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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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Wednesday, 07 October 15
SHIPPING MARKET INSIGHT - INTERMODAL
Sale and Purchase activity during the first three quarters of 2015 and more specifically during the summer season has been rather remarkable. 421 v ...
Wednesday, 07 October 15
INDONESIA COAL SWAPS HAVE CONTINUED TO DECLINE, FALLING ALMOST 7% M-M
COALspot.com: Indonesian coal swap for delivery Q4 2015 declined month on month and week over week.
The Q4 swap declined $ 2.23 (-5.51%) per t ...
Tuesday, 06 October 15
THE IMPACT OF LOW OIL PRICE ON THE SHIPPING INDUSTRY - LITERATED
The fall in global oil prices over the last one year has been beneficial to the shipping industry. The demand for oil tankers has picked up and the ...
Tuesday, 06 October 15
FOB RICHARDS BAY COAL SWAPS PLUNGE MORE THAN 6 PER CENT M-M
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$ ...
Monday, 05 October 15
Q1 & Q2 2016 DELIVERY SWAPS DECLINED M-M AND W-W THIS PAST WEEK
COALspot.com: API 5 FOB Newcastle Coal swap for Q4’ 2015 delivery decreased $0.36 per ton (0.85%) month over month to US$ 42.12 per ton. The ...
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- Australian Coal Association
- Banpu Public Company Limited - Thailand
- Tata Chemicals Ltd - India
- Bulk Trading Sa - Switzerland
- Iligan Light & Power Inc, Philippines
- Singapore Mercantile Exchange
- Energy Development Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Miang Besar Coal Terminal - Indonesia
- Indonesian Coal Mining Association
- Billiton Holdings Pty Ltd - Australia
- Maharashtra Electricity Regulatory Commission - India
- Antam Resourcindo - Indonesia
- San Jose City I Power Corp, Philippines
- Indogreen Group - Indonesia
- Bukit Baiduri Energy - Indonesia
- Siam City Cement - Thailand
- Altura Mining Limited, Indonesia
- Bhatia International Limited - India
- CIMB Investment Bank - Malaysia
- Economic Council, Georgia
- IEA Clean Coal Centre - UK
- Indo Tambangraya Megah - Indonesia
- Standard Chartered Bank - UAE
- Electricity Generating Authority of Thailand
- AsiaOL BioFuels Corp., Philippines
- Deloitte Consulting - India
- Bangladesh Power Developement Board
- Meralco Power Generation, Philippines
- Riau Bara Harum - Indonesia
- Madhucon Powers Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- The University of Queensland
- Kapuas Tunggal Persada - Indonesia
- Ministry of Finance - Indonesia
- Kaltim Prima Coal - Indonesia
- Larsen & Toubro Limited - India
- New Zealand Coal & Carbon
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- Globalindo Alam Lestari - Indonesia
- VISA Power Limited - India
- LBH Netherlands Bv - Netherlands
- Simpson Spence & Young - Indonesia
- Indian Oil Corporation Limited
- Bhushan Steel Limited - India
- Parliament of New Zealand
- SN Aboitiz Power Inc, Philippines
- Lanco Infratech Ltd - India
- Savvy Resources Ltd - HongKong
- South Luzon Thermal Energy Corporation
- Kalimantan Lumbung Energi - Indonesia
- Borneo Indobara - Indonesia
- Independent Power Producers Association of India
- Intertek Mineral Services - Indonesia
- Sojitz Corporation - Japan
- Wilmar Investment Holdings
- European Bulk Services B.V. - Netherlands
- TeaM Sual Corporation - Philippines
- Cement Manufacturers Association - India
- Power Finance Corporation Ltd., India
- Dalmia Cement Bharat India
- Semirara Mining Corp, Philippines
- Global Business Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Mjunction Services Limited - India
- Agrawal Coal Company - India
- Xindia Steels Limited - India
- Planning Commission, India
- GMR Energy Limited - India
- Ministry of Mines - Canada
- Ceylon Electricity Board - Sri Lanka
- Africa Commodities Group - South Africa
- Coastal Gujarat Power Limited - India
- Indian Energy Exchange, India
- Malabar Cements Ltd - India
- Jindal Steel & Power Ltd - India
- Krishnapatnam Port Company Ltd. - India
- GAC Shipping (India) Pvt Ltd
- Karaikal Port Pvt Ltd - India
- Renaissance Capital - South Africa
- Anglo American - United Kingdom
- Barasentosa Lestari - Indonesia
- Electricity Authority, New Zealand
- Romanian Commodities Exchange
- Vijayanagar Sugar Pvt Ltd - India
- CNBM International Corporation - China
- Minerals Council of Australia
- Semirara Mining and Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Posco Energy - South Korea
- SMG Consultants - Indonesia
- Medco Energi Mining Internasional
- Sindya Power Generating Company Private Ltd
- Parry Sugars Refinery, India
- OPG Power Generation Pvt Ltd - India
- Central Electricity Authority - India
- Edison Trading Spa - Italy
- Orica Australia Pty. Ltd.
