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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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Sunday, 26 January 20
SUPRAMAX: THE ASIAN BASIN SAW A 56,000DWT SHIP FIXING DELIVERY SAMARINDA TRIP TO WEST COAST INDIA AT $4,750 - BALTIC BRIEFING
Capesize
The market endured heavy losses throughout the past week, with the Capesize 5TC dropping from $8,352 to $4,772. In the lead up to Chin ...
Sunday, 26 January 20
SHIPPING NEEDS TO PREPARE FOR CORONAVIRUS RESTRICTIONS WARNS HILL DICKINSON
The shipping industry needs to be prepared for potential restrictions in order to prevent the further spread of the ‘Wuhan’ coronavirus ...
Friday, 24 January 20
LOW-SULPHUR FUEL OIL PRICES DROP USD 99 PER MT IN SINGAPORE - BIMCO
Singapore has seen one of the largest drops in the price of Very Low Sulphur Fuel Oil (VLSFO), which peaked on 7 January 2020 at USD 740 per metric ...
Friday, 24 January 20
CHINA'S BENCHMARK POWER COAL PRICE REMAINED FLAT DURING THE PAST WEEK - XINHUA
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of coal prices in north China’s major ports, stood at 553 yuan (about 80.1 U.S. dollars) ...
Thursday, 23 January 20
PANAMAX: ANOTHER DISAPPOINTING WEEK IN BOTH THE ATLANTIC AND THE PACIFIC BASIN - FEARNLEYS
Cape Size
From bad to worse for the biggest ships as prices for low-sulphur fuel oil remain high whilst freight rates deteriorate further. Aver ...
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- Iligan Light & Power Inc, Philippines
- Indian Energy Exchange, India
- Metalloyd Limited - United Kingdom
- Maharashtra Electricity Regulatory Commission - India
- Coastal Gujarat Power Limited - India
- Economic Council, Georgia
- Holcim Trading Pte Ltd - Singapore
- Kumho Petrochemical, South Korea
- Bangladesh Power Developement Board
- Wood Mackenzie - Singapore
- LBH Netherlands Bv - Netherlands
- Intertek Mineral Services - Indonesia
- Parry Sugars Refinery, India
- Jindal Steel & Power Ltd - India
- Mercuria Energy - Indonesia
- Australian Coal Association
- Cement Manufacturers Association - India
- Chamber of Mines of South Africa
- Thiess Contractors Indonesia
- Toyota Tsusho Corporation, Japan
- Sojitz Corporation - Japan
- GMR Energy Limited - India
- Indika Energy - Indonesia
- Thai Mozambique Logistica
- Indian Oil Corporation Limited
- Vizag Seaport Private Limited - India
- Gujarat Electricity Regulatory Commission - India
- Bhoruka Overseas - Indonesia
- Simpson Spence & Young - Indonesia
- The State Trading Corporation of India Ltd
- Kaltim Prima Coal - Indonesia
- Electricity Authority, New Zealand
- Energy Development Corp, Philippines
- London Commodity Brokers - England
- Electricity Generating Authority of Thailand
- Independent Power Producers Association of India
- Petrochimia International Co. Ltd.- Taiwan
- Posco Energy - South Korea
- Asmin Koalindo Tuhup - Indonesia
- Sarangani Energy Corporation, Philippines
- PowerSource Philippines DevCo
- TeaM Sual Corporation - Philippines
- Trasteel International SA, Italy
- Karbindo Abesyapradhi - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Energy Link Ltd, New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GAC Shipping (India) Pvt Ltd
- Aditya Birla Group - India
- Kalimantan Lumbung Energi - Indonesia
- Bukit Baiduri Energy - Indonesia
- Mercator Lines Limited - India
- Global Green Power PLC Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coal and Oil Company - UAE
- Dalmia Cement Bharat India
- Bayan Resources Tbk. - Indonesia
- Straits Asia Resources Limited - Singapore
- Videocon Industries ltd - India
- Port Waratah Coal Services - Australia
- SMG Consultants - Indonesia
- Edison Trading Spa - Italy
- Antam Resourcindo - Indonesia
- Ceylon Electricity Board - Sri Lanka
- European Bulk Services B.V. - Netherlands
- Interocean Group of Companies - India
- Savvy Resources Ltd - HongKong
- Pipit Mutiara Jaya. PT, Indonesia
- Sree Jayajothi Cements Limited - India
- Meenaskhi Energy Private Limited - India
- Alfred C Toepfer International GmbH - Germany
- Price Waterhouse Coopers - Russia
- New Zealand Coal & Carbon
- Meralco Power Generation, Philippines
- Vedanta Resources Plc - India
- ASAPP Information Group - India
- Planning Commission, India
- SN Aboitiz Power Inc, Philippines
- Power Finance Corporation Ltd., India
- International Coal Ventures Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- VISA Power Limited - India
- CIMB Investment Bank - Malaysia
