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Wednesday, 09 December 15
U.S. COAL EXPORTS DECLINE IN 2015 DUE TO SLOWER GROWTH IN WORLD COAL DEMAND AND LOWER INTERNATIONAL COAL PRICES - EIA
.jpg) COALspot.com: The slower growth in world coal demand and lower international coal prices have contributed to a decline in U.S. coal exports in 2015. 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, says EIA.
Coal Supply
Forecast U.S. coal production in 2015 declines by 97 million short tons (MMst) (10%).
According to EIA’s short-term energy outlook, forecast production decreases in all coal-producing regions, with the largest percentage decrease occurring in the Appalachian region (13%). Interior region production, which includes the Illinois Basin, declines by 8%, the first annual decline for that region since 2009. Western region production declines by 9%, dropping below 500 MMst for the first time since 1998.
EIA further noted in its short-term energy outlook that, the U.S. coal production is expected to decline by an additional 29 MMst (3%) in 2016. Interior region production, which accounted for 16% of coal production in 2011, accounts for 21% of production in 2016. This increase reflects the region's growing competitive advantages compared with the other coal-producing regions. These factors include the higher heat content of the coal, closer proximity to major markets than coal produced in the Western region, and lower mining costs than Appalachian-produced coal.
Electric power sector coal stockpiles were 162 MMst in September, a 4% increase from August, which is similar to the typical seasonal pattern. September coal inventories averaged 147 MMst during the previous 10 years (2005-14). Coal stockpiles are still relatively high because of the loss in market share to natural gas for power generation.
Coal Consumption
Forecast coal consumption decreases by 10% in 2015, mainly as a result of a 10% drop in electric power sector consumption, EIA commented on US coal consumption.
According to EIA’s short-term energy outlook which was released on 8 December, the Lower natural gas prices are the primary driver of the decrease in coal consumption. Low natural gas prices make it more economical to increase generation at natural gas-fired units and to decrease generation at coal units. Retirements of coal-fired power plants, stemming from both increased competition with natural gas generation and the implementation of the Mercury and Air Toxics Standards (MATS), also reduce coal-fired capacity in the power sector, but the full effect will not be evident until 2016.
Higher forecast natural gas prices in 2016 are expected to contribute to higher utilization rates among the remaining coal-fired power plants, which mitigates the effect of lower consumption because of coal-plant retirements. Coal consumption in the electric power sector is forecast to increase by 1% in 2016, as electricity demand rises and electricity generation from natural gas and nuclear decline, said EIA.
Coal Trade
EIA commented that, slower growth in world coal demand and lower international coal prices have contributed to a decline in U.S. coal exports. 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 over the next few years. U.S. coal exports for the first nine months of 2015 were down 22% (16 MMst) compared with the same period in 2014. Forecast coal exports fall by 20 MMst (21%) to 77 MMst in 2015. The current global coal market trends are expected to continue, and coal exports are forecast to decline by an additional 6 MMst (8%) in 2016.
U.S. coal imports, which increased by 2 MMst in 2014 to more than 11 MMst, are expected to be largely unchanged in 2015 and 2016. Coal imports, primarily from Latin America, are forecast to maintain their market share with power generators along the Atlantic and Gulf coasts, as imported coal's delivered price in those markets remains competitive with prices for domestically produced coal.
Coal Prices
Commenting on coal prices within US, the EIA says, the annual average coal price to the electric power sector averaged $2.37/MMBtu in 2014.
EIA expects the delivered coal price to average $2.24/MMBtu in 2015 and 2016, the EIA’s short-term energy outlook concluded.
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Wednesday, 16 December 15
FOB RICHARDS BAY COAL SWAP SLUMP 5.5% FROM LAST MONTH
COALspot.com: API4 FOB Richards Bay Coal swap for delivery Q1’ 2016 decline month over month and week over week.
The Q1’ 2016 &nbs ...
Wednesday, 16 December 15
MARKET INSIGHT - KATERINA RESTIS
On Friday 4th of December the meeting of OPEC was held in Vienna, Austria. Since its last meeting, oil and product stock levels have continued to r ...
