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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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Sunday, 20 September 15
BALTIC CAPE INDEX ROSE 66.52 PER CENT AND STAND NOW AT 1995 POINTS
COALspot.com: The BDI (Baltic Dry Index) rose 17.35 per cent week over week to 960 points on Friday mainly driven by the Capesize segment. The Cape ...
Friday, 18 September 15
SHIPPING AND THE FED RATE DECISION: FINANCING COSTS COULD RISE EVEN HIGHER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Regardless of the FED’s decision to raise rates, shipping stands to be influenced by the decision. Shipbroker Allied Shipbroking noted this w ...
Friday, 18 September 15
U.S. COAL PRODUCTION DECLINED 6.7 PER CENT W-W: EIA
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 17.4 million shor ...
Thursday, 17 September 15
COALSPOT HAS LAUNCHED NEW THERMAL COAL INDICES FOR INDONESIAN COAL
COALspot.com has today launched real-time CS (i) Coal Indices.
The Indices represents 3800 kcal/kg GAR, 4200 kcal/kg GAR, 5000 kcal/kg GAR a ...
Thursday, 17 September 15
LOW DEMAND PUSH COAL SWAP DOWN
COALspot.com: Indonesian coal swap for delivery 4Q 2015 declined month on month and gain week over week.
The 4Q swap declined $ 1.77 (-4.17%) ...
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- Mercuria Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Bukit Baiduri Energy - Indonesia
- Mercator Lines Limited - India
- Rio Tinto Coal - Australia
- MS Steel International - UAE
- Iligan Light & Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- Power Finance Corporation Ltd., India
- Meralco Power Generation, Philippines
- Ministry of Transport, Egypt
- European Bulk Services B.V. - Netherlands
- Riau Bara Harum - Indonesia
- Edison Trading Spa - Italy
- Bulk Trading Sa - Switzerland
- Standard Chartered Bank - UAE
- Bayan Resources Tbk. - Indonesia
- Jaiprakash Power Ventures ltd
- Indogreen Group - Indonesia
- Coal and Oil Company - UAE
- Kobexindo Tractors - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Indian Energy Exchange, India
- Pendopo Energi Batubara - Indonesia
- IHS Mccloskey Coal Group - USA
- Central Electricity Authority - India
- Indonesian Coal Mining Association
- Directorate Of Revenue Intelligence - India
- Kartika Selabumi Mining - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Xindia Steels Limited - India
- Georgia Ports Authority, United States
- Bhoruka Overseas - Indonesia
- Billiton Holdings Pty Ltd - Australia
- The University of Queensland
- Thiess Contractors Indonesia
- The State Trading Corporation of India Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Sree Jayajothi Cements Limited - India
- Kumho Petrochemical, South Korea
- Ind-Barath Power Infra Limited - India
- Alfred C Toepfer International GmbH - Germany
- Price Waterhouse Coopers - Russia
- Jorong Barutama Greston.PT - Indonesia
- Salva Resources Pvt Ltd - India
- White Energy Company Limited
- Gujarat Electricity Regulatory Commission - India
- Savvy Resources Ltd - HongKong
- Singapore Mercantile Exchange
- Tamil Nadu electricity Board
- Minerals Council of Australia
- LBH Netherlands Bv - Netherlands
- Lanco Infratech Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Thai Mozambique Logistica
- Intertek Mineral Services - Indonesia
- Toyota Tsusho Corporation, Japan
- Mintek Dendrill Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Siam City Cement - Thailand
- Kaltim Prima Coal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Eastern Coal Council - USA
- GN Power Mariveles Coal Plant, Philippines
- Therma Luzon, Inc, Philippines
- Siam City Cement PLC, Thailand
- Wood Mackenzie - Singapore
- Timah Investasi Mineral - Indoneisa
- San Jose City I Power Corp, Philippines
- Indian Oil Corporation Limited
- London Commodity Brokers - England
- Electricity Generating Authority of Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indika Energy - Indonesia
- Chamber of Mines of South Africa
- Romanian Commodities Exchange
- Rashtriya Ispat Nigam Limited - India
- Bhatia International Limited - India
- Global Green Power PLC Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Larsen & Toubro Limited - India
- IEA Clean Coal Centre - UK
- Baramulti Group, Indonesia
- Jindal Steel & Power Ltd - India
- Wilmar Investment Holdings
- Orica Mining Services - Indonesia
- Sakthi Sugars Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Straits Asia Resources Limited - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Madhucon Powers Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- New Zealand Coal & Carbon
- Bukit Makmur.PT - Indonesia
- Ministry of Finance - Indonesia
- Carbofer General Trading SA - India
- Coalindo Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Australian Coal Association
- Globalindo Alam Lestari - Indonesia
- SMC Global Power, Philippines
- McConnell Dowell - Australia
- AsiaOL BioFuels Corp., Philippines
- Manunggal Multi Energi - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Altura Mining Limited, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- SMG Consultants - Indonesia
- Marubeni Corporation - India
- ASAPP Information Group - India
- PowerSource Philippines DevCo
- India Bulls Power Limited - India
- Orica Australia Pty. Ltd.
