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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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Friday, 27 November 15
FOB RICHARDS BAY COAL SWAPS UP FROM LAST WEEK
COALspot.com: API4 FOB Richards Bay Coal swap for delivery Q1’ 2016 up week over week and month over month.
The Q1’ 2016 swa ...
Thursday, 26 November 15
ITALY'S STEAM COAL IMPORTS EXPECTED TO REACH 16 MILLION TONS AND COKING COAL IMPORTS TO AMOUNT TO 4 MILLION TONS - ASSOCARBONI
ASSOCARBONI LOOKS AT COAL FROM A DIFFERENT ANGLE
- “Coal has made huge steps towards environmental sustainability, making itself t ...
Thursday, 26 November 15
DRY BULK MARKET WILL REBOUND EVENTUALLY, BUT THINGS WILL BECOME EVEN WORSE BEFORE THEY IMPROVE SAYS SHIPBROKER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
As the dry bulk market’s benchmark, the Baltic Dry Index (BDI) reached an all-time late last week and has failed to rebound significantly eve ...
Thursday, 26 November 15
Q3'16 FOB NEWCASTLE COAL SWAP FALLS 27.5% SINCE 20 FEB 2015
COALspot.com: API 5 FOB Newcastle Coal swap for Q1’ 2016 delivery slid $5 per ton (12.05%) month over month to US$ 36.50 per ton. The s ...
Wednesday, 25 November 15
INDIA'S POWER GENERATORS FACE LOW, FALLING UTILISATION RATE - FITCH
COAlspot.com: Fitch Ratings says in a new report that the utilisation rate of India's thermal power generation capacity continued to decline in ...
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- Maharashtra Electricity Regulatory Commission - India
- White Energy Company Limited
- Aboitiz Power Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Thiess Contractors Indonesia
- Ind-Barath Power Infra Limited - India
- Coal and Oil Company - UAE
- Medco Energi Mining Internasional
- Malabar Cements Ltd - India
- Rio Tinto Coal - Australia
- Simpson Spence & Young - Indonesia
- IEA Clean Coal Centre - UK
- Goldman Sachs - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Tata Chemicals Ltd - India
- Renaissance Capital - South Africa
- Trasteel International SA, Italy
- GMR Energy Limited - India
- Wilmar Investment Holdings
- Georgia Ports Authority, United States
- Wood Mackenzie - Singapore
- Vedanta Resources Plc - India
- Oldendorff Carriers - Singapore
- Parry Sugars Refinery, India
- Leighton Contractors Pty Ltd - Australia
- SMC Global Power, Philippines
- Carbofer General Trading SA - India
- Heidelberg Cement - Germany
- Makarim & Taira - Indonesia
- Lanco Infratech Ltd - India
- PTC India Limited - India
- GAC Shipping (India) Pvt Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Xindia Steels Limited - India
- Standard Chartered Bank - UAE
- Energy Link Ltd, New Zealand
- Karaikal Port Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Star Paper Mills Limited - India
- Therma Luzon, Inc, Philippines
- Central Electricity Authority - India
- Kapuas Tunggal Persada - Indonesia
- ICICI Bank Limited - India
- Mintek Dendrill Indonesia
- Anglo American - United Kingdom
- Alfred C Toepfer International GmbH - Germany
- Ministry of Transport, Egypt
- Dalmia Cement Bharat India
- Bharathi Cement Corporation - India
- Energy Development Corp, Philippines
- Merrill Lynch Commodities Europe
- Bhoruka Overseas - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Indika Energy - Indonesia
- VISA Power Limited - India
- Maheswari Brothers Coal Limited - India
- European Bulk Services B.V. - Netherlands
- Minerals Council of Australia
- Bukit Baiduri Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bhushan Steel Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Grasim Industreis Ltd - India
- Chamber of Mines of South Africa
- Bukit Makmur.PT - Indonesia
- SN Aboitiz Power Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Price Waterhouse Coopers - Russia
- Interocean Group of Companies - India
- Singapore Mercantile Exchange
- Baramulti Group, Indonesia
- Central Java Power - Indonesia
- Meralco Power Generation, Philippines
- MS Steel International - UAE
- Cement Manufacturers Association - India
- TeaM Sual Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- The Treasury - Australian Government
- Uttam Galva Steels Limited - India
- Manunggal Multi Energi - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Africa Commodities Group - South Africa
- Asmin Koalindo Tuhup - Indonesia
- LBH Netherlands Bv - Netherlands
- CNBM International Corporation - China
- Indogreen Group - Indonesia
