Insight
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7 Pages

Where next for JPU pricing?


Where next for JPU pricing?

Report summary

In this insight, we have analysed supply, demand and costs of typical JPU-type supply and present a forecast of JPU prices.  The premium will stay high in the short-term: global oversupply persists but for JPU-type supply, availability is decreasing.  The premium declines over the mid-term as supply increases from new projects with high quality bituminous coal, but increases to almost US$10/t by 2035 (JPU price of US$121/t in real US$2013).

What's included?

This report includes 2 file(s)

  • Where next for JPU pricing? PDF - 594.20 KB 7 Pages, 2 Tables, 5 Figures
  • WM Coal Insight Thermal Trade Where next for JPU pricing 11 Dec.xls XLS - 1.68 MB

Description

This Coal Insight report highlights the key issues surrounding this topic, and draws out the implications for those involved.

Participants, suppliers and advisors can use it to look at the trends, risks and issues within the coal industry and gain an alternative point of view when making decisions.

Wood Mackenzie is the only coal industry service provider that offers a market outlook integrated with other sector analyses, including macroeconomics, coal supply, steel markets and gas and power markets.

Our coal analysts are based in the markets they analyse. They work with objective, proprietary data to help you maximise your current and future decision making. From market dynamics to trade patterns, we give you confidence in your strategic planning.

  • Executive Summary
  • JPU contracts: long period of price setting
    • Typical JPU contract volumes (Mt)
    • The Delta – JPU contract versus FOB Newcastle spot (US$/t)
  • Development of the high ash market: what it means for Asia-Pacific pricing
  • Japanese power generation: how long until “normal” returns
  • JPU pricing: the future

In this report there are 7 tables or charts, including:

  • Executive Summary
  • JPU contracts: long period of price setting
    • Where next for JPU pricing?: Table 1
    • Where next for JPU pricing?: Table 2
    • JPU contract and FOB Newcastle spot price relationship (US$/t)
    • Where next for JPU pricing?: Image 2
  • Development of the high ash market: what it means for Asia-Pacific pricing
    • Growth of High Ash Market from Australia: 2007-2013
  • Japanese power generation: how long until “normal” returns
  • JPU pricing: the future
    • JPU typical supply availability and Japan’s declining share of the Asia-Pacific high-bituminous market
    • Price forecast, US 2013 US$/t
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