- PNOC Exploration Corporation - Philippines
- VISA Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Interocean Group of Companies - India
- Karbindo Abesyapradhi - Indoneisa
- Electricity Authority, New Zealand
- Tata Chemicals Ltd - India
- Vedanta Resources Plc - India
- Antam Resourcindo - Indonesia
- Kideco Jaya Agung - Indonesia
- Coastal Gujarat Power Limited - India
- Mjunction Services Limited - India
- Maheswari Brothers Coal Limited - India
- TeaM Sual Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- Dalmia Cement Bharat India
- Goldman Sachs - Singapore
- Bharathi Cement Corporation - India
- CIMB Investment Bank - Malaysia
- South Luzon Thermal Energy Corporation
- Krishnapatnam Port Company Ltd. - India
- Bangladesh Power Developement Board
- GMR Energy Limited - India
- Africa Commodities Group - South Africa
- Videocon Industries ltd - India
- Deloitte Consulting - India
- Heidelberg Cement - Germany
- Bukit Asam (Persero) Tbk - Indonesia
- Ceylon Electricity Board - Sri Lanka
- OPG Power Generation Pvt Ltd - India
- Bhushan Steel Limited - India
- Chettinad Cement Corporation Ltd - India
- Makarim & Taira - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Medco Energi Mining Internasional
- ICICI Bank Limited - India
- PTC India Limited - India
- Uttam Galva Steels Limited - India
- Borneo Indobara - Indonesia
- Indo Tambangraya Megah - Indonesia
- Central Java Power - Indonesia
- Star Paper Mills Limited - India
- Aditya Birla Group - India
- Port Waratah Coal Services - Australia
- Meenaskhi Energy Private Limited - India
- Malabar Cements Ltd - India
- Trasteel International SA, Italy
- Bank of Tokyo Mitsubishi UFJ Ltd
- Binh Thuan Hamico - Vietnam
- Barasentosa Lestari - Indonesia
- Parry Sugars Refinery, India
- Sindya Power Generating Company Private Ltd
- Aboitiz Power Corporation - Philippines
- Vizag Seaport Private Limited - India
- Eastern Energy - Thailand
- GVK Power & Infra Limited - India
- Renaissance Capital - South Africa
- The Treasury - Australian Government
- Planning Commission, India
- Commonwealth Bank - Australia
- Latin American Coal - Colombia
- Holcim Trading Pte Ltd - Singapore
- Independent Power Producers Association of India
- Energy Link Ltd, New Zealand
- Ambuja Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Petron Corporation, Philippines
- Grasim Industreis Ltd - India
- Ministry of Mines - Canada
- Simpson Spence & Young - Indonesia
- SN Aboitiz Power Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Economic Council, Georgia
- Karaikal Port Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Business Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Sojitz Corporation - Japan
- Semirara Mining and Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Oldendorff Carriers - Singapore
- Banpu Public Company Limited - Thailand
- Metalloyd Limited - United Kingdom
- Sical Logistics Limited - India
- CNBM International Corporation - China
- Kapuas Tunggal Persada - Indonesia
- Posco Energy - South Korea
- Agrawal Coal Company - India
- Energy Development Corp, Philippines
- Merrill Lynch Commodities Europe
- Asmin Koalindo Tuhup - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Attock Cement Pakistan Limited
- Parliament of New Zealand
- Australian Commodity Traders Exchange
- Formosa Plastics Group - Taiwan
- Anglo American - United Kingdom
- GAC Shipping (India) Pvt Ltd
- Cement Manufacturers Association - India
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