Posted: Thu May 08, 2008 3:02 pm Post subject: Re: outage slams metal prices
smallpoxgirl wrote:
That was an aspect of the metal theft issue I hadn't really contemplated...that the economic damage from it could be several hundred fold of the actual material loss.
Always is. It is so much easier to break something than it is to put it back together.
Joined: Nov 15, 2007 Posts: 236 Location: US East Coast
Posted: Fri May 09, 2008 6:40 am Post subject: Re: outage slams metal prices
Short,
Thanks for the graph, interesting.
Then there is the news piece about coal in short supply at India's "thermal" plants. I guess that means electric? Not sure.
Coal situation worsens at thermal stations
Chinese demand eating into imports
Anil Sasi
Advertisement
New Delhi, May 8 Coal reserves at power stations have hit a record low.
Nearly a third of the country’s thermal stations are now reported to be facing “critical stocks”, where coal stocks are expected to last less than seven days.
Of the 77 thermal stations in the country, 25 have now been bracketed as having “critical stocks”, of which 13 are reported to be “super critical”, with precariously low levels of coal stocks of under four days, according to the Government’s latest data on coal stock positions at power stations (up to May 5).
While a coal shortage has been brewing since the beginning of last year, domestic production is unlikely to be ramped up significantly in the near future. The import option is increasingly getting tougher as China, which is also facing low domestic reserves and acute power shortage, has stepped up coal purchases internationally.
Global price rising
The resultant rise in the global spot prices of coal, which have shot up to over $140 per tonne in Australia and above $125 per tonne in South Africa, could further stymie plans by Indian utilities to use imported coal to tide over shortages.
NTPC, which has 15 coal-fired stations, has already reported loss of generation in four stations due to coal shortages last fiscal, with the Farakka’s plant load factor dipping 4.66 per cent, and Kahalgaon, Talcher and Vindhyachal stations reporting partial outages.
Import plan
“We are currently managing on a day-to-day basis at some stations. A decision has already been taken to double imports to 5 million tonnes in 2008-09,” an NTPC official said.
Stations currently facing “super-critical” stocks include a number of super-thermal stations, including NTPC’s Ramagundam, Kahalgaon and Farakka stations.
Lower coal production by Coal India Ltd, higher than anticipated power generation at some stations and unloading constraints at others, combined with lower imports, have compounded the problem further.
Thermal stations are normally expected to hold coal stocks of between 15 and 30 days, with pithead stations expected to have stocks of 15 days or more, while others are expected to have stocks of 21-30 days.
Related Stories: _________________ When going through hell, keep going! Churchill
Nothing is ever lost by courtesy. It is the the cheapest of pleasures, costs nothing, and conveys much. E Wiman
I know there’s no solution, so I just enjoy what’s here and I enjoy the journey G Carlin
Joined: Jun 13, 2007 Posts: 3357 Location: Minniesotuh
Posted: Fri May 09, 2008 7:35 am Post subject: Re: outage slams metal prices
A house down the street from me has bright shiny copper caps on each of the wooden posts of its backyard fence.
I always check to see if they are still there when I do an errand. _________________ "RRrrruuuunnnn!!!" ~Apocalypto
Joined: Sep 16, 2004 Posts: 4280 Location: Southwest WI
Posted: Fri May 09, 2008 8:23 am Post subject: Re: outage slams metal prices
There is a large fancy house not to far from here with copper roofing in spots. A large ladder, a couple of tools and its gone.
One of these would work wonders far any scrap metal thief...
28volts of LiON... _________________ "Oil is going up because we use too much oil, and the capacity to replace reserves is dwindling"
-President Bush 11/07/07
Joined: Jun 13, 2007 Posts: 3357 Location: Minniesotuh
Posted: Fri May 09, 2008 9:06 am Post subject: Re: outage slams metal prices
Manhole covers latest target of metal thieves
The Associated Press 05/06/2008
LONG BEACH, Calif.—Dozens of 150-pound manhole covers stolen in Long Beach are apparently being taken to recyclers by metal thieves.
About 50 of the cast-iron lids have been stolen in the past eight months, 17 of them last week.
Long Beach Water Department spokesman Ryan Alsop says the thefts are apparently the work of a team. The 20- to 24-inch wide manhole covers fetch about $10 apiece when sold to metal recycling companies.
Two motorists whose cars were damaged when they hit an open manhole have filed claims with the city.
