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India is beating China in coal exports game

India is beating China in coal exports game | Coal.world | Scoop.it
RohanSomwanshi's insight:

Australia is expected to surpass its annual coal export target in 2015 after its shipments "held up well" during the first half of 2015 despite weaker exports to China. Meanwhile, Indonesian exporters continue to face a heavy seaborne traffic decline in the wake of tighter regulations implemented in China.

 

In the first half of 2015, the seven major coal exporting countries tracked by SNL Energy shipped out 576.3 million tonnes of coal, accounting for 48.5% of the total exports estimated for these countries in 2015, according to data obtained from various sources.

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SNL: Analyst: More bankruptcies needed for coal price recovery as exports tick up | SNL

SNL: Analyst: More bankruptcies needed for coal price recovery as exports tick up | SNL | Coal.world | Scoop.it
RohanSomwanshi's insight:

It will take more bankruptcies in the coal sector and additional production to be taken out of the market before prices can really recover, according to industry experts. Meanwhile, miners around the world have started taking tough steps, including closing mines, in order to return to profitability amid prolonged oversupply seen in the seaborne market.

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SNL: Global seaborne coal exports accelerating as efforts to end supply glut drag on | SNL

SNL: Global seaborne coal exports accelerating as efforts to end supply glut drag on | SNL | Coal.world | Scoop.it
RohanSomwanshi's insight:

Total shipments from the world's seven major coal exporting countries in March jumped from February levels and were up 8.7% from January, showing exports gaining momentum despite a significant oversupply seen in the international seaborne coal markets, an SNL Energy analysis of data obtained from various sources showed.

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SNL: Global coal production cuts reach 141 million tonnes, but supply still coming on | SNL

SNL: Global coal production cuts reach 141 million tonnes, but supply still coming on | SNL | Coal.world | Scoop.it
RohanSomwanshi's insight:

Coal miners worldwide announced roughly 141 million tonnes of production cuts in 2014, with the majority of those coming from China, the U.S. and Australia, but supply rationalization has been "fairly limited" and not enough to offset overall coal output growth seen in the last year, analysts and industry experts say.

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SNL: Global coal export markets brace for challenging year ahead | SNL

SNL: Global coal export markets brace for challenging year ahead | SNL | Coal.world | Scoop.it
RohanSomwanshi's insight:

"We expect U.S. coal exports to continue to face a very challenging environment [in 2015], as the seaborne market remains oversupplied," Kristoffer Inton, an analyst at Morningstar, told SNL Energy. "We don't expect to see any significant change in U.S. market dynamics, but do expect to see more shutdowns of higher cost mines, particularly in the Central Appalachian basin."

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IEA: Global coal demand growth to continue despite policy moves on climate change

IEA: Global coal demand growth to continue despite policy moves on climate change | Coal.world | Scoop.it
RohanSomwanshi's insight:

Due to difficulties realizing energy policy targets in India, the IEA said the country's total thermal and lignite coal demand would grow by 4.7% per year, to 491 million tonnes of coal-equivalent, or Mtce, in 2019 from 372 Mtce in 2013. India will surpass the U.S. as the second-largest thermal and lignite coal consumer in the world, the agency said.

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SNL: US-China agreement on CCS technology vital for CCS deployment, official says | SNL

SNL: US-China agreement on CCS technology vital for CCS deployment, official says | SNL | Coal.world | Scoop.it
RohanSomwanshi's insight:

A Global CCS Institute official says the agreement between the United States and China to work together on carbon capture, usage and storage technology is a positive step forward in efforts to deploy CCS and address climate change around the world, as both countries are leaders in undertaking carbon capture and storage, or CCS, initiatives.

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SNL: China may still continue to drive coal demand, keep export markets robust | SNL

SNL: China may still continue to drive coal demand, keep export markets robust | SNL | Coal.world | Scoop.it
RohanSomwanshi's insight:

At a time when China is restricting coal use and enacting policies to limit coal imports, expectations of miners and traders have grown that India could emerge as the mainstay of global thermal coal demand. Nevertheless, some analysts still believe China will continue to drive the coal market, in part due to the continued dependence of its coal-intensive sectors on the fuel.

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SNL: Global thermal coal exports down in H1'14, but met coal shipments up | SNL

SNL: Global thermal coal exports down in H1'14, but met coal shipments up | SNL | Coal.world | Scoop.it
RohanSomwanshi's insight:

Thermal coal exports from major countries during the first half of 2014 were down 3% year over year, versus a 5% increase in metallurgical coal shipments in the same period even though met coal mine closures have been more prevalent than those for thermal mines in terms of both aggregate tonnage and proportion of the seaborne trade...

