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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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Wednesday, 19 December 18
GLOBAL SHIPPING SCOUTS FOR FUTURE GROWTH - PETER SAND, BIMCO
Where do we go to find economic growth that spurs shipping demand in the next five years? According to the International Monetary Fund (IMF), we sh ...
Wednesday, 19 December 18
SHIPPING MARKET INSIGHT - INTERMODAL
As another year is coming to an end, it is interesting to look at the main shipping markets and how these performed compared to 2017.
&nb ...
Tuesday, 18 December 18
COAL DEMAND WILL REMAIN STEADY THROUGH 2023, INTERNATIONAL ENERGY AGENCY SAYS - TOM DICHRISTOPHER, CNBC
Coal consumption is on the rise but will remain roughly stable over the next five years, the International Energy Agency forecasts.
...
Tuesday, 18 December 18
DRY BULK: IN ABSOLUTE TERMS, ALL MAIN SIZE SEGMENTS SAW THEIR ACTUAL VOLATILITY FIGURES DECREASE - ALLIED
Since the beginning of 2016, when the dry bulk market reached its absolute bottom, freight rates have been ever since on an upward trajectory. Taki ...
Tuesday, 18 December 18
COAL OUTLOOK BULLISH DESPITE WEAK CHINESE IMPORT DATA - HEREN, ICIS
Coal prices may appreciate over the remainder of 2018 even despite recent data showing falling imports from the world’s largest producer and ...
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- Leighton Contractors Pty Ltd - Australia
- Medco Energi Mining Internasional
- Wood Mackenzie - Singapore
- GVK Power & Infra Limited - India
- Vizag Seaport Private Limited - India
- Global Coal Blending Company Limited - Australia
- Timah Investasi Mineral - Indoneisa
- Rio Tinto Coal - Australia
- IEA Clean Coal Centre - UK
- Standard Chartered Bank - UAE
- The State Trading Corporation of India Ltd
- Energy Link Ltd, New Zealand
- Port Waratah Coal Services - Australia
- Parliament of New Zealand
- Ministry of Transport, Egypt
- Ceylon Electricity Board - Sri Lanka
- Riau Bara Harum - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Bukit Baiduri Energy - Indonesia
- Mintek Dendrill Indonesia
- ICICI Bank Limited - India
- SN Aboitiz Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Parry Sugars Refinery, India
- Merrill Lynch Commodities Europe
- Gujarat Electricity Regulatory Commission - India
- India Bulls Power Limited - India
- Semirara Mining Corp, Philippines
- Trasteel International SA, Italy
- Samtan Co., Ltd - South Korea
- White Energy Company Limited
- LBH Netherlands Bv - Netherlands
- Edison Trading Spa - Italy
- Toyota Tsusho Corporation, Japan
- Jorong Barutama Greston.PT - Indonesia
- SMC Global Power, Philippines
- Sical Logistics Limited - India
- Eastern Energy - Thailand
- The University of Queensland
- Banpu Public Company Limited - Thailand
- Sojitz Corporation - Japan
- Neyveli Lignite Corporation Ltd, - India
- Bukit Makmur.PT - Indonesia
- Mercuria Energy - Indonesia
- Carbofer General Trading SA - India
- Interocean Group of Companies - India
- Eastern Coal Council - USA
- Attock Cement Pakistan Limited
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Jindal Steel & Power Ltd - India
- Kaltim Prima Coal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Ministry of Mines - Canada
- Makarim & Taira - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- ASAPP Information Group - India
- Barasentosa Lestari - Indonesia
- The Treasury - Australian Government
- Therma Luzon, Inc, Philippines
- Electricity Generating Authority of Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Mjunction Services Limited - India
- Ambuja Cements Ltd - India
- Gujarat Sidhee Cement - India
- Indo Tambangraya Megah - Indonesia
- Borneo Indobara - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Romanian Commodities Exchange
- Cement Manufacturers Association - India
- Sarangani Energy Corporation, Philippines
- Petron Corporation, Philippines
- GMR Energy Limited - India
- Globalindo Alam Lestari - Indonesia
- Latin American Coal - Colombia
- Thiess Contractors Indonesia
- PTC India Limited - India
- Planning Commission, India
- Asmin Koalindo Tuhup - Indonesia
- Posco Energy - South Korea
- Agrawal Coal Company - India
- Grasim Industreis Ltd - India
- Orica Mining Services - Indonesia
- Central Electricity Authority - India
- Altura Mining Limited, Indonesia
- Bhushan Steel Limited - India
- Lanco Infratech Ltd - India
- GAC Shipping (India) Pvt Ltd
