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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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Sunday, 24 February 13
COAL SWAPS INCH UP WEEK - ON - WEEK
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q2’ 2013 delivery has gained 0.17 percent and CFR South China coal shipme ...
Sunday, 24 February 13
BDI FELL 1.72 PERCENT BUT FREIGHT MARKET FAIRLY STEADY - VISTAAR
COALspot.com - This freight market has been fairly steady this week but, BDI fell1.72 pct and closed at 740 points.
The cape index also joins BDI ...
Saturday, 23 February 13
IHS MCCLOSKEY 20TH ANNUAL COAL CONFERENCE OF THE AMERICAS
IHS McCloskey 20th Annual Coal Conference of the Americas to be held on 13-14 March 2013 in Cartagena, Colombia
IHS is pleased to invite you to t ...
Thursday, 21 February 13
HANDY : THE PACIFIC MARKET GOT FIRMED UP AS CHINESE CAME BACK FROM HOLIDAYS - FEARNLEYS
Handy
The Atlantic saw more cargoes than last week but rates remained unchanged as lot of ships in the market. The USG-Feast was at USD 18k and Bla ...
Thursday, 21 February 13
SPRING COAL PROCUREMENT 2013 IS ABOUT TO TAKE PLACE
In 2012, “Steady Growth” had set the keynote for China’s economic development. Guided by the principle of progressing steadily, do ...
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- The Treasury - Australian Government
- Semirara Mining Corp, Philippines
- India Bulls Power Limited - India
- Ministry of Transport, Egypt
- Romanian Commodities Exchange
- Kaltim Prima Coal - Indonesia
- Bhoruka Overseas - Indonesia
- Aboitiz Power Corporation - Philippines
- Baramulti Group, Indonesia
- Makarim & Taira - Indonesia
- Binh Thuan Hamico - Vietnam
- Karaikal Port Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- PTC India Limited - India
- Bulk Trading Sa - Switzerland
- Bhatia International Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Energy Development Corp, Philippines
- Central Electricity Authority - India
- Renaissance Capital - South Africa
- Krishnapatnam Port Company Ltd. - India
- Energy Link Ltd, New Zealand
- IEA Clean Coal Centre - UK
- Deloitte Consulting - India
- Merrill Lynch Commodities Europe
- Australian Coal Association
- Coastal Gujarat Power Limited - India
- Metalloyd Limited - United Kingdom
- Asmin Koalindo Tuhup - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Marubeni Corporation - India
- Petron Corporation, Philippines
- CIMB Investment Bank - Malaysia
- GMR Energy Limited - India
- Cigading International Bulk Terminal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Edison Trading Spa - Italy
- Orica Mining Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Uttam Galva Steels Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sree Jayajothi Cements Limited - India
- Therma Luzon, Inc, Philippines
- Samtan Co., Ltd - South Korea
- Anglo American - United Kingdom
- Formosa Plastics Group - Taiwan
- SMG Consultants - Indonesia
- Chettinad Cement Corporation Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Finance - Indonesia
- Essar Steel Hazira Ltd - India
- Kepco SPC Power Corporation, Philippines
- Sojitz Corporation - Japan
- The State Trading Corporation of India Ltd
- Bangladesh Power Developement Board
- Manunggal Multi Energi - Indonesia
- Indian Energy Exchange, India
- Vijayanagar Sugar Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Sical Logistics Limited - India
- SN Aboitiz Power Inc, Philippines
- Coalindo Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Salva Resources Pvt Ltd - India
- Larsen & Toubro Limited - India
- International Coal Ventures Pvt Ltd - India
- ICICI Bank Limited - India
- Directorate Of Revenue Intelligence - India
- Ceylon Electricity Board - Sri Lanka
- VISA Power Limited - India
- Medco Energi Mining Internasional
- Minerals Council of Australia
- Vizag Seaport Private Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Sakthi Sugars Limited - India
- GVK Power & Infra Limited - India
- Price Waterhouse Coopers - Russia
- Power Finance Corporation Ltd., India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Planning Commission, India
- San Jose City I Power Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Sarangani Energy Corporation, Philippines
- London Commodity Brokers - England
- Barasentosa Lestari - Indonesia
- South Luzon Thermal Energy Corporation
- Eastern Energy - Thailand
- Videocon Industries ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Georgia Ports Authority, United States