Watch out for manmade potholes! _________________ "RRrrruuuunnnn!!!" ~Apocalypto
Posted: Fri May 09, 2008 11:48 am Post subject: Re: outage slams metal prices
Newfie wrote:
Then there is the news piece about coal in short supply at India's "thermal" plants. I guess that means electric? Not sure.
Quote:
New Delhi, May 8 Coal reserves at power stations have hit a record low.
Nearly a third of the country’s thermal stations are now reported to be facing “critical stocks”, where coal stocks are expected to last less than seven days.
Of the 77 thermal stations in the country, 25 have now been bracketed as having “critical stocks”, of which 13 are reported to be “super critical”, with precariously low levels of coal stocks of under four days, according to the Government’s latest data on coal stock positions at power stations (up to May 5).
"Thermal" can mean coal, gas or oil, in this case it does mean coal.
Joined: Nov 15, 2007 Posts: 236 Location: US East Coast
Posted: Fri May 09, 2008 1:21 pm Post subject: Re: outage slams metal prices
Ferretlover wrote:
Manhole covers latest target of metal thieves
The Associated Press 05/06/2008
LONG BEACH, Calif.—Dozens of 150-pound manhole covers stolen in Long Beach are apparently being taken to recyclers by metal thieves.
About 50 of the cast-iron lids have been stolen in the past eight months, 17 of them last week.
Long Beach Water Department spokesman Ryan Alsop says the thefts are apparently the work of a team. The 20- to 24-inch wide manhole covers fetch about $10 apiece when sold to metal recycling companies.
Two motorists whose cars were damaged when they hit an open manhole have filed claims with the city.
Watch out for manmade potholes!
They might be using them as mooring anchors. Probably get a better buck than for scrap and you hide the evidence by using it. _________________ When going through hell, keep going! Churchill
Nothing is ever lost by courtesy. It is the the cheapest of pleasures, costs nothing, and conveys much. E Wiman
I know there’s no solution, so I just enjoy what’s here and I enjoy the journey G Carlin
Joined: Apr 28, 2005 Posts: 3450 Location: West shore Lake Eire, MI, USA
Posted: Fri May 09, 2008 6:57 pm Post subject: Re: outage slams metal prices
idiom wrote:
Which reminds me, why don't you guys ever polish that thing? It's not supposed to be green. It's Copper! Is meant to be shiny.]
Maybe New York just prefers the colour of money?
That issue sparked quite a debate when they rebuilt her for the 100th aniversery, they decided keeping the Patina was a better choice as most people now alive were used to seeing her that way instead of bright and coppery as she was when orriginally assembled. _________________ Oxygen: - An intensely habit-forming accumulative toxic substance. As little
as one breath is known to produce a life-long addiction to the gas, which addiction invariably ends in death.--Isaac Asimov
Joined: Nov 15, 2007 Posts: 236 Location: US East Coast
Posted: Mon May 12, 2008 3:26 pm Post subject: Re: outage slams metal prices
And in Nova Scotia from CBCnews.ca
RCMP investigating a metal theft in Annapolis County have found a lengthy trail of evidence.
Metal bandits used an excavator to dig up an old water line between Cornwallis Park and Moose River — the equivalent of 1.6 kilometres of iron pipe.
"We've had a lot of copper piping stolen, electrical wire stolen, but nothing to this extent. I'm not aware of anybody actually in the province having to investigate such a large theft of [iron]," said Const. Dale Guy, with Annapolis RCMP.
The theft along an abandoned railway line happened sometime earlier this month.
Investigators only learned about it after residents complained about the late-night racket. A check with the municipality and the Department of Natural Resources revealed no official project was underway.
Guy said an unsuspecting scrap metal dealer in Marshalltown paid more than $20,000 for the stolen load.
"He was just an honest businessman trying to make a living and in good faith purchased the large amount of piping. Unfortunately, now he may be out a considerable amount of money, and I guess if there's any restitution as such hopefully down the road the courts may see fit to authorize that," Guy said.
Metal thieves hoping to cash in on soaring metal prices have hit a number of targets in Nova Scotia, including power lines and substations, and cemeteries and ballparks.
The provincial government plans to crack down on the sale of stolen scrap metal by requiring dealers to keep records of who they buy from. Police would then have access to those documents for their investigations.
Guy said there are two suspects in the Annapolis County case, but he said RCMP need more time to interview witnesses before charges are laid. _________________ When going through hell, keep going! Churchill
Nothing is ever lost by courtesy. It is the the cheapest of pleasures, costs nothing, and conveys much. E Wiman
I know there’s no solution, so I just enjoy what’s here and I enjoy the journey G Carlin
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