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Friday, 16 September 16
U.S. WEEKLY COAL OUTPUT DECLINED 6.2% TO 15.1 MMST, SAYS EIA
 COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 15.1 million short tons (mmst) of coal in a week (For the week ended September 10, 2016), EIA said in its latest report.
According to EIA’s latest report, this production estimate is 6.2% lower than last week's estimate and 14.5% lower than the production estimate in the comparable week in 2015.
East of the Mississippi River produced totalled an estimated 5.5 mmst (down 5.17% week over week) and west of the Mississippi River produced totalled an estimated 9.6 mmst (down 5.88% week over week), according to weekly figures released by the US Energy Information Agency (EIA), on September 15, 2016.
U.S. year-to-date (as of September 10, 2016) coal production totalled an estimated 485.1 mmst, 24% lower than the comparable year-to-date coal production in 2015.
According to EIA, U.S. coal production in August was 71 million short tons (MMst), an 6 MMst (9%) increase from the previous month but 12 MMst (14%) lower than in August 2015. In 2016, coal production is expected to decrease by 164 MMst (18%), which would be the largest decline in terms of both tons and percentage since at least 1949.
U.S's domestic coal consumption in the electric power sector, which accounts for more than 90% of total U.S. coal consumption, is forecast to decline by 64 MMst (9%) in 2016, says
EIA in its recent report.
EIA, further noted that, the decline is a result of both competition with low-priced natural gas and relatively mild weather in the first half of 2016 that reduced overall electricity generation.
Coal Exports
According to EIA's Quarterly Coal Report, the first quarter 2016 U.S. coal exports (14.2 million short tons) decreased 7.5% from fourth quarter 2015 and decreased 35.6% from first quarter 2015. However, the EIA’s Short-term energy outlook noted that, U.S. Coal exports in June 2016 were 1 MMst (29%) higher than in the previous month, but exports for the first six months of 2016 were 32% (13 MMst) lower than the amount exported in the first half of 2015.
EIA forecasts that, the U.S. coal exports to decline by 19 MMst (25%) in 2016 to 55 MMst, the lowest level in 10 years. Exports are expected to decline by 4 MMst (8%) in 2017.
Coal Imports
EIA further says in its Quarterly Coal Report, continued to import coal primarily from Colombia (81.2%), Canada (8.9%), and Indonesia (7.4%). U.S. coal imports in first quarter 2016 totaled 2.7 million short tons. The average price of U.S. coal imports during the first quarter 2016 was $63.97 per short ton.
Source: EIA
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Wednesday, 21 September 16
SHIPPING MARKET INSIGHT - PANOS MAKRINOS
Amidst a challenging dry bulk and tanker market, very little time has been spent on the offshore industry developments during the past couple of ye ...
Monday, 19 September 16
AFTER YEARS OF COMA, COAL BECOMES THE MOST ATTRACTIVE COMMODITY RIGHT NOW
COALspot.com: China boosted coal imports in recent months. The Chinese government’s drive to cut over capacity pushed up the demand for therm ...
Monday, 19 September 16
THE CAPE INDEX WAS UP 7.28% WEEK OVER WEEK
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities declined and ending in a slightly negative note this past ...
Friday, 16 September 16
GLOBAL SHIPBUILDING: THE CHALLENGE TO REMAIN 'ACTIVE' - CHRISTOPHER PEARCE, CLARKSONS
The number of ‘active’ shipyards globally has more than halved since the start of 2009, falling to around 400 shipyards at the start of ...
Thursday, 15 September 16
INDONESIA MAY FACE A COAL CRISIS BY 2035!
COALspot.com: Indonesia is the world’s fourth-largest coal producer and the world’s largest thermal coal exporter may face a coal crisi ...
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- Bukit Asam (Persero) Tbk - Indonesia
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- Bank of Tokyo Mitsubishi UFJ Ltd
- SMG Consultants - Indonesia
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- Pipit Mutiara Jaya. PT, Indonesia
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- Independent Power Producers Association of India
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- Africa Commodities Group - South Africa
- Kideco Jaya Agung - Indonesia
- International Coal Ventures Pvt Ltd - India
- CNBM International Corporation - China
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- Toyota Tsusho Corporation, Japan
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- Indian Energy Exchange, India
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- TNB Fuel Sdn Bhd - Malaysia
- Electricity Generating Authority of Thailand
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- Deloitte Consulting - India
- Siam City Cement - Thailand
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- Leighton Contractors Pty Ltd - Australia
- Bulk Trading Sa - Switzerland
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- IEA Clean Coal Centre - UK
- Gujarat Electricity Regulatory Commission - India
- Binh Thuan Hamico - Vietnam
- Commonwealth Bank - Australia
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- Planning Commission, India
- The State Trading Corporation of India Ltd
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- Mercator Lines Limited - India
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- Trasteel International SA, Italy
- London Commodity Brokers - England
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- PTC India Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- European Bulk Services B.V. - Netherlands
- Australian Coal Association
- CIMB Investment Bank - Malaysia
- Makarim & Taira - Indonesia
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- GVK Power & Infra Limited - India
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- Sarangani Energy Corporation, Philippines
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- Uttam Galva Steels Limited - India
- Ceylon Electricity Board - Sri Lanka
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- Meenaskhi Energy Private Limited - India
- Parry Sugars Refinery, India
- Cigading International Bulk Terminal - Indonesia
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- Orica Australia Pty. Ltd.
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- Merrill Lynch Commodities Europe
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- Singapore Mercantile Exchange
- Simpson Spence & Young - Indonesia
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- Siam City Cement PLC, Thailand
- Parliament of New Zealand
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- SN Aboitiz Power Inc, Philippines
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- Power Finance Corporation Ltd., India
- The Treasury - Australian Government
- Kartika Selabumi Mining - Indonesia
- Indonesian Coal Mining Association
- Larsen & Toubro Limited - India
- Edison Trading Spa - Italy
- Mjunction Services Limited - India
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- Minerals Council of Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- LBH Netherlands Bv - Netherlands
- Ministry of Mines - Canada
- Attock Cement Pakistan Limited
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