Tuesday, 15 December 15
THE GOVERNMENT DECLARED THERMAL COAL BENCHMARK PRICE CRASHING ONCE AGAIN
COALspot.com: Low coal demand and excess supplies sent Indonesian benchmark coal price down to below 2009 level. HBA has slumped by 1.69% mo ...
Tuesday, 15 December 15
API 5 FOB NEWCASTLE COAL SWAP FIRM W-W; WEAK M-M
COALspot.com: API 5 FOB Newcastle Coal swap for Q1’ 2016 delivery slid $.13 per ton (0.35%) month over month to US$ 37.07 per ton. The swap w ...
Monday, 14 December 15
5000 GAR CS (I) COAL INDEX DECLINE US$ 0.04 PER TON W-O-W
COALspot.com: The 5000 GAR CS (i) coal index decline US$ 0.04 per ton (-0.10 %) week over week.
According to the CS (i) coal (system generated ...
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- Marubeni Corporation - India
- Intertek Mineral Services - Indonesia
- Energy Development Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- VISA Power Limited - India
- Africa Commodities Group - South Africa
- India Bulls Power Limited - India
- Cement Manufacturers Association - India
- Baramulti Group, Indonesia
- Uttam Galva Steels Limited - India
- Barasentosa Lestari - Indonesia
- Latin American Coal - Colombia
- Minerals Council of Australia
- Kideco Jaya Agung - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mercator Lines Limited - India
- Gujarat Electricity Regulatory Commission - India
- Toyota Tsusho Corporation, Japan
- Metalloyd Limited - United Kingdom
- Ind-Barath Power Infra Limited - India
- Central Java Power - Indonesia
- Oldendorff Carriers - Singapore
- Global Coal Blending Company Limited - Australia
- Borneo Indobara - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Jaiprakash Power Ventures ltd
- Bangladesh Power Developement Board
- Wood Mackenzie - Singapore
- Timah Investasi Mineral - Indoneisa
- Tata Chemicals Ltd - India
- Iligan Light & Power Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Aboitiz Power Corporation - Philippines
- Star Paper Mills Limited - India
- Holcim Trading Pte Ltd - Singapore
- The University of Queensland
- Globalindo Alam Lestari - Indonesia
- Coal and Oil Company - UAE
- Gujarat Sidhee Cement - India
- Electricity Authority, New Zealand
- Straits Asia Resources Limited - Singapore
- Electricity Generating Authority of Thailand
- Siam City Cement - Thailand
- SMG Consultants - Indonesia
- Interocean Group of Companies - India
- Vedanta Resources Plc - India
- Power Finance Corporation Ltd., India
- AsiaOL BioFuels Corp., Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Aditya Birla Group - India
- Neyveli Lignite Corporation Ltd, - India
- Thiess Contractors Indonesia
- Sree Jayajothi Cements Limited - India
- Medco Energi Mining Internasional
- Ambuja Cements Ltd - India
- International Coal Ventures Pvt Ltd - India
- Tamil Nadu electricity Board
- Port Waratah Coal Services - Australia
- Ministry of Finance - Indonesia
- Vizag Seaport Private Limited - India
- Eastern Coal Council - USA
- Rashtriya Ispat Nigam Limited - India
- Kobexindo Tractors - Indoneisa
- Anglo American - United Kingdom
- Grasim Industreis Ltd - India
- Heidelberg Cement - Germany
- Parliament of New Zealand
- Bhushan Steel Limited - India
- Indian Energy Exchange, India
- Semirara Mining Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Singapore Mercantile Exchange
- Kartika Selabumi Mining - Indonesia
- London Commodity Brokers - England
- Cigading International Bulk Terminal - Indonesia
- Siam City Cement PLC, Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Bharathi Cement Corporation - India
- OPG Power Generation Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Thai Mozambique Logistica
- Asmin Koalindo Tuhup - Indonesia
- Essar Steel Hazira Ltd - India
- Kaltim Prima Coal - Indonesia
- IEA Clean Coal Centre - UK
- TeaM Sual Corporation - Philippines
- Georgia Ports Authority, United States
- Bukit Makmur.PT - Indonesia
- Bhoruka Overseas - Indonesia
- Simpson Spence & Young - Indonesia
- Kumho Petrochemical, South Korea
- Economic Council, Georgia
- Alfred C Toepfer International GmbH - Germany
- Indika Energy - Indonesia
- Parry Sugars Refinery, India
- CNBM International Corporation - China
- Gujarat Mineral Development Corp Ltd - India
- The Treasury - Australian Government
- IHS Mccloskey Coal Group - USA
- Riau Bara Harum - Indonesia
- Ministry of Transport, Egypt
- MS Steel International - UAE
- Australian Coal Association
- Kohat Cement Company Ltd. - Pakistan
- Agrawal Coal Company - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Karbindo Abesyapradhi - Indoneisa
- Indogreen Group - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Jindal Steel & Power Ltd - India
- Posco Energy - South Korea
- New Zealand Coal & Carbon
- Eastern Energy - Thailand
- European Bulk Services B.V. - Netherlands
- Standard Chartered Bank - UAE
- Renaissance Capital - South Africa
- Lanco Infratech Ltd - India
- Orica Australia Pty. Ltd.
