Tag Archives for coal
London (Platts)–13 Jun 2018
Premium coking coal prices have surged again, boosting their premiums second-tier HCC and PCI.
On March 23, the TSI HCC FOB Australia was 2.6% below the premium benchmark, the narrowest gap seen to date this year.
Mid-tier PCI spot prices were at a 68.65% relativity to Premium HCC on Wednesday, and an average of 75% in May.
Mid-tier PCI may be used for injection, and in the coke blend, lending a tight differential with prices for low-vol PCI spot assessments, which were at a $1/mt premium over mid-tier PCI on average in May.
SOPOT, POLAND (June 6, 2018) – Atlantic Basin coking coal prices lifted higher Tuesday, especially for premium grade material, on renewed tightness in Australia and stronger spot demand to restock in China and India with such grades.
A problem with a vessel loader at Abbot Point, Queensland, along with tighter railing availability in Queensland through the critical Goonyella line, were talking points in the market.
Any move to buy more US coal may be limited by general coverage in contracts, and higher volumes committed into buyers, or held for regular inquiries.
High-vol B tightness and steady contract demand may limit attempts to cover gaps in supplies out of Australia with higher quality US high-vol A, mid-vol and other coals.
By Terry Jarrett
Williamson Daily News
Coal is in the news again, thanks to the Trump Administration. But this time there’s a new wrinkle. The administration is aiming for a high-tech approach that could appeal to climate change activists looking to secure realistic reductions in carbon dioxide (CO2) emissions.
The Department of Energy (DOE) has announced that it is considering investment in the development of small-scale, “modular” coal plants that some are calling the power plants of the future. These compact generating stations can achieve extremely high energy efficiencies, and would be doubly clean when paired with new, cutting-edge systems to enhance the capture of exhaust emissions.
It’s clear that President Trump is standing behind his commitment to revitalize America’s coal sector. But technological advances are emerging that may indeed validate his decision – including an array of systems to fine-tune the trapping of exhaust gases and particulate matter.
To date, America’s coal fleet has invested more than $122 billion on such specialized “scrubbing” equipment. But coal could transition further into the realm of high-tech now that “Super-critical” and “Ultra-supercritical” power plants are coming online to burn coal at far higher temperatures. Under such intense heat and pressure, coal burns more efficiently, yielding lower CO2 emissions per kilowatt generated.
By Matthew Daly
WASHINGTON (June 4, 2018) – Energy Secretary Rick Perry on Monday defended President Donald Trump’s call to bolster coal-fired and nuclear power plants, saying a rash of plant retirements is “alarming” and poses a looming crisis for the nation’s power grid.
Experts disagree and say Trump is attempting to solve a problem that doesn’t exist.
In a speech in Austin, Texas, Perry said coal and nuclear plants “are retiring at an alarming rate that, if unchecked, will threaten our ability to recover from intentional attacks and natural disasters.”
“The president is right to view grid resilience as a serious national security issue,” Perry said at a conference on cybersecurity.
By Ben Sharples
The heat is on in the global coal market.
Prices of Newcastle coal are at the highest level since 2012 after surging 24 percent since mid-April to $112.05 a metric ton on Thursday as China maintains robust demand during unseasonably hot weather. Despite measures imposed by the top user to cool soaring domestic prices, international miners are on a roll after a five-year downturn that shuttered mines and cost jobs.
China’s power producers have been challenged by extreme weather in 2018, from a cold snap in January to a heatwave in May, draining stockpiles. The nation has boosted coal imports by 8.2 percent to 121 million tons in the first five months this year even as policymakers imposed restrictions on some shipments. Australian cargoes bound for China jumped to an all-time high in April.
By Betsy Monseu, CEO
American Coal Council
There is no question that the future is brighter for our nation’s coal industry.
Changes in policy, regulations, and markets are contributing to a stronger domestic coal industry. The U.S. economy is growing again. Global economic activity is increasing. The business prospects of other countries that use our coal for electricity, steel-making, and other industrial purposes are better. U.S. coal exports are up a whopping 70 percent year-to-date through September 2017.
By Roger Bezdek, for the U.S. Department of Energy
(WASHINGTON) – The U.S. coal industry is distressed, and the fate of U.S. coal mining regions and jobs figured prominently in the 2016 Presidential election. EIA forecasts that coal will continue to decrease as a source of U.S. electricity production through 2050. The economic and societal costs of coal mine closures are large, and the decline of the coal industry has taken a heavy toll. For example, the increased poverty associated with coal job losses is startling, and in some eastern Kentucky counties poverty rates exceed 30% and child poverty rates approach 50%.
WASHINGTON, DC, October 9, 2017– The American Coal Council welcomes the announcement by EPA Administrator Scott Pruitt that he plans to sign a proposed rule on Tuesday “to withdraw the so-called Clean Power Plan” previously issued under the Obama administration. Pruitt made the announcement today while visiting coal country in Hazard, Kentucky. He also once again took the opportunity to declare an end to the war on coal.
HOUSTON — Coal exports from terminals in Virginia’s Hampton Roads region totaled 2.77 million st in July, up 3.4% from the prior month and up 61.7% from the year-ago month, according to the Virginia Maritime Association.
Exports rose as both low volatility hard coking coal and European-delivered thermal coal prices ticked up compared with June levels.
S&P Global Platts assessments of HCC metallurgical coal averaged $156/mt FOB US East Coast in July, up from $144.93/mt the prior month, and Platts assessments of CIF ARA delivered thermal coal averaged $83.49/mt, up from $79.48/mt in June.
NEW YORK — A group representing power generators across the European Union warned that the bloc’s plans to limit the use of coal may backfire, encouraging utilities to seek returns on new fossil-fuel plants instead of putting money into clean energy.
European Commission is considering a law that would effectively block many coal-fired plants from getting support payments under the region’s capacity market, which is intended to ensure steady supplies of electricity when the wind isn’t blowing and the sun isn’t shining.