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Monday, 17 February 14
US COAL PRODUCTION IN 2013 FELL TO ITS LOWEST LEVEL IN 20 YEARS


COALspot.com: U.S coal production for 2013 totaled an estimated 996 million short tons (MMst), 21 MMst (2%) lower than in 2012. It is the first time in 20 years that annual coal production was below 1 billion short tons. Coal production has fallen by nearly 100 MMst since 2011, with nearly identical declines in the Appalachian and Western coal regions, EIA says.

Coal production in the Interior region, which includes the Illinois Basin, increased by about 14 MMst over the same time

U.S. Coal Supply
EIA projects coal production will grow 3.9% to 1,035 MMst in 2014 as inventories stabilize and consumption increases. Coal production is projected to fall 1.5% in 2015 to 1,019 MMst. 

U.S. Coal Consumption
EIA estimates total coal consumption for 2013 to be 920 MMst, a 3.5% increase over 2012.  The increase was primarily a result of increased consumption in the electric power sector due to higher natural gas prices.  Projected consumption grows 4.1% to 958 MMst in 2014 as electricity demand grows and natural gas prices continue to rise.  Total coal consumption is projected to decline by 2.1% in 2015, as retirements of coal power plants rise in response to the implementation of the Mercury and Air Toxics Standards. 

U.S. Coal Exports
EIA estimates that exports for 2013 totaled 118 MMst, about 8 MMst lower than 2012.  Exports are projected to total 106 MMst in 2014 and 105 MMst in 2015.  Continuing economic weakness in Europe (the largest regional importer of U.S. coal), slowing Asian demand growth, increasing coal output in other coal-exporting countries, and falling international coal prices are the primary reasons for the expected decline in U.S. coal exports.  However, a supply disruption in Colombia could provide a temporary boost to U.S. exports.  Columbian steam coal exports are expected to drop by about a third after a new law, which took effect on January 1, only allows coal exporters to load ships using enclosed conveyor belts and prohibits the use of cranes and barges. Upgraded loading facilities are currently slated for completion in March. 

U.S. Coal Prices
According to EIA, nominal annual average coal prices to the electric power industry fell for the second consecutive year, from $2.38/MMBtu in 2012 to $2.35/MMBtu in 2013. 

EIA forecasts average delivered coal prices of $2.36/MMBtu in 2014 and $2.37/MMBtu in 2015.



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Recent News

Monday, 31 March 14
CFR SOUTH CHINA COAL SWAP FOR Q2 14 DELIVERY LOST 1.17% M-O-M
COALspot.com: API 8 CFR South China Coal swaps for average Q2 14 deliveries lost 1.17 percent month on month and closed at US$ 75.38  per m ...


Sunday, 30 March 14
FREIGHTS FROM INDONESIA TO INDIA IS EXPECTED TO BE SOFT NEXT WEEK - REDDY
COALspot.com: The freight market dropped drastically and all sectors were affected severely. The BDI was down by 14.13 pct and closed at 1, ...


Friday, 28 March 14
US PRODUCED APPROXIMATELY 18.9 MMST IN A WEEK - EIA
COALspot.com – United States the world's second largest coal producer, produced approximately 18.9 million short tons (mmst) of coal i ...


Friday, 28 March 14
CHINA'S ENVIRONMENTAL MEASURES WILL NOT CURB GROWTH IN DOMESTIC STEEL PRODUCTION AND SEABORNE IRON ORE - WOOD MACKENZIE SAYS
Steel plants in China have been targeted as a major source of the toxic smog enveloping Beijing and Shanghai. Emergency measures have been impos ...


Thursday, 27 March 14
PANAMAX : SEEMS TO HEAD FURTHER DOWN; CAPESIZE : ANOTHER CHOPPY AND UNPREDICTABLE WEEK - FEARNLEYS AS
Handy A weaker sentiment for the smaller size as well, with reduced activity in the Atlantic where Owners have to face significantly lower ret ...


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