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Saturday, 23 March 13
WORLD COAL TRADE FIRST PASSES 1 BILLION TONS IN 2012 - VEREIN DER KOHLENIMPORTEURE E.V
 Press Release: Hard coal imports to Germany on the previous year's level in spite of regenerative energies. Imports for power plants at an all-time high.
The Verein der Kohlenimporteure e.V. performed an initial preliminary assessment of the development of the global hard coal market and the German import hard coal market based on comprehensive evaluations and own calculations.
The final figures can only be published in the annual report of the VDKi at the middle of the year. Managing Director of the VDKi, Dr Erich Schmitz, on this: "We want to contribute to objectification of the energy politics debate with figures, data, facts and backgrounds. For decision makers in the industry and energy management, not only the development of regenerative energies but mainly that of hard coal on the global market, in Europe and in Germany is of great interest".
Global Hard Coal Production
The global hard coal production should have exceeded the 7 Billion tons threshold for the first time in total. According to the VDKi, this development is essentially influenced by unimpaired production in Australia after the problems caused for months by flooding of Queensland in 2011. The VDKi believes that this led to an increase of production by 35-40 M t.
China likely also increased its production by another 50 to 60 M t for power generation in Chinese power plants. Apart from this, the image of the main production countries differs: South Africa could increase production by 8 to 10 M t and Colombia by 4-6 M t. Additionally, there are considerable new productions from Mongolia and Mozambique. In other countries, such as Indonesia, in contrast, hard coal production stagnates. Frequent reasons for this are strong rains that lead to temporary failure of production.
The production in the USA has clearly reduced. In consideration of the competition for the cheap shale gas, various hard coal deposits and high inner-American transport costs, there is hardly any chance to economically produce coal. Added to this are stricter environmental provisions that lead to partial relocation of power generation from old coal-fired power plants to gas-fired power plants near the shale-gas deposits. The reduction on the US home market was partially compensated for by greater exports. Due to the quantity pressure, steam coal was partially sold below the spot market price, which in turn had a price-dampening effect on the global market price. Germany hard coal consumers have profited from this development.
Global Seaborne Hard Coal Trade
Seaborne trade in hard coal exceeded the billion threshold for the first time in 2012 (previous year 978 M t). All in all, the VDKi has calculated that about 1,050 Bn. t of hard coal were transported by ship, corresponding to an increase of 72 M t or 7%. Internal trade is added to this. According to preliminary calculations of the VDKi, in particular Australia exported more than in 2011 at about 35 M t (or 12 %). Russia follows at + 18 M t (or 12%), the USA at + 16 M t (+ 20%) and South Africa at + 8 M t (or 13%). In contrast, China exported less, at - 5 M t (- 36%), as did Vietnam at - 2 M t (- 11%).
Hard Coal Imports to Germany
According to first evaluations, nearly as much hard coal, including coke and anthracite, (48 M t) as in the year before (48.4 M t) was imported to Germany. While the coking coal and coke imports for the steel industry reduced by nearly 1.5 M t due to development of the economy, more coal than ever was imported for the power plants (nearly 35 M t).
The imported hard coal of nearly 48 M t is structured as follows by countries of origin:
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Almost 20% more coal than in 2011 was imported from the USA (nearly 10 M t) - at 11.5 M t, Russia was once again the most important coal exporter for Germany. Colombia, still the second-most important coal supplier for Germany in 2011, dropped to place three at 9.4 M t. (- 13%). The importance of South Africa for the German hard coal import is declining. At nearly 2 M t, about 25% less coal was imported from South Africa in 2012. The country increasingly aligns its market towards Asia.
All in all, the manager comments on this pleasant development with mixed feelings: "Contrary to expectations, the utilization of German hard coal in power plants was pleasantly high. Of course we were happy about the high imports that resulted. The coverage contributions achieved by this, however, are not sufficient during many hours of the day. The low CO2-certificate price, the dropped global market prices for coal and the still-high gas prices have helped the power plants in the Merit-Order, but the power generated was mainly exported to Holland, France and Denmark, since the high PV and wind power in feed caused a price drop at the German electricity exchange specifically during the peak hours that were so important for the coal-fired power plants, that importing power was more economically efficient for the neighboring countries than generating it.
