Tuesday, June 25, 2013

Coal prices remained weak

The global economy that is still plagued by uncertainty and environmental issues make the prestige of coal commodity prices dimmed.

Discourse of the Environmental Protection Agency (EPA), which contains the proposed standard leveling coal power plant emissions with natural gas, considered to be detrimental to the coal producers, particularly in the United States (U.S.), because it is quite difficult to realize.

The U.S. Energy Administration agency said, the use of coal to generate electricity continues to drop in recent years. Last year, the allocation of coal for generating electricity usage in the U.S. fell to 37% from 2010's 45%. In 2005, the use of coal as a power plant is 50%.

Global demand for coal is also on the wane. One reason for this is because of the increasing number of alternative energy sources is maximized.

China and India had been the largest importer of coal. However, since winter ended, those countries tend to maximize hydroelectric power (hydropower plant). It's because the Chinese government has to impose new emissions standards on six industry-related caused by pollution in China is considered high.

Currently, India is still the only largest importer. Meanwhile, the coal supplies from producing countries such as the United States (U.S.), Australia, Indonesia and South Africa increasingly accumulate. Demand from India till now is quite stable, at least able to sustain the coal price movements so as not increasingly worse.

Until the end of 2013, the decline in coal production from producer countries will still happen, coal price is estimated to exist in the range U.S. $ 86.00 - U.S. $ 90.00 per ton.

for Indonesia Market Summaries

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