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Friday, 17 January 20
EIA ESTIMATES THAT U.S. COAL PRODUCTION DECLINED BY 65 MMST (9%) TO 690 MMST IN 2019. IN 2020, COAL PRODUCTION WILL DECLINE BY A FURTHER 14% TO 597 MMST
U.S. Coal Supply.
EIA estimates that U.S. coal production declined by 65 million short tons (MMst) (9%) to 690 MMst in 2019. In 2020, EIA expects total U.S. coal production will decline by a further 14% to 597 MMst because of anticipated declines in both exports and domestic consumption in the electric power sector. EIA expects the largest declines in coal production in 2020 will occur in the Western production region. The coal market has undergone significant restructuring in the past year.
EIA also expects coal production will fall by an additional 3% in 2021 to 581 MMst. The slowing declines in production for 2021 are based on EIA’s expectation of modest increases in demand for U.S. exports offset by continuing, albeit slowing, demand declines in the U.S. electric power sector.
U.S. Coal Consumption.
EIA estimates that coal consumption for all sectors totaled 596 MMst in 2019. EIA expects total coal consumption will fall by 65 MMst (11%) in 2020 and by 18 MMst (3%) in 2021. The declines in total consumption of coal closely track those in electric power consumption, which accounted for 91% of all coal consumption in 2019. The decrease in power sector coal consumption in 2020 reflects expected coal plant retirements and increasing shares of electricity generation from low priced natural gas and new renewables generating capacity. However, because EIA expects slight rises in natural gas prices in 2021, coal will become slightly more price competitive.
Coal Trade.
In 2019, coal exports decreased 20% from 2018 to 92 MMst said EIA in latest report. Less favorable market conditions, such as competitive steam coal cargoes from Eastern Europe and high freight costs, contributed to the decline, which was offset somewhat by residual contracts that will expire in 2020. EIA estimates that U.S. coal exports will decrease by 11% in 2020 to 83 MMst and then stabilize near that level in 2021.
Despite EIA’s forecast decline in total U.S. coal exports, shipments to top destinations such as India, Japan, and South Korea, are expected to remain stable. Exports to these three countries accounted for 34% (27 MMst) of the coal exported in 2019 through October. Europe received about 36% of U.S. exports during that period. Although U.S. exports to Europe are mostly metallurgical coal and used predominantly for steel production, U.S. steam coal is still used in Germany, Portugal, and the United Kingdom.
U.S. coal exports to North Africa, particularly Egypt and Morocco, rose 5% compared with the same period in 2018, accounting for 9% of total exports. Comparatively, coal exports to North and South America accounted for 8% and 9% of total coal, respectively.
Coal Prices.
EIA estimates the delivered coal price to U.S. electricity generators averaged $2.05 per million British thermal units (MMBtu) in 2019, which was down slightly from the 2018 price. EIA forecasts that coal prices will increase to $2.10/MMBtu in both 2020 and 2021.
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Saturday, 15 February 20
CHEN ZHIDA: NOVEL CORONAVIRUS - IMPLICATIONS FOR CHARTERPARTIES - SHIPOWNERS' CLUB
KNOWLEDGE TO ELEVATE
Last month, the Club issued a bulletin on the 2019 Novel Coronavirus (COVID-19) which explained the origin of the virus a ...
Saturday, 15 February 20
AFRAMAX: A MORE POSITIVE ATTITUDE EXISTED IN THIS SECTOR WITH RATES IMPROVING ON ALL ROUTES - BALTIC BRIEFING
VLCC
The market in the Middle East was unmoved this week, with Chinese refiners continuing to slow imports, allied with the impact of the Coron ...
Saturday, 15 February 20
A 56,000DWT VESSEL WAS CONCLUDED BASIS DELIVERY SINGAPORE VIA INDONESIA REDELIVERY CHINA IN THE LOW $6,000S - BALTIC BRIEFING
Capesize
Riding the downward momentum of the previous week, the market was always going to be hard pressed to make any sort of revival. With mu ...