- Romanian Commodities Exchange
- Minerals Council of Australia
- Tamil Nadu electricity Board
- Kobexindo Tractors - Indoneisa
- Banpu Public Company Limited - Thailand
- Medco Energi Mining Internasional
- Karaikal Port Pvt Ltd - India
- Tata Chemicals Ltd - India
- Marubeni Corporation - India
- Borneo Indobara - Indonesia
- Directorate Of Revenue Intelligence - India
- Africa Commodities Group - South Africa
- Agrawal Coal Company - India
- Binh Thuan Hamico - Vietnam
- IEA Clean Coal Centre - UK
- IHS Mccloskey Coal Group - USA
- Heidelberg Cement - Germany
- OPG Power Generation Pvt Ltd - India
- Ministry of Mines - Canada
- Latin American Coal - Colombia
- Rashtriya Ispat Nigam Limited - India
- Merrill Lynch Commodities Europe
- Kepco SPC Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- The University of Queensland
- Chettinad Cement Corporation Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Formosa Plastics Group - Taiwan
- TNB Fuel Sdn Bhd - Malaysia
- Larsen & Toubro Limited - India
- Australian Commodity Traders Exchange
- Deloitte Consulting - India
- South Luzon Thermal Energy Corporation
- SMC Global Power, Philippines
- Commonwealth Bank - Australia
- Bukit Makmur.PT - Indonesia
- Essar Steel Hazira Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Indo Tambangraya Megah - Indonesia
- ICICI Bank Limited - India
- Indonesian Coal Mining Association
- Standard Chartered Bank - UAE
- San Jose City I Power Corp, Philippines
- Oldendorff Carriers - Singapore
- Malabar Cements Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Star Paper Mills Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Parliament of New Zealand
- Central Electricity Authority - India
- Semirara Mining and Power Corporation, Philippines
- Xindia Steels Limited - India
- Siam City Cement - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Indogreen Group - Indonesia
- Attock Cement Pakistan Limited
- Central Java Power - Indonesia
- Makarim & Taira - Indonesia
- Aboitiz Power Corporation - Philippines
- Grasim Industreis Ltd - India
- Global Business Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Manunggal Multi Energi - Indonesia
- Bhushan Steel Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Bhatia International Limited - India
- Leighton Contractors Pty Ltd - Australia
- Orica Australia Pty. Ltd.
- Eastern Energy - Thailand
- Ministry of Finance - Indonesia
- Salva Resources Pvt Ltd - India
- Eastern Coal Council - USA
- Riau Bara Harum - Indonesia
- PNOC Exploration Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Bharathi Cement Corporation - India
- Anglo American - United Kingdom
- White Energy Company Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Rio Tinto Coal - Australia
- MS Steel International - UAE
- Therma Luzon, Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Kideco Jaya Agung - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Mjunction Services Limited - India
- Sakthi Sugars Limited - India
- Sical Logistics Limited - India
- Semirara Mining Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Carbofer General Trading SA - India
- Kartika Selabumi Mining - Indonesia
- Siam City Cement PLC, Thailand
- Sindya Power Generating Company Private Ltd
- Uttam Galva Steels Limited - India
- Maheswari Brothers Coal Limited - India
- Petron Corporation, Philippines
- Mintek Dendrill Indonesia
- Samtan Co., Ltd - South Korea
- Goldman Sachs - Singapore
- Lanco Infratech Ltd - India
- Coalindo Energy - Indonesia
- PTC India Limited - India
- Ind-Barath Power Infra Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Transport, Egypt
- McConnell Dowell - Australia
- Madhucon Powers Ltd - India
- Global Coal Blending Company Limited - Australia
- GN Power Mariveles Coal Plant, Philippines
- Altura Mining Limited, Indonesia
- The Treasury - Australian Government
- Renaissance Capital - South Africa
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Sidhee Cement - India
- India Bulls Power Limited - India
- Orica Mining Services - Indonesia
- Jaiprakash Power Ventures ltd
- Baramulti Group, Indonesia
- Timah Investasi Mineral - Indoneisa
- Wilmar Investment Holdings
- CNBM International Corporation - China
- Georgia Ports Authority, United States
- AsiaOL BioFuels Corp., Philippines
- Ambuja Cements Ltd - India
- GVK Power & Infra Limited - India
- Kapuas Tunggal Persada - Indonesia
- Singapore Mercantile Exchange
- Pendopo Energi Batubara - Indonesia
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