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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 $2.26/MMBtu in 2016, says EIA in its latest report.
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Monday, 28 September 15
Q1'16 CFR SOUTH CHINA COAL SWAP ROSE 2.73 PER CENT M-M
COALspot.com: API 8 CFR South China Coal swap for 4Q’ 2015 delivery moved upward US$ 1.45 (3.04 %) per ton month over month.
A commodity ...
Sunday, 27 September 15
THE PANAMAX INDEX FELL 1.19 PCT WEEK OVER WEEK
COALspot.com: The BDI closed Friday (25/09/2015) at 943 points, down by 17 points compared to previous Friday closing (18/09/2015). The BDI wa ...
Friday, 25 September 15
COAL PRODUCTION IN THE U.S. FOR THE WEEK ENDING SEPTEMBER 19 ROSE 2.5% PER CENT W-W
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 17.8 million shor ...
Wednesday, 23 September 15
CAPESIZE: SPOT RATES HAVE INCREASED MORE THAN 70 PER CENT DURING LAST WEEK
Dry Bulk owners, always look at September as the time that the market “signals” what lies ahead for the remainder of the year. The Chin ...
Wednesday, 23 September 15
INDONESIA: NEW REGULATION APPLIES FINAL INCOME TAX TO MINERAL AND COAL SALES - FLORENCE GRACIA SANTOSO
To increase state revenue from the mining sector, the Government of Indonesia has imposed a new final income tax on any sale of mineral and coal, a ...
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- Bukit Makmur.PT - Indonesia
- Orica Australia Pty. Ltd.
- Straits Asia Resources Limited - Singapore
- Globalindo Alam Lestari - Indonesia
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- Sical Logistics Limited - India
- Electricity Generating Authority of Thailand
- The Treasury - Australian Government
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- Coastal Gujarat Power Limited - India
- Bharathi Cement Corporation - India
- Salva Resources Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Renaissance Capital - South Africa
- Borneo Indobara - Indonesia
- GAC Shipping (India) Pvt Ltd
- IEA Clean Coal Centre - UK
- Gujarat Electricity Regulatory Commission - India
- Gujarat Mineral Development Corp Ltd - India
- Global Business Power Corporation, Philippines
- Dalmia Cement Bharat India
- Semirara Mining Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Larsen & Toubro Limited - India
- Barasentosa Lestari - Indonesia
- Singapore Mercantile Exchange
- Central Electricity Authority - India
- SMC Global Power, Philippines
- TeaM Sual Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Directorate Of Revenue Intelligence - India
- Sarangani Energy Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Chamber of Mines of South Africa
- Independent Power Producers Association of India
- Manunggal Multi Energi - Indonesia
- Ind-Barath Power Infra Limited - India
- Merrill Lynch Commodities Europe
- Energy Link Ltd, New Zealand
- Xindia Steels Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Kaltim Prima Coal - Indonesia
- Samtan Co., Ltd - South Korea
- Economic Council, Georgia
- Baramulti Group, Indonesia
- Indika Energy - Indonesia
- Minerals Council of Australia
- Metalloyd Limited - United Kingdom
- Bayan Resources Tbk. - Indonesia
- Indonesian Coal Mining Association
- McConnell Dowell - Australia
- Mjunction Services Limited - India
- CNBM International Corporation - China
- Maheswari Brothers Coal Limited - India
- Cigading International Bulk Terminal - Indonesia
- Australian Commodity Traders Exchange
- Bukit Baiduri Energy - Indonesia
- Wood Mackenzie - Singapore
- Tata Chemicals Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Miang Besar Coal Terminal - Indonesia
- Rio Tinto Coal - Australia
- Electricity Authority, New Zealand
- Jindal Steel & Power Ltd - India
- Indian Energy Exchange, India
- Riau Bara Harum - Indonesia
- Aboitiz Power Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- VISA Power Limited - India
- Simpson Spence & Young - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Thai Mozambique Logistica
- India Bulls Power Limited - India
- Tamil Nadu electricity Board
- Deloitte Consulting - India
- Global Coal Blending Company Limited - Australia
- Sakthi Sugars Limited - India
- Kartika Selabumi Mining - Indonesia
- PTC India Limited - India
- Semirara Mining and Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Parliament of New Zealand
- Wilmar Investment Holdings
- Bulk Trading Sa - Switzerland
- Lanco Infratech Ltd - India
- Sindya Power Generating Company Private Ltd
