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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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- Gujarat Mineral Development Corp Ltd - India
- Romanian Commodities Exchange
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- Gujarat Sidhee Cement - India
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- Coastal Gujarat Power Limited - India
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- Orica Mining Services - Indonesia
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- Formosa Plastics Group - Taiwan
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- Chettinad Cement Corporation Ltd - India
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- Pipit Mutiara Jaya. PT, Indonesia
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- Edison Trading Spa - Italy
- TeaM Sual Corporation - Philippines
- Eastern Coal Council - USA
- Interocean Group of Companies - India
- Essar Steel Hazira Ltd - India
- Simpson Spence & Young - Indonesia
- ICICI Bank Limited - India
- Deloitte Consulting - India
- PetroVietnam Power Coal Import and Supply Company
- Indika Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Mjunction Services Limited - India
- London Commodity Brokers - England
- Semirara Mining and Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Kumho Petrochemical, South Korea
- Alfred C Toepfer International GmbH - Germany
- Global Coal Blending Company Limited - Australia
- Goldman Sachs - Singapore
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- Ceylon Electricity Board - Sri Lanka
- GVK Power & Infra Limited - India
- Ind-Barath Power Infra Limited - India
- Minerals Council of Australia
- Rio Tinto Coal - Australia
- Siam City Cement PLC, Thailand
- Kalimantan Lumbung Energi - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- San Jose City I Power Corp, Philippines
- Bhushan Steel Limited - India
- ASAPP Information Group - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- AsiaOL BioFuels Corp., Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Sakthi Sugars Limited - India
- Directorate Of Revenue Intelligence - India
- Petron Corporation, Philippines
- Thai Mozambique Logistica
- Directorate General of MIneral and Coal - Indonesia
- Banpu Public Company Limited - Thailand
- Siam City Cement - Thailand
- Metalloyd Limited - United Kingdom
- OPG Power Generation Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- India Bulls Power Limited - India
- Cement Manufacturers Association - India
- PNOC Exploration Corporation - Philippines
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- Rashtriya Ispat Nigam Limited - India
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- Posco Energy - South Korea
- Sarangani Energy Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Salva Resources Pvt Ltd - India
- Wood Mackenzie - Singapore
- Meralco Power Generation, Philippines
- SN Aboitiz Power Inc, Philippines
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- Global Business Power Corporation, Philippines
- Videocon Industries ltd - India
- MS Steel International - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- SMC Global Power, Philippines
- Agrawal Coal Company - India
- Economic Council, Georgia
- Xindia Steels Limited - India
- Wilmar Investment Holdings
- Maheswari Brothers Coal Limited - India
- White Energy Company Limited
- Renaissance Capital - South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Makmur.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
- The Treasury - Australian Government
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- Sinarmas Energy and Mining - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Africa Commodities Group - South Africa
- Bharathi Cement Corporation - India
- Barasentosa Lestari - Indonesia
- Coal and Oil Company - UAE
- Indogreen Group - Indonesia
- Tata Chemicals Ltd - India
- GMR Energy Limited - India
- Pendopo Energi Batubara - Indonesia
- Parry Sugars Refinery, India
- Madhucon Powers Ltd - India
- Meenaskhi Energy Private Limited - India
- Larsen & Toubro Limited - India
- Central Electricity Authority - India
- Altura Mining Limited, Indonesia
- McConnell Dowell - Australia
- PTC India Limited - India
- Karaikal Port Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Transport, Egypt
- Georgia Ports Authority, United States
- Bayan Resources Tbk. - Indonesia
- Uttam Galva Steels Limited - India
- Semirara Mining Corp, Philippines
- New Zealand Coal & Carbon
- Indonesian Coal Mining Association
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Coal Association
- Oldendorff Carriers - Singapore
- Bhatia International Limited - India
- Kepco SPC Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Commonwealth Bank - Australia
- Intertek Mineral Services - Indonesia
- South Luzon Thermal Energy Corporation
- Kaltim Prima Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- Sojitz Corporation - Japan
- Ministry of Finance - Indonesia
- Manunggal Multi Energi - Indonesia
- Malabar Cements Ltd - India
- Ambuja Cements Ltd - India
- Cigading International Bulk Terminal - Indonesia
- The State Trading Corporation of India Ltd
- Electricity Generating Authority of Thailand
- Latin American Coal - Colombia
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- Krishnapatnam Port Company Ltd. - India
- Jorong Barutama Greston.PT - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Indian Oil Corporation Limited
- Medco Energi Mining Internasional
- Energy Development Corp, Philippines
- IEA Clean Coal Centre - UK
- The University of Queensland
- European Bulk Services B.V. - Netherlands
- Sindya Power Generating Company Private Ltd
- Coalindo Energy - Indonesia
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- Samtan Co., Ltd - South Korea
- Singapore Mercantile Exchange
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- Holcim Trading Pte Ltd - Singapore
- Orica Australia Pty. Ltd.
- Global Green Power PLC Corporation, Philippines
- Grasim Industreis Ltd - India
- Borneo Indobara - Indonesia
- Marubeni Corporation - India
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