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Covering the Americas coal supply and markets, both coking and thermalCoal Americas
Energy Publishing, LLCIssue No. 124 June 25, 2007Hill's Spot Steam Price IndicatorJun22 Jun8 May25 U.S. Exports in 2007Australia 65.00 53.65 53.106,400 Kcal/kg Australia's pain could translate into China 72.00 71.00 72.906,300 Kcal/kg the U.S.'s gainIndonesia 60.20 55.90 54.60 While the outlook for imported coal may be flat this year, U.S. coal 6,300 Kcal/kg exports have certainly sprung to life. The U.S. exported 4.37 mil-Poland 66.50 64.30 64.606,300 Kcal/kg lion tonnes of coal in April, up by 1.23 million tonnes over the same Russia (Baltic) 65.30 61.70 62.20 month in 2006, according to statistics from the U.S. Census Bureau.6,300 Kcal/kgRussia (Pacific) 70.40 69.75 70.00 For January-April, U.S. exports total 14.4 million tonnes, up 1.64 6,300 Kcal/kg million tonnes from the previous year. Current market indicators South Africa 59.80 53.35 49.006,300 Kcal/kg suggest this trend is likely to deepen in the second half of this year. Colombia (Eur) 54.30 54.30 54.35 Demand for metallurgical coal on the international market is ex-6,300 Kcal/kg tremely high. However, cargoes of Northern and Central Appala-Colombia (US) 43.70 43.70 44.5011,300 Btu/lb chian thermal coal, (generally 2.0% or higher in sulfur content) are Venezuela 63.42 59.33 59.28 increasingly finding their 12,600 Btu/lb way to Europe. CONSOL U.S. COAL EXPORTS BY COAL TYPEMARKET ACTIVITY Energy and brokers like January-April 2007Storms and flooding at Australia's Port of Newcastle has sent thermal prices Integrity Coal Sales are ??????????????? ??rocketing upward in both the Asian and setting the pace for U.S. ???European markets. While operations at thermal coal exports.Newcastle are getting back on track there Australia's infrastructure are reports that another severe storm could be approaching. The Port of Newcastle problems in Queensland estimates that it will lose 2.0 million tonnes and New South Wales of export volume, a big hit to Asia, which combined with China's ??????? ????????is wrangling with China's withdrawal as a ??? ???thermal exporter and its new role as a net new status as a net coal importer. The difference between Colom- importer has the Asia Pa-bian spot prices in the European and U.S. cific thermal coal market market is quite stark. Coal type Quantity FAS Value Avg. Price in a quandary. Supplies (Mt) US$1000 US$Hill's Met Coke Price Indicator are extremely tight. To a Anthracite 74,584 5,213 69.89Apr May Jun22 significant degree, Indone- Met Coal 8,265,407 827,157 100.07China 207.50 233.00 281.0012.0-12.5% ash sian producers have tried Thermal 3,621,632 214,872 59.33China 221.50 249.50 298.00 to fill the void, but are un- Other 2,466,971 68,520 27.7710.5% ash TOTAL 14,428,594 1,115,764 77.33Japan 195.00 220.00 270.00 able to do so completely. 12.0% ash Please see Exports, page 2All prices US$/tonne FOB port of departure Source: U.S. Census BureauCoal Americas Exports, continued from page 1a fortnightly publicationbrought to you by Indian cement makers are tapping South Africa for thermal coal Energy Publishing, LLC to compensate for the withdrawal of Chinese product from the Energy international market.Publishing is an affiliate of Japanese and South Korean utilities may have to follow suit if Hill & Associates, Inc. contract volume with China plummets to new lows this year as expected.ONE-YEAR SUBSCRIPTIONUS$1,150/year U.S. and Canada "I can't say that dynamics in the Asian thermal coal market are US$1,200/year elsewhere helping to fuel U.S. sales to Europe," a trader told Coal Americas. Information contained in Coal Americas "I think the Europeans just see a good deal. You have to remem-is compiled from sources believed to be reliable. No guarantee of accuracy or ber that Colombia is introducing about 10 million tonnes of new completeness is made. Persons relying on this information do so at their sole risk. volume to the international market this year so even if some No liability shall be accepted by Energy South African coal gets diverted to Asia, it would take a while for Publishing or its employees. the Europeans to get into panic mode."PUBLISHERS Where metallurgical coal is concerned, Australia's pain does Forrest Hill, Jeff Watkins, Daniel Walton, John Hanou and appear to be the U.S.'s gain. As a general rule, European steel Lloyd Kelly producers are purchasing more U.S... [download for more]
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