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Wednesday, 07 October 15
U.S. COAL EXPORTS FOR THE FIRST SEVEN MONTHS DOWN 21 PER CENT COMPARED WITH THE SAME PERIOD IN 2014 - EIA
Coal Supply
Lower U.S.’s domestic coal consumption and reduced exports contribute to a forecast decline of 89 million short tons (MMst) in U.S. coal production in 2015.
According to short-term energy and winter fuels outlook of EIA, the coal production is expected to decrease in all coal-producing regions in 2015, with the largest decline on a percentage basis occurring in the Appalachian region. Interior region production, which includes the Illinois Basin (ILB), is expected to decline for the first time since 2009, while Western region production is projected to fall below 500 MMst for the first time since 1998.
The EIA’s report further noted that, U.S. coal production is expected to decrease by an additional 28 MMst (3.0%) in 2016, but Interior region production is projected to grow by 1.5%. The forecast 2016 increase in ILB coal production reflects advantages compared with other coal-producing regions, high heat content, closer proximity to major markets than coal produced in the Western region, and lower mining costs than Appalachian-produced coal.
The report further said that, the electric power sector stockpiles in U.S. were 160 MMst in July, a 5% decrease from the June level. This decrease in June-to-July coal stockpiles follows the normal seasonal pattern whereby coal stockpiles decrease during the summer months. Despite this decrease, coal stockpiles are still relatively high because of the loss in market share to natural gas for power generation. Coal inventories in July 2015 were 35 MMst higher than in July 2014, when inventories were still recovering from the effects of colder-than-normal temperatures during the 2013-14 winter.
Coal Consumption
EIA expects an 8% decrease in total coal consumption in U.S. in 2015, mainly driven by an 8% drop in electric power sector consumption. Lower natural gas prices are the key factor driving the decrease in coal consumption. Projected low natural gas prices (power sector natural gas prices are 28% lower in 2015 compared with 2014) make it more economical to run natural gas-fired generating units at higher utilization rates.
EIA’s report says, the retirements of coal-fired power plants, in response to the implementation of the Mercury and Air Toxics Standards (MATS), also reduce coal-fired capacity in the power sector in 2015, but because the retirements are occurring throughout 2015, the full effect will not be evident until 2016.
Projected rising electricity demand and higher natural gas prices next year are expected to contribute to higher utilization rates among the remaining coal-fired power plants. Coal consumption in the electric power sector is forecast to remain relatively unchanged in 2016.
Coal Trade
Slower growth in world coal demand, lower international coal prices, and higher coal output in other coal-exporting countries have all contributed to a decline in U.S. coal exports.
According to EIA, the lower mining costs, cheaper transportation costs, and favorable exchange rates will continue to provide an advantage to mines in other major coal-exporting countries compared with U.S. producers. Coal exports for the first seven months of 2015 are down 21% compared with the same period in 2014. Forecast coal exports fall by 20 MMst, to 77 MMst, in 2015, and then decrease by another 9 MMst (12%) in 2016 as the current global coal market trends are expected to continue. U.S. coal imports, which increased by more than 2 MMst in 2014 to 11 MMst, are expected to stay near that level in 2015 and 2016.
Coal Prices
The annual average coal price to the electric power sector averaged $2.36/MMBtu in 2014. EIA expects the delivered coal price to average $2.25/MMBtu in 2015 and to increase by one cent to average $2.26/MMBtu in 2016, says EIA in its latest report.
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Tuesday, 20 October 15
FOB RICHARDS BAY COAL SWAPS SINK INTO RED THIS PAST WEEK
COALspot.com: API4 FOB Richards Bay Coal swap for delivery Q4' 2015 declined week over week and month over month.
The Q4 swap was down US$ ...
Tuesday, 20 October 15
API 5 FOB NEWCASTLE COAL SWAP CLOSED NEGATIVE
COALspot.com: API 5 FOB Newcastle Coal swap for Q4’ 2015 delivery decreased $1.23 per ton (2.86%) month over month to US$ 41.80 per ton. The ...
Monday, 19 October 15
RUSSIA MAJOR COAL MINER KRU CUTS 4.5 MLN T/YR "UNPROFITABLE" EURO SALES - JACQUELINE HOLMES
COALspot.com: Kuzbassrazrezugol (KRU), one of Russia's largest producers of high-quality coal, plans to cut its coal exports in 2016 by about 4 ...