- Price Waterhouse Coopers - Russia
- Planning Commission, India
- Mercuria Energy - Indonesia
- Mjunction Services Limited - India
- Makarim & Taira - Indonesia
- Sical Logistics Limited - India
- ICICI Bank Limited - India
- Coastal Gujarat Power Limited - India
- PNOC Exploration Corporation - Philippines
- Independent Power Producers Association of India
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Mines - Canada
- Rio Tinto Coal - Australia
- Kepco SPC Power Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Coalindo Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Leighton Contractors Pty Ltd - Australia
- Antam Resourcindo - Indonesia
- Indo Tambangraya Megah - Indonesia
- Petron Corporation, Philippines
- ASAPP Information Group - India
- Karaikal Port Pvt Ltd - India
- Meralco Power Generation, Philippines
- The State Trading Corporation of India Ltd
- Malabar Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- McConnell Dowell - Australia
- Salva Resources Pvt Ltd - India
- Chamber of Mines of South Africa
- Merrill Lynch Commodities Europe
- Goldman Sachs - Singapore
- Bulk Trading Sa - Switzerland
- Directorate General of MIneral and Coal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Global Business Power Corporation, Philippines
- PowerSource Philippines DevCo
- Samtan Co., Ltd - South Korea
- Edison Trading Spa - Italy
- Therma Luzon, Inc, Philippines
- Orica Mining Services - Indonesia
- Sindya Power Generating Company Private Ltd
- Deloitte Consulting - India
- Directorate Of Revenue Intelligence - India
- Maheswari Brothers Coal Limited - India
- Madhucon Powers Ltd - India
- San Jose City I Power Corp, Philippines
- White Energy Company Limited
- Savvy Resources Ltd - HongKong
- GMR Energy Limited - India
- Trasteel International SA, Italy
- Miang Besar Coal Terminal - Indonesia
- Indian Oil Corporation Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Commonwealth Bank - Australia
- Banpu Public Company Limited - Thailand
- Attock Cement Pakistan Limited
- Bayan Resources Tbk. - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Sojitz Corporation - Japan
- Global Green Power PLC Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- GVK Power & Infra Limited - India
- Krishnapatnam Port Company Ltd. - India
- Larsen & Toubro Limited - India
- Romanian Commodities Exchange
- Sakthi Sugars Limited - India
- Wilmar Investment Holdings
- Carbofer General Trading SA - India
- SMC Global Power, Philippines
- Formosa Plastics Group - Taiwan
- Mintek Dendrill Indonesia
- Sinarmas Energy and Mining - Indonesia
- Central Electricity Authority - India
- Bhatia International Limited - India
- Dalmia Cement Bharat India
- Bukit Baiduri Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Asam (Persero) Tbk - Indonesia
- Xindia Steels Limited - India
- Chettinad Cement Corporation Ltd - India
- Videocon Industries ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- CIMB Investment Bank - Malaysia
- Energy Link Ltd, New Zealand
- PTC India Limited - India
- Altura Mining Limited, Indonesia
- Australian Commodity Traders Exchange
- Kapuas Tunggal Persada - Indonesia
- Indonesian Coal Mining Association
- South Luzon Thermal Energy Corporation
- Kalimantan Lumbung Energi - Indonesia
- GAC Shipping (India) Pvt Ltd
- Manunggal Multi Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
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