EIA projections US coal manufacturing to go down 2.7% on year in 2020Posted by Farrell Welch on January 13th, 2021 The US Power Details Management forecast coal production amounting to 688 million st in 2019, down 2.7% from the year-ago production, the EIA's Short-Term Energy Overview reported Tuesday.Fine_chemical for 2019 result was up 0.6% from July's projection, and the very first rise in 4 months. The 2020 projection enhanced, as well, from the prior month's forecast by 1.8% and the EIA now forecasts 651 million st in output following year. This was the greatest 2020 result projection considering that March when the EIA forecast about 664 million st following year. Coal exports for this year were projected to complete 100 million st in the August record, up 4.1% from the July report and also the first time the export forecast has reached 100 million st or above because April. From 2018 exports, the EIA projects a 13.5% decline. In 2020, the EIA forecast 90.4 million st of exports, down 9.6% from the 2019 forecast as well as up 3% from the previous month's forecast. August was the very first time in 5 months the EIA boosted its 2020 export projection. Power industry intake was anticipated to complete simply over 538 million st this year, down 15.5% from 2018 usage, and also regarding 525 million st next year, down 2.3% from the 2019 projection. Overall US consumption was anticipated to be 589 million st in 2019, down 14.4% from the previous year. The EIA 2020 projection was about 576 million st, down 2.3% from the 2019 projection. Compared with United States coal-powered generation of 27.4% in 2018, the EIA forecasted coal generation share of 24% in 2019 and also 24% in 2020, both flat from the previous month's projection. Natural gas generation's share for 2019 was forecasted to be 37% in one of the most current STEO, down one portion factor from the July projection. The 2020 generation forecast was 36%, below July's forecast of 37%, as well as the second time the gas power share forecast has actually dropped month over month because the December 2018 STEO. The EIA projection gas manufacturing at 91 Bcf/d for 2019 in August, which would be up 9.2% from 2018 manufacturing, while the 2020 projection was 92.5 Bcf/d, up 1.6% from the 2019 forecast. specialty chemicals industry was forecasted to be 30.57 Bcf/d, up 3.7% from 2018 consumption, and also 29.56 Bcf/d in 2020, down 3.3% year on year. Like it? Share it! More by this author |