Monday, 19 October 15
CFR SOUTH CHINA COAL SWAP CLOSED AT $48.68 PER TON
COALspot.com: API 8 CFR South China Coal swap for 4Q’ 2015 delivery down just US cents 55 (1.12 %) per ton month over month.
A commodity ...
Monday, 19 October 15
KOMIPO SEEKS 1.28 MILLION T/Y COAL FOR DEC 2015 - Q2 2016
COALspot.com: South Korean state-owned utility Korea Midland Power (KOMIPO) issued an new tender for 1,280,000 Metric Tons (MT) of minimum 4,600 kc ...
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- Romanian Commodities Exchange
- Carbofer General Trading SA - India
- Intertek Mineral Services - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Parry Sugars Refinery, India
- Oldendorff Carriers - Singapore
- Port Waratah Coal Services - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Asmin Koalindo Tuhup - Indonesia
- MS Steel International - UAE
- San Jose City I Power Corp, Philippines
- Mercator Lines Limited - India
- Binh Thuan Hamico - Vietnam
- Krishnapatnam Port Company Ltd. - India
- Eastern Coal Council - USA
- Jorong Barutama Greston.PT - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Vedanta Resources Plc - India
- CIMB Investment Bank - Malaysia
- ICICI Bank Limited - India
- Therma Luzon, Inc, Philippines
- Manunggal Multi Energi - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- SN Aboitiz Power Inc, Philippines
- Bangladesh Power Developement Board
- Dalmia Cement Bharat India
- Kapuas Tunggal Persada - Indonesia
- Independent Power Producers Association of India
- Gujarat Electricity Regulatory Commission - India
- PowerSource Philippines DevCo
- India Bulls Power Limited - India
- Medco Energi Mining Internasional
- Malabar Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- White Energy Company Limited
- Coalindo Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Sojitz Corporation - Japan
- ASAPP Information Group - India
- Alfred C Toepfer International GmbH - Germany
- Trasteel International SA, Italy
- Jindal Steel & Power Ltd - India
- Indian Oil Corporation Limited
- Kartika Selabumi Mining - Indonesia
- Directorate Of Revenue Intelligence - India
- Mintek Dendrill Indonesia
- Vizag Seaport Private Limited - India
- Electricity Generating Authority of Thailand
- Goldman Sachs - Singapore
- Planning Commission, India
- Kalimantan Lumbung Energi - Indonesia
- Thai Mozambique Logistica
- The Treasury - Australian Government
- Semirara Mining Corp, Philippines
- The State Trading Corporation of India Ltd
- Indian Energy Exchange, India
- Toyota Tsusho Corporation, Japan
- Cigading International Bulk Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Orica Australia Pty. Ltd.
- Indika Energy - Indonesia
- Electricity Authority, New Zealand
- Kideco Jaya Agung - Indonesia
- McConnell Dowell - Australia
- Ministry of Mines - Canada
- Pipit Mutiara Jaya. PT, Indonesia
- Riau Bara Harum - Indonesia
- Kepco SPC Power Corporation, Philippines
- Larsen & Toubro Limited - India
- GVK Power & Infra Limited - India
- VISA Power Limited - India
- Wilmar Investment Holdings
- Energy Link Ltd, New Zealand
- Sindya Power Generating Company Private Ltd
- Indo Tambangraya Megah - Indonesia
- Petron Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Ministry of Transport, Egypt
- Holcim Trading Pte Ltd - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sical Logistics Limited - India
- Australian Coal Association
- Siam City Cement PLC, Thailand
- Madhucon Powers Ltd - India
- Lanco Infratech Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- New Zealand Coal & Carbon
- Standard Chartered Bank - UAE
- Meralco Power Generation, Philippines
- Interocean Group of Companies - India
- Salva Resources Pvt Ltd - India
- SMG Consultants - Indonesia
- Borneo Indobara - Indonesia
- Kobexindo Tractors - Indoneisa
- GAC Shipping (India) Pvt Ltd
- Chettinad Cement Corporation Ltd - India
- Aboitiz Power Corporation - Philippines
- Economic Council, Georgia
- IHS Mccloskey Coal Group - USA
- Metalloyd Limited - United Kingdom
- Cement Manufacturers Association - India
