SNL: U.S. Coal Exports Fall Again in 2015 as China, India Are Becoming Self-Sufficient

first_imgSNL: U.S. Coal Exports Fall Again in 2015 as China, India Are Becoming Self-Sufficient FacebookTwitterLinkedInEmailPrint分享Ken Silverstein for SNL:“In 2016, you can expect U.S. coal exports to be somewhere between 40 million short tons and 60 million short tons,” says Tom Sanzillo, director of finance for the Institute for Energy Economics and Financial Analysis in New York, in a phone interview. “Asia will account for near zero. That’s because both the metallurgical and thermal markets are down and getting worse.“India and China will be importing less coal for economic and security reasons,” he adds. “They don’t want to be dependent on anyone from the outside. It has negative fiscal and monetary consequences.”Meanwhile, U.S. coal imports remained constant at 11.3 million tons, roughly equal to that of 2014. Eighty-five percent of that is steam, or thermal, coal used to generate electricity. Colombia increased its exports to the U.S. by 8%, the EIA analysis says. Metallurgical coal, used in steelmaking, was mostly imported from Canada, it adds.But could things turn around for the coal export market? According to the EIA, the current global coal market trends are expected to continue, and U.S. coal exports are forecast to decline by an additional 11% in 2016 and by 3% in 2017.Coal imports into China peaked in 2013 and mid-2015, India may have turned corner. That is when coal imports fell by 6%, says the Institute for Energy Economics and Financial Analysis.As for Southeast Asia — and countries such as Indonesia and the Philippines — it may be consuming more coal, but it only accounts for 6% of all globally traded thermal coal, the institute adds. “Southeast Asia will definitely not save the U.S. export market,” says Sanzillo.Full article($): US coal exports fall again in 2015 as China, India are becoming self-sufficientlast_img

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