Posted: April 9th, 2013 | Author: Pascal Blanc | Filed under: Electricity, Energy, Natural Gas, Shale gas | Tags: japan, japan LNG, LNG, LNG futures, LNG market | No Comments »
Japan, the world’s biggest importer of LNG, pays about $18 per British thermal units, versus$10 in Europe and $3~4 in the U.S. It is tired of paying such a price for a resource that has become so important. So Japan is preparing to launch the first LNG futures market.
The low price in the U.S. is due to the shale gas boom in the country and to the fact that the gas does not need to be liquefied. In Europe, there are spot markets for LNG which constantly take into account the state of supply and demand.
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Posted: October 17th, 2012 | Author: Rod Sherkin | Filed under: Electricity, Steel | Tags: electrical steel coil, grain-oriented electrical steel coil, steel coil | No Comments »
According to MetalMiner IndX℠ data, grain-oriented electrical steel coil prices and electrical steel coil surcharges per metric ton have both been consistently declining over the past half-year, and the GOES coil price per ton as of September 2012 is the lowest it’s been since June 2006.
David Hartquist, an international trade lawyer and a partner at Kelley Drye & Warren LLP who represents SSINA, cited a large percentage increase for grain-oriented electrical steel so far this year.
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Posted: July 6th, 2012 | Author: Pascal Blanc | Filed under: China, Electricity, Energy | Tags: china, coal | No Comments »
In Chinese ports, coal stocks accumulate and are currently at the highest level since autumn 2008, at the beginning of the global economic crisis. In mid-June, 9.46 million tons of coal were stored, for a total capacity of Chinese ports just above 10 million tonnes.
Due to the global economic slowdown, Chinese factories are running at lower capacity, leading to lower electricity and coal consumption. The growing power need has fallen sharply in recent months, but coal imports remained unchanged.
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Posted: March 15th, 2012 | Author: Rod Sherkin | Filed under: Electricity, Energy, Natural Gas | Tags: electricity, energy | No Comments »
Temperatures around the U.S. have been as high as 65 degrees Fahrenheit (19.4 Celsius) above normal in the past week, with 400 record highs set yesterday, said Laura Furgione, deputy director of the National Weather Service.
Warmer temperatures across the U.S. in the last three months has “decimated the market” for natural gas, said Stephen Schork, president of Schork Group in Villanova, Pennsylvania, and reduced the need for all types of energy for heating. The trend is expected to continue through May in the eastern U.S. as well as the Southwest.
via Warmth Expected Across U.S. for Next Three Months, U.S. Says – Bloomberg.
Posted: January 22nd, 2012 | Author: Rod Sherkin | Filed under: Electricity, Energy, Natural Gas | Tags: electricity, natural gas | No Comments »
Mirroring the gas market, wholesale electricity prices have dropped more than 50 percent on average since 2008, and about 10 percent during the fourth quarter of 2011, according to a Jan. 11 research report by Aneesh Prabhu, a New York-based credit analyst with Standard & Poor’s Financial Services LLC.
Prices in the west hub of PJM Interconnection LLC, the largest wholesale market in the U.S., declined to about $39 per megawatt hour by December 2011 from $87 in the first quarter of 2008.
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