- Bhatia International Limited - India
- Chamber of Mines of South Africa
- Central Java Power - Indonesia
- Timah Investasi Mineral - Indoneisa
- PTC India Limited - India
- Barasentosa Lestari - Indonesia
- Indogreen Group - Indonesia
- SMC Global Power, Philippines
- Global Business Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Singapore Mercantile Exchange
- European Bulk Services B.V. - Netherlands
- Global Green Power PLC Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Mjunction Services Limited - India
- Ministry of Finance - Indonesia
- Sarangani Energy Corporation, Philippines
- Xindia Steels Limited - India
- LBH Netherlands Bv - Netherlands
- South Luzon Thermal Energy Corporation
- Coastal Gujarat Power Limited - India
- Energy Development Corp, Philippines
- Edison Trading Spa - Italy
- Commonwealth Bank - Australia
- IEA Clean Coal Centre - UK
- Global Coal Blending Company Limited - Australia
- Rashtriya Ispat Nigam Limited - India
- Gujarat Sidhee Cement - India
- Deloitte Consulting - India
- Iligan Light & Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhushan Steel Limited - India
- Bukit Makmur.PT - Indonesia
- Orica Mining Services - Indonesia
- Formosa Plastics Group - Taiwan
- Altura Mining Limited, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Baramulti Group, Indonesia
- Coal and Oil Company - UAE
- Vijayanagar Sugar Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Georgia Ports Authority, United States
- Sree Jayajothi Cements Limited - India
- Latin American Coal - Colombia
- Maharashtra Electricity Regulatory Commission - India
- Leighton Contractors Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
- Grasim Industreis Ltd - India
- International Coal Ventures Pvt Ltd - India
- Tata Chemicals Ltd - India
- Marubeni Corporation - India
- Minerals Council of Australia
- Gujarat Mineral Development Corp Ltd - India
- Aditya Birla Group - India
- AsiaOL BioFuels Corp., Philippines
- CNBM International Corporation - China
- Sakthi Sugars Limited - India
- Essar Steel Hazira Ltd - India
- Straits Asia Resources Limited - Singapore
- Simpson Spence & Young - Indonesia
- Parliament of New Zealand
- Kaltim Prima Coal - Indonesia
- Australian Commodity Traders Exchange
- PNOC Exploration Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Billiton Holdings Pty Ltd - Australia
- Mercuria Energy - Indonesia
- Tamil Nadu electricity Board
- Savvy Resources Ltd - HongKong
- Uttam Galva Steels Limited - India
- London Commodity Brokers - England
- Africa Commodities Group - South Africa
- Anglo American - United Kingdom
- Makarim & Taira - Indonesia
- Bhoruka Overseas - Indonesia
- Meenaskhi Energy Private Limited - India
- Star Paper Mills Limited - India
- GMR Energy Limited - India
- Siam City Cement - Thailand
- Antam Resourcindo - Indonesia
- Indonesian Coal Mining Association
- The University of Queensland
- Sinarmas Energy and Mining - Indonesia
- Bayan Resources Tbk. - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Merrill Lynch Commodities Europe
- Agrawal Coal Company - India
- Neyveli Lignite Corporation Ltd, - India
- Ceylon Electricity Board - Sri Lanka
- Ambuja Cements Ltd - India
- Power Finance Corporation Ltd., India
- Thiess Contractors Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Jaiprakash Power Ventures ltd
- Globalindo Alam Lestari - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Videocon Industries ltd - India
- Bharathi Cement Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Samtan Co., Ltd - South Korea
- Ind-Barath Power Infra Limited - India
- Posco Energy - South Korea
- Banpu Public Company Limited - Thailand
- Kumho Petrochemical, South Korea
- Eastern Energy - Thailand
- Central Electricity Authority - India
- Bukit Asam (Persero) Tbk - Indonesia
- Heidelberg Cement - Germany
- TNB Fuel Sdn Bhd - Malaysia
- Attock Cement Pakistan Limited
- Rio Tinto Coal - Australia
- Renaissance Capital - South Africa
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