- GVK Power & Infra Limited - India
- Indo Tambangraya Megah - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- IHS Mccloskey Coal Group - USA
- Ceylon Electricity Board - Sri Lanka
- Pendopo Energi Batubara - Indonesia
- Marubeni Corporation - India
- Gujarat Electricity Regulatory Commission - India
- Parliament of New Zealand
- McConnell Dowell - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Independent Power Producers Association of India
- Jaiprakash Power Ventures ltd
- Economic Council, Georgia
- Bayan Resources Tbk. - Indonesia
- Chettinad Cement Corporation Ltd - India
- Altura Mining Limited, Indonesia
- Ambuja Cements Ltd - India
- Metalloyd Limited - United Kingdom
- Meenaskhi Energy Private Limited - India
- Binh Thuan Hamico - Vietnam
- Electricity Generating Authority of Thailand
- Sakthi Sugars Limited - India
- Straits Asia Resources Limited - Singapore
- Deloitte Consulting - India
- Posco Energy - South Korea
- Agrawal Coal Company - India
- Videocon Industries ltd - India
- Eastern Coal Council - USA
- SMG Consultants - Indonesia
- PNOC Exploration Corporation - Philippines
- Sojitz Corporation - Japan
- London Commodity Brokers - England
- Sical Logistics Limited - India
- Edison Trading Spa - Italy
- Salva Resources Pvt Ltd - India
- Larsen & Toubro Limited - India
- Gujarat Sidhee Cement - India
- Electricity Authority, New Zealand
- Ministry of Finance - Indonesia
- South Luzon Thermal Energy Corporation
- Coastal Gujarat Power Limited - India
- Siam City Cement - Thailand
- OPG Power Generation Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Indian Energy Exchange, India
- Globalindo Alam Lestari - Indonesia
- Eastern Energy - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Orica Mining Services - Indonesia
- Siam City Cement PLC, Thailand
- Bangladesh Power Developement Board
- Romanian Commodities Exchange
- Australian Commodity Traders Exchange
- Krishnapatnam Port Company Ltd. - India
- Sree Jayajothi Cements Limited - India
- Ministry of Mines - Canada
- Riau Bara Harum - Indonesia
- Commonwealth Bank - Australia
- Tamil Nadu electricity Board
- Petrochimia International Co. Ltd.- Taiwan
- Formosa Plastics Group - Taiwan
- Planning Commission, India
- Cigading International Bulk Terminal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- Timah Investasi Mineral - Indoneisa
- Borneo Indobara - Indonesia
- Semirara Mining Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Savvy Resources Ltd - HongKong
- Kepco SPC Power Corporation, Philippines
- The University of Queensland
- Sinarmas Energy and Mining - Indonesia
- Vizag Seaport Private Limited - India
- PowerSource Philippines DevCo
- Samtan Co., Ltd - South Korea
- Attock Cement Pakistan Limited
- Sarangani Energy Corporation, Philippines
- Thai Mozambique Logistica
- Semirara Mining and Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Aditya Birla Group - India
- Directorate Of Revenue Intelligence - India
- Port Waratah Coal Services - Australia
- Bulk Trading Sa - Switzerland
- Latin American Coal - Colombia
- Antam Resourcindo - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Indonesian Coal Mining Association
- The State Trading Corporation of India Ltd
- Power Finance Corporation Ltd., India
- Sindya Power Generating Company Private Ltd
- Coalindo Energy - Indonesia
- Mercuria Energy - Indonesia
- Kumho Petrochemical, South Korea
- Petron Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Indian Oil Corporation Limited
- Global Business Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Kideco Jaya Agung - Indonesia
- Iligan Light & Power Inc, Philippines
- San Jose City I Power Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- India Bulls Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- New Zealand Coal & Carbon
- Vijayanagar Sugar Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Holcim Trading Pte Ltd - Singapore
- ASAPP Information Group - India
- Mjunction Services Limited - India
- Australian Coal Association
- AsiaOL BioFuels Corp., Philippines
- Rashtriya Ispat Nigam Limited - India
- Banpu Public Company Limited - Thailand
- Kobexindo Tractors - Indoneisa
- Madhucon Powers Ltd - India
- Toyota Tsusho Corporation, Japan
- Kartika Selabumi Mining - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Bhatia International Limited - India
- Mercator Lines Limited - India
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