Saturday, 15 February 20
U.S. COAL PRODUCTION WILL TOTAL 595 MMST IN 2020, DOWN 14% FROM 2019 - EIA
EIA forecasts that U.S. coal production will total 595 million short tons (MMst) in 2020, down 95 MMst (14%) from 2019.
Lower ...
Friday, 14 February 20
WHY THE WORLD ECONOMY WILL BE FACING CHINA'S CORONAVIRUS FOR A LONG TIME - CNBC
Everywhere we look we see the headlines and commentators talking about the coronavirus and its impact on tourism, trade and investment between Chin ...
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- GVK Power & Infra Limited - India
- Sical Logistics Limited - India
- Goldman Sachs - Singapore
- Bayan Resources Tbk. - Indonesia
- Bangladesh Power Developement Board
- Deloitte Consulting - India
- SMG Consultants - Indonesia
- SMC Global Power, Philippines
- McConnell Dowell - Australia
- Sakthi Sugars Limited - India
- Energy Link Ltd, New Zealand
- Karaikal Port Pvt Ltd - India
- Grasim Industreis Ltd - India
- Intertek Mineral Services - Indonesia
- International Coal Ventures Pvt Ltd - India
- Heidelberg Cement - Germany
- TeaM Sual Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- PTC India Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Timah Investasi Mineral - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Interocean Group of Companies - India
- Mercator Lines Limited - India
- White Energy Company Limited
- Planning Commission, India
- Mintek Dendrill Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Port Waratah Coal Services - Australia
- Global Business Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Georgia Ports Authority, United States
- Attock Cement Pakistan Limited
- Economic Council, Georgia
- CNBM International Corporation - China
- Gujarat Mineral Development Corp Ltd - India
- Samtan Co., Ltd - South Korea
- Simpson Spence & Young - Indonesia
- Global Green Power PLC Corporation, Philippines
- Trasteel International SA, Italy
- Standard Chartered Bank - UAE
- Mercuria Energy - Indonesia
- Minerals Council of Australia
- Coastal Gujarat Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Indika Energy - Indonesia
- Electricity Authority, New Zealand
- Therma Luzon, Inc, Philippines
- Kumho Petrochemical, South Korea
- Dalmia Cement Bharat India
- Tamil Nadu electricity Board
- Malabar Cements Ltd - India
- CIMB Investment Bank - Malaysia
- Miang Besar Coal Terminal - Indonesia
- Ministry of Mines - Canada
- Bank of Tokyo Mitsubishi UFJ Ltd
- Banpu Public Company Limited - Thailand
- New Zealand Coal & Carbon
- South Luzon Thermal Energy Corporation
- Eastern Energy - Thailand
- Sarangani Energy Corporation, Philippines
- Posco Energy - South Korea
- Binh Thuan Hamico - Vietnam
- Jaiprakash Power Ventures ltd
- Thai Mozambique Logistica
- Kohat Cement Company Ltd. - Pakistan
- Price Waterhouse Coopers - Russia
- Bukit Baiduri Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Videocon Industries ltd - India
- Lanco Infratech Ltd - India
- Riau Bara Harum - Indonesia
- Carbofer General Trading SA - India
- Leighton Contractors Pty Ltd - Australia
- Uttam Galva Steels Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Antam Resourcindo - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bhushan Steel Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Barasentosa Lestari - Indonesia
- Xindia Steels Limited - India
- SN Aboitiz Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Baramulti Group, Indonesia
- Coalindo Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Wood Mackenzie - Singapore
- Singapore Mercantile Exchange
- Kobexindo Tractors - Indoneisa
- Meralco Power Generation, Philippines
- The University of Queensland
- GAC Shipping (India) Pvt Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Electricity Regulatory Commission - India
- PetroVietnam Power Coal Import and Supply Company
- Rashtriya Ispat Nigam Limited - India
- Wilmar Investment Holdings
- Kalimantan Lumbung Energi - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Offshore Bulk Terminal Pte Ltd, Singapore
