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US Coal Is Making A Transitory Comeback

US Coal Is Making A Transitory Comeback

Authored by Tsvetana Paraskova via OilPrice.com,

U.S. coal miners, who have already benefited from…

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This article was originally published by Zero Hedge

US Coal Is Making A Transitory Comeback

Authored by Tsvetana Paraskova via OilPrice.com,

  • U.S. coal miners, who have already benefited from rising demand from utilities this year, are in for at least another year of strong sales and cash flows

  • Much higher natural gas prices are making more power generators switch to coal

  • Annual U.S. coal-fired electricity generation is set to rise this year for the first time since 2014

While the U.S. Administration is pushing its green energy agenda and wants to decarbonize the power grid by 2035, coal is making a comeback this year as high natural gas prices incentivize more coal use in electricity generation.

This could be coal’s last hurrah, as the fossil fuel is still set for a continuous decline over the medium and long term, analysts say, amid the global push toward clean energy and the ESG trend that restricts investment and access to finance in the coal industry.  

Still, U.S. coal miners, who have already benefited from rising demand from utilities this year, are in for at least another year of strong sales and cash flows as the much higher natural gas prices this year compared to 2020 are making more power generators switch to coal.

Annual U.S. coal-fired electricity generation is set to rise this year for the first time since 2014, and the share of coal in America’s power generation mix is set to rise to 23 percent in 2021 from 20 percent in 2020 as electricity demand rebounds and the delivered natural gas price for electricity generators more than doubles, according to EIA estimates.

Coal Demand Is Rising Amid High Natural Gas Prices

Rising demand for coal and muted supply response have depleted U.S. coal stocks to their lowest levels since the early 1970s. As utilities scrambled to secure supply ahead of the winter, coal prices in the United States were estimated to have hit last month the highest level since 2009.

The rise of coal this year also highlights a key challenge ahead for the green energy transition: a shift to cleaner energy will not happen overnight and keeping the lights on in America still needs a lot of coal and natural gas, regardless of the U.S. Administration’s long-term policies.  

The U.S. still gets over 60 percent of its electricity generation from fossil fuels, 40 percent of which was natural gas and 20 percent coal in 2020.

This year, the EIA estimates the share of gas dropping to an average of 36 percent from 39 percent last year, but coal’s share rising by 3 percentage points to 23 percent. The share of renewables, including hydropower, is expected to remain basically flat on the year at 20 percent, EIA’s latest Short-Term Energy Outlook showed.

U.S. Coal Stocks Lowest Since the 1970s

“U.S. coal production growth has not kept pace with rising domestic demand for steam coal in the electric power sector and export growth, leading to a draw down in coal inventories held by the electric power sector,” the EIA said in the STEO in November.

Coal inventories at utilities stood in August 2021 at lowest levels since the early 1970s, according to EIA data in its latest Monthly Energy Review.

Stocks are now some two-thirds of the five-year average for this time of year, The Wall Street Journal points out.   

In view of the lowest coal stocks in decades, PJM Interconnection, which coordinates wholesale electricity in all or parts of 13 states and the District of Columbia and serves a fifth of U.S. residents, said in October that until April 1, 2022, it could ask coal-fired plants to conserve stocks and curb operations if their respective remaining resources fall below 10 days worth of supply.

“This would only be implemented to address concerns with local or regional reliability,” PJM said.   

“Christmas Has Come Early” For U.S. Coal Miners

Rising coal demand and the highest coal prices in more than a decade are boosting the profitability of the large U.S. coal miners, which sell their production in advance and are now looking to lock in higher prices for the next two years in negotiations with utilities.  

“I’m reminded of that line, which goes who says Christmas, can’t come a little early. We are now three quarters through having our best year financial and operational performance since we went public,” Randy Atkins, CEO at Ramaco Resources, said on the Q3 earnings call last month.

The U.S. coal industry is almost sold out for 2022 as high natural gas prices have incentivized more coal-fired generation this year.

