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.
Not exact matches
U.S.
coal exports to Asia have also risen in recent months as ailing U.S. mining companies search for alternatives to the weak
domestic market.
22nd September 2017 According to South African rail, port and pipeline company Transnet, increasing rail capacity in South Africa is critical for unlocking
coal export opportunities, both for neighbouring African countries and for the
domestic market.
This pattern is already taking shape around the globe with U.S. and Australian
coal companies coping with shrinking
domestic markets by planning to export huge amounts of
coal to India and China.
Faced with a shrinking
domestic market, many
coal companies are taking advantage of a growing export
market.
As
domestic demand increases for both thermal and metallurgical
coal, China is expected to curtail exports, possibly expanding
markets for other regional players like India, Australia and Indonesia.
$ 8 billion) over first ten years for deficit reductionObeys PAYGO; Starting in 2026, 25 % of auction revenues for deficit reductionFuels and TransportationIncrease biofuels to 60 million gallons by 2030, low - carbon fuel standard of 10 % by 2010, 1 million plug» in hybrid cars by 2025, raise fuel economy standards, smart growth funding, end oil subsidies, promote natural gas drilling, enhanced oil recoverySmart growth funding, plug - in hybrids, raise fuel economy standards $ 7 billion a year for smart growth funding, plug - in hybrids, natural gas vehicles, raise fuel economy standards; offshore drilling with revenue sharing and oil spill veto, natural gas fracking disclosureCost ContainmentInternational offsetsOffset pool, banking and borrowing flexibility, soft price collar using permit reserve auction at $ 28 per ton going to 60 % above three - year - average
market price» Hard» price collar between $ 12 and $ 25 per ton, floor increases at 3 % + CPI, ceiling at 5 % + CPI, plus permit reserve auction, offsets like W - MClean Air Act And StatesNot discussedOnly polluters above 25,000 tons of carbon dioxide equivalent a year, regional cap and trade suspended until 2017, EPA to set stationary source performance standards in 2016, some Clean Air Act provisions excludedOnly polluters above 25,000 tons of carbon dioxide equivalent a year, regional cap and trade pre-empted, establishes
coal - fired plant performance standards, some Clean Air Act provisions excludedInternational CompetitivenessTax incentives for
domestic auto industryFree allowances for trade - exposed industries, 2020 carbon tariff on importsCarbon tariff on importsReferences: Barack Obama, 2007; Barack Obama, 8/3/08; Pew Center, 6/26/09; leaked drafts of American Power Act, 5/11/10.
This doesn't receive much attention in the U.S. because our
coal market is essentially disconnected from global
markets and the
domestic trend is quite the opposite.
Despite the low price currently fetched for
coal overseas, Eaves said the company expects the international
market to improve even as
domestic demand for
coal recedes.
In New Zealand, most
coal mining to date has been for the
domestic market, primarily thermal power stations in the North Island and the Glenbrook Steel mill.
Most countries have a
domestic supply or can easily and affordably access it on the seaborne
market and therefore they have confidence in
coal supply.
The industry's plan B, to export production to assumed perennial growth
markets in Asia, has also floundered amid a global
market awash with supply from other countries and weak demand; Chinese
coal consumption fell nearly 3 % in 2014 while India, the world's third largest buyer, says it may stop imports of thermal
coal in the next three years With
domestic markets collapsing and no lifeline from abroad, 264 [1] US mines were closed between 2011 and 2013.
Arch
Coal claims to supply 16 % of the
domestic market [3].
Despite Michael Bloomberg's best efforts, and the
market economics working against it,
coal could still make a small come back, though, especially if Trump rigs the rules of the game in favour of
coal by re-writing US
domestic power rules and slashing solar tariffs.
[deleted sentence] Indonesia's
coal exports account for between 70 and 80 percent of total
coal production, while the remainder is sold on the
domestic market.
Synapse's work related to
coal power also includes evaluating
coal plant emissions,
markets for
domestic coal, subsidies received by the
coal industry, and the lifecycle costs and impacts of
coal power compared to other energy sources.
The rapid displacement of
coal in the US
domestic market has seen US producers try and switch to exporting, but that window is already starting to close.
In addition to the local impact on marine life and coastlines in the Northwest, building the Bellingham
coal terminal and others like it would provide access to the vast Asian
market for big
coal companies in the U.S. that are losing
domestic market share to cleaner - burning natural gas and green energy.
Financial backer Goldman Sachs pulled out of the project in 2014; since then,
domestic and overseas
coal markets have continued their precipitous decline.