- Alfred C Toepfer International GmbH - Germany
- Cement Manufacturers Association - India
- Petron Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Jindal Steel & Power Ltd - India
- Sojitz Corporation - Japan
- Bulk Trading Sa - Switzerland
- Semirara Mining and Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Ambuja Cements Ltd - India
- Indogreen Group - Indonesia
- Marubeni Corporation - India
- Africa Commodities Group - South Africa
- India Bulls Power Limited - India
- ICICI Bank Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- London Commodity Brokers - England
- Latin American Coal - Colombia
- Makarim & Taira - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- AsiaOL BioFuels Corp., Philippines
- Toyota Tsusho Corporation, Japan
- Kartika Selabumi Mining - Indonesia
- Bhatia International Limited - India
- Pendopo Energi Batubara - Indonesia
- Parry Sugars Refinery, India
- Tata Chemicals Ltd - India
- Rio Tinto Coal - Australia
- VISA Power Limited - India
- Edison Trading Spa - Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- MS Steel International - UAE
- PowerSource Philippines DevCo
- Savvy Resources Ltd - HongKong
- Kepco SPC Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Krishnapatnam Port Company Ltd. - India
- Commonwealth Bank - Australia
- Manunggal Multi Energi - Indonesia
- San Jose City I Power Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Asmin Koalindo Tuhup - Indonesia
- Vedanta Resources Plc - India
- Ind-Barath Power Infra Limited - India
- Bharathi Cement Corporation - India
- Sree Jayajothi Cements Limited - India
- Kapuas Tunggal Persada - Indonesia
- Globalindo Alam Lestari - Indonesia
- Australian Coal Association
- Renaissance Capital - South Africa
- Madhucon Powers Ltd - India
- Indian Oil Corporation Limited
- Borneo Indobara - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- The Treasury - Australian Government
- Star Paper Mills Limited - India
- Parliament of New Zealand
- GN Power Mariveles Coal Plant, Philippines
- Billiton Holdings Pty Ltd - Australia
- ASAPP Information Group - India
- Oldendorff Carriers - Singapore
- Central Electricity Authority - India
- Medco Energi Mining Internasional
- Semirara Mining Corp, Philippines
- Merrill Lynch Commodities Europe
- Ministry of Transport, Egypt
- Kaltim Prima Coal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- The State Trading Corporation of India Ltd
- PNOC Exploration Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- Directorate Of Revenue Intelligence - India
- Central Java Power - Indonesia
- Iligan Light & Power Inc, Philippines
- Aditya Birla Group - India
- Formosa Plastics Group - Taiwan
- Energy Development Corp, Philippines
- Ministry of Finance - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bukit Makmur.PT - Indonesia
- Gujarat Sidhee Cement - India
- Larsen & Toubro Limited - India
- GMR Energy Limited - India
- Anglo American - United Kingdom
- Power Finance Corporation Ltd., India
- Essar Steel Hazira Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Chamber of Mines of South Africa
- Thiess Contractors Indonesia
- Australian Commodity Traders Exchange
- Coal and Oil Company - UAE
- Mjunction Services Limited - India
- Orica Mining Services - Indonesia
- Salva Resources Pvt Ltd - India
- Eastern Coal Council - USA
- Independent Power Producers Association of India
- Siam City Cement - Thailand
- Electricity Generating Authority of Thailand
- Siam City Cement PLC, Thailand
- Orica Australia Pty. Ltd.
- IHS Mccloskey Coal Group - USA
- Straits Asia Resources Limited - Singapore
- Indonesian Coal Mining Association
- Global Coal Blending Company Limited - Australia
- IEA Clean Coal Centre - UK
- Indo Tambangraya Megah - Indonesia
- Metalloyd Limited - United Kingdom
- Romanian Commodities Exchange
- Chettinad Cement Corporation Ltd - India
- Indian Energy Exchange, India
- Agrawal Coal Company - India
- Bahari Cakrawala Sebuku - Indonesia
- Vizag Seaport Private Limited - India
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