The outlook of many U.S. coal miners for 2022 and 2023 is positive, although long-term uncertainty over the role of coal is only rising. 

“The reality is, there’s just been very limited investment in new coal production really everywhere domestically and as well as internationally. And as a result, there is a bit of a scramble right now as generators look to find additional volumes with gas prices, as higher as they are at around $5,” Deck Slone, Senior Vice President, Strategy at Arch, said at the end of October.

“Business conditions in the Powder River Basin are temporarily strong on a variety of factors including high natural gas pricing in regions that consume PRB coal that encourages gas-to-coal switching by power generators and various logistical issues present across the region that limits the coal industry’s ability to produce and deliver coal,” Moody’s said in early November when it revised the rating outlook on Arch Resources to positive from stable.

Coal Still On Track For Long-Term Decline

Despite the generally bullish outlook for U.S. coal through 2023, the industry is still set for a decline in the long term due to the push for more renewable energy generation and the ESG investment community shunning fossil fuels, especially coal.   

“Moody’s believes that investor concerns about the coal industry’s ESG profile are still intensifying and, notwithstanding current strength in coal pricing and better debt trading levels, coal producers will be increasingly challenged by access to capital issues in the early-to-mid 2020s,” the rating agency noted.

“Looking forward, the Biden administration’s domestic energy policy agenda, combined with ESG obsessions in Europe and the United States, will most likely continue to restrict growth in fossil fuel production. Absent any significant global demand destruction, we expect fossil fuel prices will remain at elevated levels through next year and into 2023,” Alliance Resource’s CEO Joe Craft said on the Q3 call.  

This year’s rise in coal power generation in the U.S. is unlikely to continue, with generation from coal plants next year expected down by 5 percent from 2021 due to continuing retirements of coal capacity and slightly lower natural gas prices, the EIA says.  

Tyler Durden
Sun, 12/05/2021 – 15:30

Author: Tyler Durden

Energy & Critical Metals

Every Cannabis Product In One Graphic

The cannabis industry is growing by billions every year. This graphic provides an overview of cannabis products and ranks their popularity.
The post Every…


Cannabis and alcohol a side by side comparison Part 2 of 5
5 signs of maturity from the cannabis industry Part 3 of 5
Exploring the untapped potential of CBD 4 of 5
The new cannabis consumer Part 5 of 5

The following content is sponsored by Tenacious Labs.

Every Cannabis Product In One Graphic

There are few markets experiencing growth quite like cannabis, which in 2020 had an additional 7,000 products hit dispensary shelves compared to the year prior. However, for novice cannabis consumers and investors, the different products and their uses can be overwhelming.

This sponsored graphic by Tenacious Labs provides an overview of cannabis products, and is part of a multi-part series that covers different factors affecting the future of cannabis.

Let’s break down cannabis products on the market today.

1. Flower

First, is cannabis flower, which is the ingestible part of the cannabis plant and is the most popular way to consume. It is cultivated, harvested, dried, and cured, as part of the preparation process before making its way to the end consumer. Due to its popularity, it also represents the largest component of the U.S. legal market.

In 2021, some $10.9 billion in dried herb or “buds” were purchased. In addition, pre-rolls generated $2.2 billion, which are pre-rolled products prepared by dispensaries. The psychoactive effects from consuming flower are felt almost instantly, which remains a key appeal.

2. Cartridges, Concentrates, and Extracts

Cannabis concentrates are a growing category which have taken the market by storm in recent years. They come in various forms including raw concentrates, cartridges, and extracts. Preparing them involves removing impurities form the plant, leaving only the desired compounds such as cannabinoids and terpenes.

This highly concentrated form of cannabis results in THC levels of 80-90%, compared to the 10-20% range most commonly found in dry herb flower. Raw concentrates hit $2.2 billion in U.S. legal sales in 2021. And cartridges, which are products intended to be vaped and are typically paired with a battery accessory, were worth $5.1 billion.

