Thursday, 15 Apr 2010
Reuters reported that coal stockpiles at US power plants rose 1.7% this week but were 1.8% smaller than last year at this time.
Genscape said that US generators, which rely on coal to fuel about half of US electricity output, had 60 days worth of coal on hand as of Monday. But power companies averaged one less day of coal stockpiled than the same week of 2009.
Genscape said that record spring warmth followed by cooler weather combined with competitive gas prices to shape the data. So did production controls by mining companies which reacted to slack demand. Power generators as of Monday had 161.4 million tons of coal, up from 158.7 million tons stockpiled on April 5 but down from 164.5 million tons the same week last year.
WSI Corp weather service said that "The big weather story of the past seven days would have to be the record warmth across the eastern half of the nation.” That boosted power demand for cooling, but then a cold front swept across the nation from west to east at the end of last week, boosting demand for heating.
Genscape has said that inventories typically grow in spring and autumn when demand for heating and cooling drops. Stockpiles shrink in summer and winter when demand for climate control rises. Mathematical rounding sometimes affects the results, overstating some changes and understating others. The numbers reflect adjustments to the Genscape model and restatement of inventories for early 2009 due to distortions caused by unprecedented substitution of gas for coal in that period.
(Sourced from Reuters)
Review: http://www.steelguru.com/news/index/MTQxMzUz/US_coal_stores_up_by_more_than_1pct_for_week_-_Genscape.html
Genscape said that US generators, which rely on coal to fuel about half of US electricity output, had 60 days worth of coal on hand as of Monday. But power companies averaged one less day of coal stockpiled than the same week of 2009.
Genscape said that record spring warmth followed by cooler weather combined with competitive gas prices to shape the data. So did production controls by mining companies which reacted to slack demand. Power generators as of Monday had 161.4 million tons of coal, up from 158.7 million tons stockpiled on April 5 but down from 164.5 million tons the same week last year.
WSI Corp weather service said that "The big weather story of the past seven days would have to be the record warmth across the eastern half of the nation.” That boosted power demand for cooling, but then a cold front swept across the nation from west to east at the end of last week, boosting demand for heating.
Genscape has said that inventories typically grow in spring and autumn when demand for heating and cooling drops. Stockpiles shrink in summer and winter when demand for climate control rises. Mathematical rounding sometimes affects the results, overstating some changes and understating others. The numbers reflect adjustments to the Genscape model and restatement of inventories for early 2009 due to distortions caused by unprecedented substitution of gas for coal in that period.
(Sourced from Reuters)
Review: http://www.steelguru.com/news/index/MTQxMzUz/US_coal_stores_up_by_more_than_1pct_for_week_-_Genscape.html
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