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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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Sunday, 06 December 15
DESPITE TEMPTING NEWBUILDING PRICES, CONTRACTING IN DRY BULK REMAINS LOW - BIMCO
The current newbuilding prices for dry bulk ships has dropped so much that they just passed the lows of 2012 heading downwards and are now at the l ...
Friday, 04 December 15
FOB INDONESIA COAL SWAPS ARE ALMOST FLAT OVER WEAK DEMAND
COALspot.com: Indonesian coal swaps for delivery Q1 2016 declined month on month and rose slightly week over week. Coal prices seen very margi ...
Friday, 04 December 15
COAL PRODUCTION IN THE U.S. FOR W/E NOVEMBER 28TH FELL SLIGHTLY FROM THE PREVIOUS WEEK
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 15.0 million shor ...
Friday, 04 December 15
MINING OUTLOOK WEAKENS FURTHER ON FALLING CHINESE DEMAND - FITCH
COALspot.com: Fitch Ratings' outlook for the global mining sector in 2016 is firmly negative, reflecting our view that Chinese demand will cont ...
Thursday, 03 December 15
DRY BULK: THERMAL COAL LOWER USAGE UNDER A POTENTIAL NEW CLIMATE DEAL WILL ADVERSELY IMPACT THE MARKET'S RECOVERY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
In direct contrast to the tanker market, the dry bulk one has seen demand for key commodities, such a coal, dwindling down over the course of the p ...
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- Jindal Steel & Power Ltd - India
- Anglo American - United Kingdom
- Rio Tinto Coal - Australia
- Holcim Trading Pte Ltd - Singapore
- Indian Oil Corporation Limited
- Price Waterhouse Coopers - Russia
- The Treasury - Australian Government
- Power Finance Corporation Ltd., India
- India Bulls Power Limited - India
- Parry Sugars Refinery, India
- ICICI Bank Limited - India
- ASAPP Information Group - India
- Binh Thuan Hamico - Vietnam
- Bharathi Cement Corporation - India
- Central Java Power - Indonesia
- Star Paper Mills Limited - India
- Indika Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Essar Steel Hazira Ltd - India
- Cement Manufacturers Association - India
- Toyota Tsusho Corporation, Japan
- Intertek Mineral Services - Indonesia
- Jaiprakash Power Ventures ltd
- Parliament of New Zealand
- New Zealand Coal & Carbon
- Chamber of Mines of South Africa
- SMC Global Power, Philippines
- Coastal Gujarat Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Altura Mining Limited, Indonesia
- Xindia Steels Limited - India
- Commonwealth Bank - Australia
- Uttam Galva Steels Limited - India
- Borneo Indobara - Indonesia
- Minerals Council of Australia
- GVK Power & Infra Limited - India
- SMG Consultants - Indonesia
- Antam Resourcindo - Indonesia
- PTC India Limited - India
- Siam City Cement - Thailand
- GN Power Mariveles Coal Plant, Philippines
- Marubeni Corporation - India
- Mintek Dendrill Indonesia
- Krishnapatnam Port Company Ltd. - India
- Standard Chartered Bank - UAE
- VISA Power Limited - India
- Videocon Industries ltd - India
- Gujarat Mineral Development Corp Ltd - India
- South Luzon Thermal Energy Corporation
- Makarim & Taira - Indonesia
- Meralco Power Generation, Philippines
- Global Green Power PLC Corporation, Philippines
- Energy Development Corp, Philippines
- Savvy Resources Ltd - HongKong
- Grasim Industreis Ltd - India
- Independent Power Producers Association of India
- Carbofer General Trading SA - India
- Timah Investasi Mineral - Indoneisa
- Mjunction Services Limited - India
- SN Aboitiz Power Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Deloitte Consulting - India
- Vedanta Resources Plc - India
- Thiess Contractors Indonesia
- Sojitz Corporation - Japan
- Mercator Lines Limited - India
- Aboitiz Power Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Banpu Public Company Limited - Thailand
- The University of Queensland
- Vizag Seaport Private Limited - India
- Bukit Makmur.PT - Indonesia
- Gujarat Sidhee Cement - India
- International Coal Ventures Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Attock Cement Pakistan Limited
- Siam City Cement PLC, Thailand
- Global Coal Blending Company Limited - Australia
- PetroVietnam Power Coal Import and Supply Company
- Latin American Coal - Colombia
- Electricity Authority, New Zealand
- Wood Mackenzie - Singapore
- Merrill Lynch Commodities Europe
- Oldendorff Carriers - Singapore
- Jorong Barutama Greston.PT - Indonesia
- CIMB Investment Bank - Malaysia
- Orica Australia Pty. Ltd.