The appeals associated with concentrates include a higher dose which results in stronger effects, plus a more discrete experience given they have little to no smell.

3. Edibles

Next, are edibles, where the THC is metabolized by the liver and consumed through infused food and drinks. This leads to an different experience relative to inhaling. For example, the euphoric or psychoactive effects typically last much longer and can take 1-2 hours to kick in.

The legal U.S. edibles market is growing fast. It recorded revenues of $2.3 billion in 2021 but is expected to reach a value of $8.5 billion by 2027. These growth prospects have not gone unnoticed, in fact, the alcohol industry is betting big on cannabis. As of late, waves of investments and acquisitions are occurring targeting cannabis-infused beverages.

A key driver of growth comes from the health conscious consumer who may want to avoid the smoking process altogether.

4. Topicals and Others

Last are topicals and other products. Topicals are CBD-infused non-psychoactive products like lotions, balms, and oils. These are gaining notoriety for their wellness properties including the relief of pain, soreness, and inflammation. However, the market remains relatively modest, with a market value of $200 million. Furthermore, the topicals market appeals to those not interested in any psychoactive effects, and is particularly popular amongst women and pet owners.

Other products include papers, pipes, batteries, and all other accessories, which also provide notable revenues and opportunities.

Measuring Market Share of Cannabis Products

With all these products in mind, let’s take a look at market share. Although edibles, vapes, and concentrates have risen tremendously in value over the years, flower still remains number one, representing 43% of legal sales, followed by cartridges at 20.3% market share.

Product Market Share (%) Market Value ($B)
Flower 43.4% $10.9B
Cartridges 20.3% $5.1B
Edibles 9.2% $2.3B
Concentrates 8.8% $2.2B
Pre-rolls 8.8% $2.2B
Topicals 0.8% $0.2B
Accessories 8.8% $2.2B

Seasonality also plays a role in cannabis consumption. Since dry flower tends to be consumed outdoors, the data shows that it loses market share during the cold winter months.

The Next Chapter

Cannabis products have come a long way from their early days when variety was considered a choice between an indica or sativa strain. As the industry develops and more money is injected into the space, we should see product innovation accelerate even further.

The post Every Cannabis Product In One Graphic appeared first on Visual Capitalist.

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Energy & Critical Metals

Portable Ultrasound Equipment Market Insights, Leading Key Players And Top Factors Driving 2021–2028

Get Sample Report   Purchase Complete Report Now Global Portable Ultrasound Equipment Market research is an intelligence report with meticulous efforts…

Market Research

Global Portable Ultrasound Equipment Market research is an intelligence report with meticulous efforts undertaken to study the right and valuable information. The data which has been looked upon is done considering both, the existing top players and the upcoming competitors. Business strategies of the key players and the new entering market industries are studied in detail. Well explained SWOT analysis, revenue share and contact information are shared in this report analysis. It also provides market information in terms of development and its capacities. 

MR Accuracy Reports crafted the report, titled Global Portable Ultrasound Equipment Market 2021 is a methodical research study based on the Portable Ultrasound Equipment Market , analyzing the competitive framework of the industry in the world. Using efficient analytical tools such as SWOT analysis and Porter’s five forces analysis, the report provides a comprehensive assessment of the Portable Ultrasound Equipment Market . Our big research team were able to captured all-important chapters in the final report as they have been striving towards it.

Download Free PDF Sample Report with Complete TOC and Figures & Graphs (with covid 19 Impact Analysis): https://www.mraccuracyreports.com/report-sample/498884

Portable Ultrasound Equipment refers to the device use the ultrasound technology, which is a kind of medical ultrasound devices with portable superiority comparing with general big ultrasound devices in the hospital.

The report forecast global Portable Ultrasound Equipment market to grow to reach xxx Million USD in 2020 with a CAGR of xx% during the period 2021E-2026F due to coronavirus situation.