- Aditya Birla Group - India
- Thiess Contractors Indonesia
- Bhatia International Limited - India
- Indogreen Group - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Orica Mining Services - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Commonwealth Bank - Australia
- Vedanta Resources Plc - India
- Global Green Power PLC Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Mintek Dendrill Indonesia
- Kideco Jaya Agung - Indonesia
- Medco Energi Mining Internasional
- LBH Netherlands Bv - Netherlands
- Indo Tambangraya Megah - Indonesia
- Parry Sugars Refinery, India
- Uttam Galva Steels Limited - India
- Kepco SPC Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Altura Mining Limited, Indonesia
- Planning Commission, India
- Ministry of Transport, Egypt
- Standard Chartered Bank - UAE
- New Zealand Coal & Carbon
- Makarim & Taira - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Indian Oil Corporation Limited
- SN Aboitiz Power Inc, Philippines
- Therma Luzon, Inc, Philippines
- Vizag Seaport Private Limited - India
- Edison Trading Spa - Italy
- Sinarmas Energy and Mining - Indonesia
- Oldendorff Carriers - Singapore
- Energy Development Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Chettinad Cement Corporation Ltd - India
- SMG Consultants - Indonesia
- Agrawal Coal Company - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mercator Lines Limited - India
- Ministry of Mines - Canada
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mercuria Energy - Indonesia
- The University of Queensland
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Anglo American - United Kingdom
- Ambuja Cements Ltd - India
- White Energy Company Limited
- Iligan Light & Power Inc, Philippines
- Malabar Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- PowerSource Philippines DevCo
- PNOC Exploration Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Coalindo Energy - Indonesia
- Central Java Power - Indonesia
- Heidelberg Cement - Germany
- Timah Investasi Mineral - Indoneisa
- Interocean Group of Companies - India
- Bhushan Steel Limited - India
- Alfred C Toepfer International GmbH - Germany
- Coal and Oil Company - UAE
- Meralco Power Generation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Petron Corporation, Philippines
- Videocon Industries ltd - India
- Posco Energy - South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Siam City Cement PLC, Thailand
- ASAPP Information Group - India
- London Commodity Brokers - England
- Africa Commodities Group - South Africa
- CIMB Investment Bank - Malaysia
- Pipit Mutiara Jaya. PT, Indonesia
- Port Waratah Coal Services - Australia
- Binh Thuan Hamico - Vietnam
- Karaikal Port Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- The State Trading Corporation of India Ltd
- Bhoruka Overseas - Indonesia
- Eastern Energy - Thailand
- Eastern Coal Council - USA
- Petrochimia International Co. Ltd.- Taiwan
- Banpu Public Company Limited - Thailand
- Jaiprakash Power Ventures ltd
- Grasim Industreis Ltd - India
- Australian Coal Association
- Trasteel International SA, Italy
- Leighton Contractors Pty Ltd - Australia
- Billiton Holdings Pty Ltd - Australia
- Latin American Coal - Colombia
- Cement Manufacturers Association - India
- Kalimantan Lumbung Energi - Indonesia
- Attock Cement Pakistan Limited
- Sojitz Corporation - Japan
- Marubeni Corporation - India
- South Luzon Thermal Energy Corporation
- Formosa Plastics Group - Taiwan
- MS Steel International - UAE
- Romanian Commodities Exchange
- GMR Energy Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- Star Paper Mills Limited - India
- IHS Mccloskey Coal Group - USA
- Intertek Mineral Services - Indonesia
- Sree Jayajothi Cements Limited - India
- Rashtriya Ispat Nigam Limited - India
- OPG Power Generation Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Toyota Tsusho Corporation, Japan
- Bahari Cakrawala Sebuku - Indonesia
- Price Waterhouse Coopers - Russia
- Essar Steel Hazira Ltd - India
- Power Finance Corporation Ltd., India
- Georgia Ports Authority, United States
- Siam City Cement - Thailand
- Goldman Sachs - Singapore
- Ministry of Finance - Indonesia
- ICICI Bank Limited - India
- Antam Resourcindo - Indonesia
- Bangladesh Power Developement Board
- GVK Power & Infra Limited - India
- Carbofer General Trading SA - India
- Vijayanagar Sugar Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
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