Much of global coal production is used in the country in which it was produced; only around 15 % of hard coal production is destined for the
international coal market.
By any measure, this is a huge quantity of coal, with a corresponding major effect
on coal markets.
In fact, I think you should send this to everyone you know, show them how ridiculous this
clean coal marketing has actually become.
China remains a towering presence
in coal markets, but our projections suggest that coal use peaked in 2013 and is set to decline by almost 15 % over the period to 2040.
Changes in China, whether in policy or economic circumstances, feed volatility in
global coal markets given its sheer size and dominance in global trade.
The IEA's Medium - Term
Coal Market Report 2015, slashed its five - year estimate of global coal demand growth by more than 500 million tonnes of coal equivalent (Mtce) in recognition of the tremendous pressures facing the market.
Deutsche Bank coal analysts say in a separate report that this would blow a hole in the global
seaborne coal market and send thermal coal prices towards $ 70 / tonne.
Coal consumption will climb to 4.32 billion tons of oil equivalent by 2017, nearly matching oil consumption of about 4.4 billion, the Paris - based agency said in its first Medium -
Term Coal Market Report.
«We take stock
of coal market developments in 2017 and find that while U.S. production did recover slightly, it had nothing to do with a change in federal policy,» Rhodium Group analysts wrote in a recent note.
The idea was to move more aggressively into Appalachian coal, banking on exports to compensate for the collapsing
US coal market.
FOLLOWING more than a decade of aggressive growth, global coal demand has stalled, the International Energy Agency, IEA, said in its
Annual Coal Market Report, released last week.
To my mind this reveals why the binding path under the Framework Convention on Climate Change was always bound to fail — as long as
big coal markets grow bigger in countries excluded from obligations and prosperous countries are happy to provide.
About 54 local jobs will be axed when RCR Tomlinson shuts down 14 operations across the country, with the company seeking to significantly reduce its exposure to the
depressed coal market.
Ongoing strength in steel demand has contributed to a considerable tightening of the
coking coal market.
Teck also produces zinc, copper, and lead, but in recent years
volatile coal markets have been the biggest wild card.
It's clear that the Chinese and
Indian coal market decisions will have an impact on our electricity bills.»
There was also a record decline in global coal production, driven by low prices globally and then mining controls in China, which
saw coal markets rally.
The U.S.
underground coal market historically is important to Joy Global but the increase in natural gas production and consumption for power has hurt that part of the business.
Platts Asia coal team discusses in detail the latest price trends in the Chinese
domestic coal market, focusing on two new daily Platts thermal coal price assessments.
Ending its report with the tagline «China is coal, coal is China,» the IEA sees that country as determining the course of the global
coal market over the next five years.
West Virginia Coal Association President Bill Raney echoed similar remarks last week when speaking at the Annual
Coal Marketing Days Conference on September 26 in Pittsburgh.
Not to be overlooked: The 31 per cent year - over-year decline in U.S. coal production in January, which suggests that the second
largest coal market in the world is likewise transforming faster than almost any forecast.
Through the bankruptcy process, each company is deleveraging and rationalizing operations in order to adjust to the exceedingly
competitive coal markets.
Financial backer Goldman Sachs pulled out of the project in 2014; since then, domestic and
overseas coal markets have continued their precipitous decline.
This coal is finding its way into the international
coal markets further expanding the gap between supply and demand.»
China could become a net exporter of coal again before 2020, which would see the seaborne thermal
coal market weakened again, the report finds.
However,
tight coal markets due to infrastructure constraints and soaring pulverized coal plant costs look too much like past «binges» that have benefited neither consumers nor the environment.
Advised a
major coal marketing company on a force majeure event impacting over a hundred individual sales and contracts.
«It will not affect the
international coal market in any way,» German climate economist Reimund Schwarze tells Pacific Standard via email, explaining that the CPP rules targeted mostly inferior, high - emissions coal in a market that's already been depressed by cheap oil and gas prices.
Jaime Concha and Jacqueline Holman, associate editors for Platts International Coal Report, discuss how US thermal coal exports are bearing down on the Atlantic and Pacific
seaborne coal markets.
Coal's share of the global energy mix continues to rise, and by 2017 coal will come close to surpassing oil as the world's top energy source, the International Energy Agency (IEA) said today as it released its annual Medium -
Term Coal Market Report (MCMR).
Amid concern about the impact of Chinese uncertainty
on coal markets, the report offers a Chinese Slowdown Case.
The company even specified in a June 2013 presentation to the Wyoming Infrastructure Authority Breakfast that its business plan is to «Take competitive advantage of an undervalued
US coal market.»
It's a «myth that Jamie Dimon is a good risk manager,» she said, noting that a couple of years ago J.P. Morgan lost «hundreds of millions» due to speculative derivative trading in which they «monopolized the entire
global coal market.»
In the high - stakes fisticuffs for the remaining carbon budget, a price on carbon quickly leaves King Coal flat on the mat in the world's second -
biggest coal market.
This can only spell bad news for exporters betting on China propping up the seaborne
thermal coal market in the future,» said James Leaton, Carbon Tracker's head of research.
China has cornered the
world coal market and to be over exposed to it in future would be stupid.
With many coal mining companies seeking for Chapter 11 bankruptcy, Arch Coal may also join the list considering its current debt and
coal market conditions The fall in coal prices has caused many mining companies including Walter Energy, Inc. (OTCMKTS: WLTGQ), Alpha Natural Resources, Inc. (OTCMKTS: ANRZQ), Patriot Coal Corporation (OTCMKTS: PCXCQ) and others to file for chapter 11 bankruptcy.
Coal exports from Seattle, Washington have also risen sharply in recent years as significant coal production in the Powder River Basin seeks access to growing
Asian coal markets.
Global demand for coal should remain nearly flat between 2017 and 2022, resulting in a decade of stagnation for coal consumption, according to the International Energy Agency's
annual coal market report.
China remains a towering presence
in coal markets, but our projections suggest that coal use peaked in 2013 and is set to decline by almost 15 % over the period to 2040.
Richard Morse, an analyst
of coal markets, climate policy and China at Stanford University, offered a long response to Pope's thoughts and the initial discussion of coal exports that is also posted separately.
Phrases with «coal market»