Laserfiche WebLink
Case 1:20-bk-12043 Doc 281-1 Filed 08/26/20 Entered 08/26/20 10:01:13 Desc <br />Exhibit A Publications Page 13 of 35 <br />US Coal Market <br />• PRB: PRB 8800 unchanged: September unchanged at $11.80; Q4 2020 unchanged at $11.85; <br />2021 unchanged at $12.00; 2022 unchanged at $12.00; 2023 unchanged at $12.15 and 2024 <br />unchanged at $12.25. <br />• Capp: Capp rail unchanged: September unchanged at $40.00; Q4 2020 unchanged at $40.50; <br />2021 unchanged at $43.00; 2022 unchanged at $44.00; 2023 unchanged at $45.00 and 2024 <br />unchanged at $46.00. <br />• Napp/ILB/CO/UT: No changes today. <br />Coal & Energy Price Report (CEPR) and Inside Coal: Publication Editor, Jim Thompson, has graciously <br />allowed DTC to include an excerpt from his publications. If you would like more information on Energy <br />Publishing, please contact them at 865.584.6294. <br />• Vietnamese steelmaker abandons BF plant development: Vietnamese steel producer Hoa Sen <br />Group has withdrawn from a $10 billion steel plant under construction, which was planned to have <br />multiple blast furnaces with a production capacity of 16 mtpa, due to a glut in Chinese output, <br />slowing demand and environmental protests. <br />Coal Equity <br />• Daily Change: ARCH (down 0.55%), ARLP (down 0.60%), BTU (down 5.54%), CCR (up 1.64%), <br />CEIX (down 3.44%), CTRA (down 4.03%), CSO.V (flat), HCC (down 0.90%), HNRG (up 7.23%), <br />METC (down 0.78%), and NRP (flat). <br />Capp Netback Prices (a positive netback indicates Capp steam coal is theoretically competitive overseas <br />and a negative netback indicates it is theoretically `out -of -the -money') <br />• Sep 2020 Capp Rail Netback Price: ($14.62)/ton; <br />04 2020 Capp Rail Netback Price: ($14.51)/ton; <br />• Q1 2021 Capp Rail Netback Price: ($10.15)/ton; <br />• 2021 Capp Rail Netback Price: ($13.65)/ton; <br />• 2022 Capp Rail Netback Price: ($9.39)/ton; <br />• Capp River/New Orleans Netback: Sep 2020 is ($20.11)/ton; Q4 2020 is ($20.83)/ton; Q1 2021 <br />is ($16.07)/ton; 2021 is ($18.29)/ton; and 2022 is ($14.45)/ton <br />EIA Weekly Production: For the week ended August 8t", estimated US production was 10.4 million short <br />tons (mst), roughly the same as last week (call it about 1.0-1.5 trains less.) Compared to the same week <br />last year, production is down 22.5% and year-to-date using the unadjusted figures for Q2 '20, production <br />is down over 117 mst or -27%. For the week, 59 thousand railcars were loaded, again about the same as <br />last week but down 23.3% YoY. Much of the increased production since the beginning of July has been in <br />the PRB with deliveries from the area rising steadily each week. We have been anticipating this given <br />reasonably good power demand and natgas prices that are finally above $2.00/mmBtu. Production from <br />other regions have also moved higher, but at a much slower pace than the PRB. <br />