The prices at the German electricity exchange EEG, however, are partially not even sufficient to balance out the fuel costs. The system of a regulated market with EEG compensation and priority in feed for regenerative energies on the one hand and power marketing from conventional power plants in a competitive market on the other hand does not go over well. We urgently require a new power market design in which the regenerative energies must align themselves in a market-oriented manner after 15 years of liberalization on the electricity market."
Source: Verein der Kohlenimporteure e.V. (Germany Coal Importers Association)
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Thursday, 07 March 13
PANAMAX : POSITIVE TREND; CAPESIZE : GRADUALLY SLIDE - FEARNLEYS AS
Handy
The Atlantic saw more cargoes than last week and rates ticking upwards. The USG-Feast was at USD 22k and Black sea-feast was at USD 12k. The ...
Tuesday, 05 March 13
NEWCASTLE PORT SHIPPED 20.77 PERCENT MORE COAL W/E 4 MARCH 2013
COALspot.com - Newcastle port in Australia has loaded 2,631,562 MT of thermal and coking coal for a week ended 0700 hours 4 March 2013, Newcas ...
Sunday, 03 March 13
INDONESIAN THERMAL COAL SWAPS; CHINA CONTRACTS FALL W-O-W
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q2’ 2013 delivery has lost 0.75 percent and CFR South China coal shipment&nbs ...
Sunday, 03 March 13
FREIGHT MARKET FROM INDONESIA EXPECTED TO BE FIRM - VISTAAR
COALspot.com – The freight market has been fairly firm this week except for cape size index.
The BDI was up by 4.64 points closing at 776 p ...
Thursday, 28 February 13
INDIA HAS INCREASED CUSTOMS DUTY AND COUNTERVAILING DUTY FOR POWER PLANT COAL
COALspot.com : The government of India raised basic customs duty and countervailing duty on steam coal. In the meantime government has reduced& ...
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- Wood Mackenzie - Singapore
- Bharathi Cement Corporation - India
- Xindia Steels Limited - India
- Latin American Coal - Colombia
- Kumho Petrochemical, South Korea
- Intertek Mineral Services - Indonesia
- Gujarat Electricity Regulatory Commission - India
- IHS Mccloskey Coal Group - USA
- Renaissance Capital - South Africa
- Mjunction Services Limited - India
- Global Coal Blending Company Limited - Australia
- Posco Energy - South Korea
- Planning Commission, India
- Simpson Spence & Young - Indonesia
- Siam City Cement - Thailand
- Independent Power Producers Association of India
- Electricity Generating Authority of Thailand
- Vizag Seaport Private Limited - India
- Jindal Steel & Power Ltd - India
- San Jose City I Power Corp, Philippines
- GMR Energy Limited - India
- London Commodity Brokers - England
- ASAPP Information Group - India
- Global Business Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Carbofer General Trading SA - India
- Indonesian Coal Mining Association
- Africa Commodities Group - South Africa
- Energy Link Ltd, New Zealand
- International Coal Ventures Pvt Ltd - India
- Eastern Coal Council - USA
- Bangladesh Power Developement Board
- Medco Energi Mining Internasional
- LBH Netherlands Bv - Netherlands
- MS Steel International - UAE
- Samtan Co., Ltd - South Korea
- Indogreen Group - Indonesia
- Interocean Group of Companies - India
- Essar Steel Hazira Ltd - India
- Georgia Ports Authority, United States
- Madhucon Powers Ltd - India
- Singapore Mercantile Exchange
- Holcim Trading Pte Ltd - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Ceylon Electricity Board - Sri Lanka
- IEA Clean Coal Centre - UK
- Tamil Nadu electricity Board
- Eastern Energy - Thailand
- Baramulti Group, Indonesia
- Bukit Makmur.PT - Indonesia
- Mintek Dendrill Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Sarangani Energy Corporation, Philippines
- Rio Tinto Coal - Australia
- Kapuas Tunggal Persada - Indonesia
- TeaM Sual Corporation - Philippines
- Riau Bara Harum - Indonesia
- Romanian Commodities Exchange
- Bhoruka Overseas - Indonesia
- Ministry of Mines - Canada
- Kaltim Prima Coal - Indonesia
- Coastal Gujarat Power Limited - India
- Parry Sugars Refinery, India
- Sindya Power Generating Company Private Ltd
- Makarim & Taira - Indonesia
- Meralco Power Generation, Philippines
- PowerSource Philippines DevCo
- Videocon Industries ltd - India
- Mercuria Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Indika Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Sakthi Sugars Limited - India
- PNOC Exploration Corporation - Philippines
- Petron Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jaiprakash Power Ventures ltd
- Orica Australia Pty. Ltd.