- PetroVietnam Power Coal Import and Supply Company
- Jorong Barutama Greston.PT - Indonesia
- Indika Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Samtan Co., Ltd - South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- Goldman Sachs - Singapore
- Ambuja Cements Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- IHS Mccloskey Coal Group - USA
- Coalindo Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Kideco Jaya Agung - Indonesia
- The State Trading Corporation of India Ltd
- Orica Mining Services - Indonesia
- Timah Investasi Mineral - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Leighton Contractors Pty Ltd - Australia
- Trasteel International SA, Italy
- PTC India Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Global Coal Blending Company Limited - Australia
- Toyota Tsusho Corporation, Japan
- Asmin Koalindo Tuhup - Indonesia
- Sakthi Sugars Limited - India
- White Energy Company Limited
- Thai Mozambique Logistica
- Directorate General of MIneral and Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- Gujarat Electricity Regulatory Commission - India
- Sinarmas Energy and Mining - Indonesia
- Chamber of Mines of South Africa
- ASAPP Information Group - India
- Wood Mackenzie - Singapore
- Maheswari Brothers Coal Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Sree Jayajothi Cements Limited - India
- Thiess Contractors Indonesia
- Central Java Power - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Essar Steel Hazira Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Marubeni Corporation - India
- MS Steel International - UAE
- Grasim Industreis Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PNOC Exploration Corporation - Philippines
- Uttam Galva Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- ICICI Bank Limited - India
- GVK Power & Infra Limited - India
- Binh Thuan Hamico - Vietnam
- International Coal Ventures Pvt Ltd - India
- Petron Corporation, Philippines
- Mintek Dendrill Indonesia
- Formosa Plastics Group - Taiwan
- Videocon Industries ltd - India
- Bayan Resources Tbk. - Indonesia
- Gujarat Sidhee Cement - India
- Neyveli Lignite Corporation Ltd, - India
- Kumho Petrochemical, South Korea
- Energy Link Ltd, New Zealand
- Gujarat Mineral Development Corp Ltd - India
- Attock Cement Pakistan Limited
- Cigading International Bulk Terminal - Indonesia
- Vedanta Resources Plc - India
- Global Green Power PLC Corporation, Philippines
- Rio Tinto Coal - Australia
- Rashtriya Ispat Nigam Limited - India
- Bukit Makmur.PT - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- The Treasury - Australian Government
- Tamil Nadu electricity Board
- Siam City Cement PLC, Thailand
- Aditya Birla Group - India
- Star Paper Mills Limited - India
- Kartika Selabumi Mining - Indonesia
- Mercator Lines Limited - India
- Eastern Energy - Thailand
- India Bulls Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Coal and Oil Company - UAE
- London Commodity Brokers - England
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jaiprakash Power Ventures ltd
- Ind-Barath Power Infra Limited - India
- Bharathi Cement Corporation - India
- Commonwealth Bank - Australia
- Therma Luzon, Inc, Philippines
- Mercuria Energy - Indonesia
- Eastern Coal Council - USA
- Aboitiz Power Corporation - Philippines
- Latin American Coal - Colombia
- Sical Logistics Limited - India
- Alfred C Toepfer International GmbH - Germany
- Bhoruka Overseas - Indonesia
- Carbofer General Trading SA - India
- Baramulti Group, Indonesia
- Sarangani Energy Corporation, Philippines
- McConnell Dowell - Australia
- Merrill Lynch Commodities Europe
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- Australian Commodity Traders Exchange
- GN Power Mariveles Coal Plant, Philippines
- Directorate Of Revenue Intelligence - India
- Vizag Seaport Private Limited - India
- Ministry of Transport, Egypt
- Georgia Ports Authority, United States
- PowerSource Philippines DevCo
- Interocean Group of Companies - India
- Manunggal Multi Energi - Indonesia
- SMC Global Power, Philippines
- Makarim & Taira - Indonesia
- Metalloyd Limited - United Kingdom
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