- Maheswari Brothers Coal Limited - India
- Ministry of Finance - Indonesia
- Edison Trading Spa - Italy
- Vijayanagar Sugar Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Baramulti Group, Indonesia
- London Commodity Brokers - England
- Leighton Contractors Pty Ltd - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Madhucon Powers Ltd - India
- Mercuria Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indo Tambangraya Megah - Indonesia
- Kumho Petrochemical, South Korea
- Metalloyd Limited - United Kingdom
- Economic Council, Georgia
- Global Business Power Corporation, Philippines
- Indian Energy Exchange, India
- Directorate Of Revenue Intelligence - India
- OPG Power Generation Pvt Ltd - India
- Eastern Coal Council - USA
- Ambuja Cements Ltd - India
- Indonesian Coal Mining Association
- Billiton Holdings Pty Ltd - Australia
- Gujarat Electricity Regulatory Commission - India
- Petron Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Posco Energy - South Korea
- Sakthi Sugars Limited - India
- Manunggal Multi Energi - Indonesia
- Australian Coal Association
- Bangladesh Power Developement Board
- Miang Besar Coal Terminal - Indonesia
- White Energy Company Limited
- Formosa Plastics Group - Taiwan
- Aditya Birla Group - India
- Kohat Cement Company Ltd. - Pakistan
- Kideco Jaya Agung - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Directorate General of MIneral and Coal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Coalindo Energy - Indonesia
- Port Waratah Coal Services - Australia
- LBH Netherlands Bv - Netherlands
- IEA Clean Coal Centre - UK
- Straits Asia Resources Limited - Singapore
- Lanco Infratech Ltd - India
- Renaissance Capital - South Africa
- European Bulk Services B.V. - Netherlands
- Kepco SPC Power Corporation, Philippines
- Tata Chemicals Ltd - India
- Sical Logistics Limited - India
- Karaikal Port Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Therma Luzon, Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Electricity Generating Authority of Thailand
- Africa Commodities Group - South Africa
- Goldman Sachs - Singapore
- GMR Energy Limited - India
- PNOC Exploration Corporation - Philippines
- Agrawal Coal Company - India
- Orica Mining Services - Indonesia
- Georgia Ports Authority, United States
- Dalmia Cement Bharat India
- Bhoruka Overseas - Indonesia
- Medco Energi Mining Internasional
- Kartika Selabumi Mining - Indonesia
- Ministry of Mines - Canada
- Kobexindo Tractors - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Semirara Mining Corp, Philippines
- McConnell Dowell - Australia
- Riau Bara Harum - Indonesia
- MS Steel International - UAE
- Indogreen Group - Indonesia
- The State Trading Corporation of India Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Romanian Commodities Exchange
- IHS Mccloskey Coal Group - USA
- Bayan Resources Tbk. - Indonesia
- Samtan Co., Ltd - South Korea
- Tamil Nadu electricity Board
- Eastern Energy - Thailand
- Alfred C Toepfer International GmbH - Germany
- CNBM International Corporation - China
- Australian Commodity Traders Exchange
- Planning Commission, India
- PowerSource Philippines DevCo
- Simpson Spence & Young - Indonesia
- Bulk Trading Sa - Switzerland
- Heidelberg Cement - Germany
- Pipit Mutiara Jaya. PT, Indonesia
- Singapore Mercantile Exchange
- Thai Mozambique Logistica
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Pendopo Energi Batubara - Indonesia
- San Jose City I Power Corp, Philippines
- Energy Link Ltd, New Zealand
- TeaM Sual Corporation - Philippines
- Central Electricity Authority - India
- Bhushan Steel Limited - India
- Ind-Barath Power Infra Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Rashtriya Ispat Nigam Limited - India
- Cigading International Bulk Terminal - Indonesia
- Coal and Oil Company - UAE
- Wilmar Investment Holdings
- Maharashtra Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- Kaltim Prima Coal - Indonesia
- Sindya Power Generating Company Private Ltd
- GAC Shipping (India) Pvt Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Trasteel International SA, Italy
- Ministry of Transport, Egypt
- Globalindo Alam Lestari - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Malabar Cements Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bhatia International Limited - India
- Interocean Group of Companies - India
- Barasentosa Lestari - Indonesia
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