The report offers detailed coverage of Portable Ultrasound Equipment industry and main market trends with impact of coronavirus. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Portable Ultrasound Equipment by geography. The report splits the market size, by volume and value, on the basis of application type and geography.

First, this report covers the present status and the future prospects of the global Portable Ultrasound Equipment market for 2016-2025.

And in this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru].

At the same time, we classify Portable Ultrasound Equipment according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.

Finally, the report provides detailed profile and data information analysis of leading Portable Ultrasound Equipment company.

Key Content of Chapters as follows (Including and can be customized) :

Part 1:

Market Overview, Development, and Segment by Type, Application & Region

Part 2:

Company information, Sales, Cost, Margin etc.

Part 3:

Global Market by company, Type, Application & Geography

Part 4:

Asia-Pacific Market by Type, Application & Geography

Part 5:

Europe Market by Type, Application & Geography

Part 6:

North America Market by Type, Application & Geography

Part 7:

South America Market by Type, Application & Geography

Part 8:

Middle East & Africa Market by Type, Application & Geography

Part 9:

Market Features

Part 10:

Investment Opportunity

Part 11:

Conclusion

Market Segment as follows:

By Region

Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]

Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]

North America[United States, Canada, Mexico]

Middle East & Africa[GCC, North Africa, South Africa]

South America[Brazil, Argentina, Columbia, Chile, Peru]

Key Companies

Guangtong Chemical

KINGAN Hi-Tech

Orient Zirconic Ind Sci & Tech

Shenhua Group

Billions Chemicals

YiXing Xinxing Zirconium

Dingsheng Zirconium

Market by Type

Optimal level

A level

O levels

Market by Application

Traditional Type Zirconium Products

New Type Zirconium Products

Metal Type Zirconium Products

Others

Get Exclusive Discount on this report: https://www.mraccuracyreports.com/check-discount/498884

Key questions answered in the report include:

  • What will be the market size and the growth rate by the end of the forecast period?
  • What are the key Global Portable Ultrasound Equipment Market trends impacting the growth of the market?
  • What are the potential growth opportunities and threats faced by the leading competitors in the market?
  • What are the key outcomes of Porter’s five forces analysis and the SWOT analysis of the key players functioning in the Global Portable Ultrasound Equipment Market?
  • This report gives all the information regarding industry Overview, analysis and revenue of this market.
  • What are the market opportunities and threats faced by the vendors in the Global Portable Ultrasound Equipment Market?

If you have any special requirements, please let us know and we will offer you the report as you want

You can buy the complete report @ https://www.mraccuracyreports.com/checkout/498884

About Us:

MR Accuracy Reports’ well-researched inputs that encompass domains ranging from IT to healthcare enable our prized clients to capitalize upon key growth opportunities and shield against credible threats prevalent in the market in the current scenario and those expected in the near future. Our research reports arm our clients with macro-level insights across various key global regions that equip them with a broader perspective to align their strategies to capitalize on lucrative growth opportunities in the market.

Contact Us:
MR Accuracy Reports,
USA: +1 804 500 1224
UK: +44 741841 3666
ASIA: +91 747888728100
Email: [email protected]   
Website: https://www.mraccuracyreports.com

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Energy & Critical Metals

Business SIP Phones Market 2021 Leading Players:

Get Sample Report   Purchase Complete Report Now Global Business SIP Phones Market research is an intelligence report with meticulous efforts undertaken…

Global Business SIP Phones Market research is an intelligence report with meticulous efforts undertaken to study the right and valuable information. The data which has been looked upon is done considering both, the existing top players and the upcoming competitors. Business strategies of the key players and the new entering market industries are studied in detail. Well explained SWOT analysis, revenue share and contact information are shared in this report analysis. It also provides market information in terms of development and its capacities. 