- The State Trading Corporation of India Ltd
- Kartika Selabumi Mining - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Lanco Infratech Ltd - India
- Cement Manufacturers Association - India
- Goldman Sachs - Singapore
- Bhushan Steel Limited - India
- Anglo American - United Kingdom
- Coal and Oil Company - UAE
- Economic Council, Georgia
- Miang Besar Coal Terminal - Indonesia
- Vedanta Resources Plc - India
- Grasim Industreis Ltd - India
- Heidelberg Cement - Germany
- VISA Power Limited - India
- Metalloyd Limited - United Kingdom
- Therma Luzon, Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Karaikal Port Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Barasentosa Lestari - Indonesia
- Sical Logistics Limited - India
- Larsen & Toubro Limited - India
- Oldendorff Carriers - Singapore
- Siam City Cement PLC, Thailand
- Neyveli Lignite Corporation Ltd, - India
- Wilmar Investment Holdings
- Sree Jayajothi Cements Limited - India
- White Energy Company Limited
- Manunggal Multi Energi - Indonesia
- Malabar Cements Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Coalindo Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- SMC Global Power, Philippines
- Electricity Authority, New Zealand
- Salva Resources Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Timah Investasi Mineral - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Sojitz Corporation - Japan
- Directorate General of MIneral and Coal - Indonesia
- Thai Mozambique Logistica
- Toyota Tsusho Corporation, Japan
- Indian Energy Exchange, India
- Attock Cement Pakistan Limited
- Mercator Lines Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Australian Commodity Traders Exchange
- GN Power Mariveles Coal Plant, Philippines
- Tata Chemicals Ltd - India
- South Luzon Thermal Energy Corporation
- Marubeni Corporation - India
- Price Waterhouse Coopers - Russia
- Deloitte Consulting - India
- Power Finance Corporation Ltd., India
- Iligan Light & Power Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Edison Trading Spa - Italy
- Petrochimia International Co. Ltd.- Taiwan
- Altura Mining Limited, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Straits Asia Resources Limited - Singapore
- Australian Coal Association
- Ambuja Cements Ltd - India
- McConnell Dowell - Australia
- Maheswari Brothers Coal Limited - India
- Bhatia International Limited - India
- Ministry of Transport, Egypt
- Trasteel International SA, Italy
- Savvy Resources Ltd - HongKong
- GVK Power & Infra Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Energy Development Corp, Philippines
- Orica Mining Services - Indonesia
- Formosa Plastics Group - Taiwan
- European Bulk Services B.V. - Netherlands
- CNBM International Corporation - China
- Chettinad Cement Corporation Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Port Waratah Coal Services - Australia
- PetroVietnam Power Coal Import and Supply Company
- OPG Power Generation Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- AsiaOL BioFuels Corp., Philippines
- New Zealand Coal & Carbon
- Commonwealth Bank - Australia
- Chamber of Mines of South Africa
- Cigading International Bulk Terminal - Indonesia
- Kobexindo Tractors - Indoneisa
- Ind-Barath Power Infra Limited - India
- Ministry of Finance - Indonesia
- India Bulls Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Bukit Baiduri Energy - Indonesia
- Dalmia Cement Bharat India
- Agrawal Coal Company - India
- PTC India Limited - India
- Binh Thuan Hamico - Vietnam
- Kohat Cement Company Ltd. - Pakistan
- Borneo Indobara - Indonesia
- Aboitiz Power Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- The Treasury - Australian Government
- Central Java Power - Indonesia
- Uttam Galva Steels Limited - India
- ICICI Bank Limited - India
- Merrill Lynch Commodities Europe
- Star Paper Mills Limited - India
- Billiton Holdings Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- Central Electricity Authority - India
- Gujarat Sidhee Cement - India
- Semirara Mining Corp, Philippines
- Standard Chartered Bank - UAE
- The University of Queensland
- Thiess Contractors Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Bulk Trading Sa - Switzerland
- Indo Tambangraya Megah - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Parliament of New Zealand
- SMG Consultants - Indonesia
- Minerals Council of Australia
- Kideco Jaya Agung - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Aditya Birla Group - India
- Antam Resourcindo - Indonesia
- Meenaskhi Energy Private Limited - India
- Indian Oil Corporation Limited
- Kepco SPC Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
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