- Bangladesh Power Developement Board
- Kapuas Tunggal Persada - Indonesia
- Aditya Birla Group - India
- Alfred C Toepfer International GmbH - Germany
- Global Business Power Corporation, Philippines
- Tata Chemicals Ltd - India
- Indogreen Group - Indonesia
- Binh Thuan Hamico - Vietnam
- Indonesian Coal Mining Association
- Price Waterhouse Coopers - Russia
- Minerals Council of Australia
- PowerSource Philippines DevCo
- CIMB Investment Bank - Malaysia
- Bharathi Cement Corporation - India
- Karbindo Abesyapradhi - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Baramulti Group, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- CNBM International Corporation - China
- Sakthi Sugars Limited - India
- Coalindo Energy - Indonesia
- Antam Resourcindo - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- South Luzon Thermal Energy Corporation
- Coastal Gujarat Power Limited - India
- MS Steel International - UAE
- Sree Jayajothi Cements Limited - India
- Independent Power Producers Association of India
- London Commodity Brokers - England
- Electricity Authority, New Zealand
- Star Paper Mills Limited - India
- Deloitte Consulting - India
- Karaikal Port Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Directorate Of Revenue Intelligence - India
- Aboitiz Power Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- Thai Mozambique Logistica
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Finance - Indonesia
- Sindya Power Generating Company Private Ltd
- VISA Power Limited - India
- Iligan Light & Power Inc, Philippines
- Mercator Lines Limited - India
- Salva Resources Pvt Ltd - India
- Anglo American - United Kingdom
- Dalmia Cement Bharat India
- Savvy Resources Ltd - HongKong
- Chamber of Mines of South Africa
- Indian Energy Exchange, India
- Oldendorff Carriers - Singapore
- Coal and Oil Company - UAE
- Xindia Steels Limited - India
- Intertek Mineral Services - Indonesia
- Essar Steel Hazira Ltd - India
- Formosa Plastics Group - Taiwan
- Bulk Trading Sa - Switzerland
- Bhatia International Limited - India
- Tamil Nadu electricity Board
- Kohat Cement Company Ltd. - Pakistan
- European Bulk Services B.V. - Netherlands
- Videocon Industries ltd - India
- Krishnapatnam Port Company Ltd. - India
- Holcim Trading Pte Ltd - Singapore
- San Jose City I Power Corp, Philippines
- Madhucon Powers Ltd - India
- Uttam Galva Steels Limited - India
- Meralco Power Generation, Philippines
- Ind-Barath Power Infra Limited - India
- Manunggal Multi Energi - Indonesia
- Marubeni Corporation - India
- Goldman Sachs - Singapore
- Sinarmas Energy and Mining - Indonesia
- Renaissance Capital - South Africa
- Heidelberg Cement - Germany
- Maheswari Brothers Coal Limited - India
- AsiaOL BioFuels Corp., Philippines
- Australian Coal Association
- Kideco Jaya Agung - Indonesia
- Straits Asia Resources Limited - Singapore
- Power Finance Corporation Ltd., India
- Australian Commodity Traders Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Central Java Power - Indonesia
- Indian Oil Corporation Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wilmar Investment Holdings
- Singapore Mercantile Exchange
- Cigading International Bulk Terminal - Indonesia
- Georgia Ports Authority, United States
- Kobexindo Tractors - Indoneisa
- Metalloyd Limited - United Kingdom
- Orica Australia Pty. Ltd.
- Commonwealth Bank - Australia
- Economic Council, Georgia
- Pipit Mutiara Jaya. PT, Indonesia
- Energy Development Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Global Green Power PLC Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Simpson Spence & Young - Indonesia
- Larsen & Toubro Limited - India
- Jaiprakash Power Ventures ltd
- Bayan Resources Tbk. - Indonesia
- Kumho Petrochemical, South Korea
- Bhoruka Overseas - Indonesia
- Rashtriya Ispat Nigam Limited - India
- PNOC Exploration Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Indika Energy - Indonesia
- Siam City Cement PLC, Thailand
- Maharashtra Electricity Regulatory Commission - India
- Pendopo Energi Batubara - Indonesia
- Malabar Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
- New Zealand Coal & Carbon
- Africa Commodities Group - South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- SMG Consultants - Indonesia
- OPG Power Generation Pvt Ltd - India
- Siam City Cement - Thailand
- McConnell Dowell - Australia
- Vedanta Resources Plc - India
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