MR Accuracy Reports crafted the report, titled Global Business SIP Phones Market 2021 is a methodical research study based on the Business SIP Phones Market , analyzing the competitive framework of the industry in the world. Using efficient analytical tools such as SWOT analysis and Porter’s five forces analysis, the report provides a comprehensive assessment of the Business SIP Phones Market . Our big research team were able to captured all-important chapters in the final report as they have been striving towards it.

Download Free PDF Sample Report with Complete TOC and Figures & Graphs (with covid 19 Impact Analysis): https://www.mraccuracyreports.com/report-sample/496950

Business SIP Phones are also called VoIP Phones or Softphones. These are telephones that use VoIP technologies for making calls over both an IP Network or the traditional PSTN networks.

The report forecast global Business SIP Phones market to grow to reach xxx Million USD in 2020 with a CAGR of xx% during the period 2021E-2026F due to coronavirus situation.

The report offers detailed coverage of Business SIP Phones industry and main market trends with impact of coronavirus. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Business SIP Phones by geography. The report splits the market size, by volume and value, on the basis of application type and geography.

First, this report covers the present status and the future prospects of the global Business SIP Phones market for 2016-2025.

And in this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru].

At the same time, we classify Business SIP Phones according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.

Finally, the report provides detailed profile and data information analysis of leading Business SIP Phones company.

Key Content of Chapters as follows (Including and can be customized) :

Part 1:

Market Overview, Development, and Segment by Type, Application & Region

Part 2:

Company information, Sales, Cost, Margin etc.

Part 3:

Global Market by company, Type, Application & Geography

Part 4:

Asia-Pacific Market by Type, Application & Geography

Part 5:

Europe Market by Type, Application & Geography

Part 6:

North America Market by Type, Application & Geography

Part 7:

South America Market by Type, Application & Geography

Part 8:

Middle East & Africa Market by Type, Application & Geography

Part 9:

Market Features

Part 10:

Investment Opportunity

Part 11:

Conclusion

Market Segment as follows:

By Region

Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]

Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]

North America[United States, Canada, Mexico]

Middle East & Africa[GCC, North Africa, South Africa]

South America[Brazil, Argentina, Columbia, Chile, Peru]

Key Companies

Proquimac

Emerald Hilton Davis

Precheza

Sachtleben

Kemira Pigments Oy

PARSHWANATH DYESTUFF INDUSTRIES

Jianghu Titanium White

Hongyuan

Market by Type

<98%

98%-99%

>99%

Market by Application

Candy

Yogurt

Jelly

Pill

Capsule

Toothpaste

Medical Tape

Get Exclusive Discount on this report: https://www.mraccuracyreports.com/check-discount/496950

Key questions answered in the report include:

  • What will be the market size and the growth rate by the end of the forecast period?
  • What are the key Global Business SIP Phones Market trends impacting the growth of the market?
  • What are the potential growth opportunities and threats faced by the leading competitors in the market?
  • What are the key outcomes of Porter’s five forces analysis and the SWOT analysis of the key players functioning in the Global Business SIP Phones Market?
  • This report gives all the information regarding industry Overview, analysis and revenue of this market.
  • What are the market opportunities and threats faced by the vendors in the Global Business SIP Phones Market?

If you have any special requirements, please let us know and we will offer you the report as you want

You can buy the complete report @ https://www.mraccuracyreports.com/checkout/496950

About Us:

MR Accuracy Reports’ well-researched inputs that encompass domains ranging from IT to healthcare enable our prized clients to capitalize upon key growth opportunities and shield against credible threats prevalent in the market in the current scenario and those expected in the near future. Our research reports arm our clients with macro-level insights across various key global regions that equip them with a broader perspective to align their strategies to capitalize on lucrative growth opportunities in the market.

Contact Us:
MR Accuracy Reports,
USA: +1 804 500 1224
UK: +44 741841 3666
ASIA: +91 747888728100
Email: [email protected]   
Website: https://www.mraccuracyreports.com

Continue Reading

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