- Wilmar Investment Holdings
- European Bulk Services B.V. - Netherlands
- Ambuja Cements Ltd - India
- Bharathi Cement Corporation - India
- Savvy Resources Ltd - HongKong
- Antam Resourcindo - Indonesia
- Mintek Dendrill Indonesia
- Wood Mackenzie - Singapore
- Global Green Power PLC Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- GN Power Mariveles Coal Plant, Philippines
- Maheswari Brothers Coal Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- AsiaOL BioFuels Corp., Philippines
- PowerSource Philippines DevCo
- Standard Chartered Bank - UAE
- Neyveli Lignite Corporation Ltd, - India
- Heidelberg Cement - Germany
- Holcim Trading Pte Ltd - Singapore
- OPG Power Generation Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Banpu Public Company Limited - Thailand
- ASAPP Information Group - India
- Ministry of Mines - Canada
- Indogreen Group - Indonesia
- Economic Council, Georgia
- Chamber of Mines of South Africa
- Lanco Infratech Ltd - India
- Port Waratah Coal Services - Australia
- Jorong Barutama Greston.PT - Indonesia
- Simpson Spence & Young - Indonesia
- Latin American Coal - Colombia
- Aditya Birla Group - India
- Vedanta Resources Plc - India
- Dalmia Cement Bharat India
- Jaiprakash Power Ventures ltd
- Petrochimia International Co. Ltd.- Taiwan
- Agrawal Coal Company - India
- Carbofer General Trading SA - India
- IHS Mccloskey Coal Group - USA
- Grasim Industreis Ltd - India
- Australian Commodity Traders Exchange
- Sindya Power Generating Company Private Ltd
- Global Coal Blending Company Limited - Australia
- Eastern Coal Council - USA
- Riau Bara Harum - Indonesia
- GAC Shipping (India) Pvt Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Indian Oil Corporation Limited
- Madhucon Powers Ltd - India
- Kumho Petrochemical, South Korea
- Commonwealth Bank - Australia
- Interocean Group of Companies - India
- Gujarat Electricity Regulatory Commission - India
- Singapore Mercantile Exchange
- Independent Power Producers Association of India
- TNB Fuel Sdn Bhd - Malaysia
- White Energy Company Limited
- Pendopo Energi Batubara - Indonesia
- Goldman Sachs - Singapore
- Globalindo Alam Lestari - Indonesia
- MS Steel International - UAE
- Parliament of New Zealand
- Kideco Jaya Agung - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Malabar Cements Ltd - India
- Orica Australia Pty. Ltd.
- Xindia Steels Limited - India
- Indonesian Coal Mining Association
- TeaM Sual Corporation - Philippines
- Electricity Authority, New Zealand
- Central Java Power - Indonesia
- Straits Asia Resources Limited - Singapore
- Electricity Generating Authority of Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Indika Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Borneo Indobara - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bukit Makmur.PT - Indonesia
- Mercator Lines Limited - India
- Siam City Cement PLC, Thailand
- Parry Sugars Refinery, India
- Billiton Holdings Pty Ltd - Australia
- Meenaskhi Energy Private Limited - India
- Maharashtra Electricity Regulatory Commission - India
- The University of Queensland
- McConnell Dowell - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Star Paper Mills Limited - India
- Meralco Power Generation, Philippines
- Cement Manufacturers Association - India
- New Zealand Coal & Carbon
- Siam City Cement - Thailand
- Miang Besar Coal Terminal - Indonesia
- Africa Commodities Group - South Africa
- Altura Mining Limited, Indonesia
- Mercuria Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Iligan Light & Power Inc, Philippines
- Mjunction Services Limited - India
- Intertek Mineral Services - Indonesia
- Thai Mozambique Logistica
- Bukit Baiduri Energy - Indonesia
- Thiess Contractors Indonesia
- Global Business Power Corporation, Philippines
- Bhushan Steel Limited - India
- SMC Global Power, Philippines
- Leighton Contractors Pty Ltd - Australia
- Sinarmas Energy and Mining - Indonesia
- Rio Tinto Coal - Australia
- Kartika Selabumi Mining - Indonesia
- Oldendorff Carriers - Singapore
- Tata Chemicals Ltd - India
- Posco Energy - South Korea
- CNBM International Corporation - China
- Gujarat Mineral Development Corp Ltd - India
- Ind-Barath Power Infra Limited - India
- Tamil Nadu electricity Board
- Trasteel International SA, Italy
- Coal and Oil Company - UAE
- Gujarat Sidhee Cement - India
- Attock Cement Pakistan Limited
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