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US Selling Coal Mining Rights at Undervalued Prices - Global Issues

US Selling Coal Mining Rights at Undervalued Prices - Global Issues | Coal.world | Scoop.it
WASHINGTON, Feb 05 (IPS) - The U.S. government is violating federal leasing policies when it sells land to certain coal-mining companies, according to a new audit from an official watchdog agency.
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Mining Firms Face New Scrutiny From Regulators Amid Deal Probes - Bloomberg

Mining Firms Face New Scrutiny From Regulators Amid Deal Probes - Bloomberg | Coal.world | Scoop.it
Mining Firms Face New Scrutiny From Regulators Amid Deal Probes Bloomberg For an industry that routinely makes multi-billion dollar deals with developing-world governments and an array of sometimes controversial leaders, the mining sector has been...
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Japan faces strong resistance to accelerated sub - bituminous coal imports - Platts

Japan faces strong resistance to accelerated sub - bituminous coal imports Platts Market players were stirred by an announcement this month by a representative of Chubu Electric Trading that Chubu Electric is trial burning low calorific value coal...
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Australia's Newcastle shrugs off strike, coal exports surge 21% - ICIS (subscription)

Australia's Newcastle shrugs off strike, coal exports surge 21% - ICIS (subscription) | Coal.world | Scoop.it
Australia's Newcastle shrugs off strike, coal exports surge 21% ICIS (subscription) The price of Australian physical coal cargoes continued to slide as weekly coal exports from the port of Newcastle hit a five-month high, despite two eight-hour...
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Major banks end advisory roles, cast doubt over big coal project in Australia

Major banks end advisory roles, cast doubt over big coal project in Australia | Coal.world | Scoop.it
RohanSomwanshi's insight:

The Commonwealth Bank of Australia's "withdrawal from the Adani Carmichael project leaves it hanging by a thread."

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Global coal exports slip in April, but continued growth in seaborne markets seen

Global coal exports slip in April, but continued growth in seaborne markets seen | Coal.world | Scoop.it
RohanSomwanshi's insight:

The world's seven major coal-exporting countries shipped out 92.3 million tonnes of coal in April, a 13% decline from March levels, with the seaborne markets growing at a slower place despite new demand and supply centers opening in the near future.

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SNL: Global coal exports slowed in February with some relief eyed for met coal in 2016 | SNL

SNL: Global coal exports slowed in February with some relief eyed for met coal in 2016 | SNL | Coal.world | Scoop.it
RohanSomwanshi's insight:

Colombia could boost its coal shipments to the Asian-Pacific market after a decline in demand in its traditional markets of the U.S. and Europe. The OCE estimates that the expansion of the Panama Canal could reduce the shipping time by up to 15 days and reduce the cost of shipping to Asia.

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SNL: Global seaborne coal exports to decline in 2015, but not enough to rebalance markets | SNL

SNL: Global seaborne coal exports to decline in 2015, but not enough to rebalance markets | SNL | Coal.world | Scoop.it
RohanSomwanshi's insight:

Coal shipments from seven major exporting countries are expected to decline in 2015 from 2014 levels, but it may be still not enough to allay industry concerns of a widening gap between the demand and supply side, according to forecasts.

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Global coal export volumes on pace to meet forecasts; prices may slowly recover

Global coal export volumes on pace to meet forecasts; prices may slowly recover | Coal.world | Scoop.it
RohanSomwanshi's insight:

Chinese coal imports are expected to remain robust in 2015, despite facing pressure from several environment-friendly policies introduced this year, and such demand from China, as well as India, could boost coal prices in the global seaborne market in the second half of 2015, according to coal analysts.

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India remains 'structural bull story' for seaborne coal market, experts say

India remains 'structural bull story' for seaborne coal market, experts say | Coal.world | Scoop.it
RohanSomwanshi's insight:

Reacting to a minister's statement that India could halt thermal coal imports in the next two to three years, coal experts told SNL Energy that the country remains a "structural bull story for the seaborne thermal coal market" and will continue its reliance on coal imports to meet its growing energy demands.

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SNL: Asia coal-fired capacity to more than double by 2035 boosting coal import demand | SNL

SNL: Asia coal-fired capacity to more than double by 2035 boosting coal import demand | SNL | Coal.world | Scoop.it
RohanSomwanshi's insight:

The amount of coal-fired capacity in major Asia countries is expected to more than double from 2014 through 2035, with China and India continuing to lead the growth, but also with countries like Vietnam building more coal plants despite efforts by developed nations to move away from coal.

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SNL: Overcapacity may continue to disrupt global coal export market for years | SNL

SNL: Overcapacity may continue to disrupt global coal export market for years | SNL | Coal.world | Scoop.it
RohanSomwanshi's insight:

It could take years to clear the oversupply of coal on international markets, as coal producers seem to stray away from making meaningful output cuts and with low-cost mines still making money in the weak pricing environment, sources say.

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Seaborne coking coal prices at lowest since 2009, Standard Bank says

Seaborne coking coal prices at lowest since 2009, Standard Bank says | Coal.world | Scoop.it
The Asian seaborne hard coking coal spot market continued to face a lack of buying interest on Wednesday February 12 as bearish sentiment persisted.
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China Will Increase Coal Consumption Despite Efforts To Reduce Carbon ... - International Business Times

China Will Increase Coal Consumption Despite Efforts To Reduce Carbon ... - International Business Times | Coal.world | Scoop.it
International Business Times
China Will Increase Coal Consumption Despite Efforts To Reduce Carbon ...
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China Plan Puts High-Sulfur Coal From US at Risk - Energy Tribune

China Plan Puts High-Sulfur Coal From US at Risk Energy Tribune China may ban purchases of coal with a heating value below about 4,540 kilocalories a kilogram on a net-as-received basis, sulfur content above 1 percent and ash above 25 percent,...
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DBCT coal exports at 5-month high in May, as Australian terminal hits full ... - Platts

DBCT coal exports at 5-month high in May, as Australian terminal hits full ...
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