chemicals Ltd - India
- SMG Consultants - Indonesia
- South Luzon Thermal Energy Corporation
- Pendopo Energi Batubara - Indonesia
- Rio Tinto Coal - Australia
- Chamber of Mines of South Africa
- Interocean Group of Companies - India
- SN Aboitiz Power Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Meralco Power Generation, Philippines
- OPG Power Generation Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Deloitte Consulting - India
- Gujarat Mineral Development Corp Ltd - India
- Kideco Jaya Agung - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Meenaskhi Energy Private Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Planning Commission, India
- White Energy Company Limited
- Jaiprakash Power Ventures ltd
- Metalloyd Limited - United Kingdom
- Asmin Koalindo Tuhup - Indonesia
- Jindal Steel & Power Ltd - India
- PNOC Exploration Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Medco Energi Mining Internasional
- Kobexindo Tractors - Indoneisa
- GVK Power & Infra Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Siam City Cement PLC, Thailand
- Oldendorff Carriers - Singapore
- Australian Commodity Traders Exchange
- Simpson Spence & Young - Indonesia
- International Coal Ventures Pvt Ltd - India
- Tamil Nadu electricity Board
- Sarangani Energy Corporation, Philippines
- Wilmar Investment Holdings
- Iligan Light & Power Inc, Philippines
- Power Finance Corporation Ltd., India
- Directorate Of Revenue Intelligence - India
- Toyota Tsusho Corporation, Japan
- Ministry of Transport, Egypt
- ASAPP Information Group - India
- Anglo American - United Kingdom
- Sakthi Sugars Limited - India
- Ceylon Electricity Board - Sri Lanka
- Merrill Lynch Commodities Europe
- San Jose City I Power Corp, Philippines
- Edison Trading Spa - Italy
- Xindia Steels Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bharathi Cement Corporation - India
- Sojitz Corporation - Japan
- Mercuria Energy - Indonesia
- Bhoruka Overseas - Indonesia
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