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Wednesday, 08 July 09
GERMAN COAL PRODUCTION DECREASED BY 31% TO ROUND 3.4 MILLION TON IN 1Q 2009 - COAL IMPORTERS ASSOCIATION, HAMBURG
 COALspot.com (Germany):
World Coal Market
According to analysis of VEREIN DER KOHLENIMPORTEURE E.V. , On a quantity basis the steam coal market is further stable, whereas the Asian market is supported by imports from China and India.
In view of the background of weaker industrial activity, the demand for steam coal in the Atlantic area is modest. The fob prices are slightly sinking connected with intensive swings upward and downward. The coking coal market has seen a sharp fall. The contract prices for the period 2009/2010 have declined by 60 % compared to the contract prices 2008 / 2009 and are partially crumbling.
Despite of lesser bulk commodity volume and further rising fleet capacity, the freight rates have considerably increased very recently. Considering the basis data, this upswing is not explainable. The tendency should rather be a lower freight level.
Hard Coal
Imports regarding the imports of hard coal, coking coal and briquettes for the months January to March 2009, the Federal Statistic Office of Germany determined a decrease of the whole imports by 14.6 % to 10,934,068 ton compared to the previous year.
"Energy Prices in 1Q 2009 the BAFA price in average was 91.24 Euro / TCE" German Coal Importers Association
Germany Domestic Coal – 1Q 2009
Due to the closures of the mines Saar, Walsum & Lippe , the German production decreased by 31 % to round 3.4 million t in 1Q 2009 in comparison with the previous year. Extrapolated there might be reached a whole production of 13-14 million ton in 2009.
In 1Q 2009 the coke production decreased by round 20 %. Due to the steel crisis, the coking plant Prosper operates curbed at 70 % and beyond that coke is dumped. The performance per man and shift in the mines declined by 25 %.
This is partly in consequence of the closures of the high efficient mines Ensdorf and Walsum. The sales of German coal fell from 5.8 million ton by 2.5 million t to 3.3 million ton. The biggest part of the decline in sales is due to the slowdown in German industrial production. The stocks rose by 0.6 million ton to 4.3 million ton. Until May 2009 the stocks increased to round 5 million ton.
The difficult sales situation continues. The steel boom and the expected shortages caused the coking coal prices in 2008 to rise to historic record heights. At this time, deductions of 60% are being negotiated, but it remains to be seen whether this price level, which is still high, will be able to stay here in view of the weak demand.Coke prices fell as well. For all practical purposes, the world market for coke collapsed in the first quarter of 2009. Instead of the normal 3 million ton, the world market leader China exported a mere 150,000 ton in the first quarter 2009.
" Nevertheless, the official export prices amount to round US$ 400.00. But in Europe comparable coke is traded at US$ 190.00 " German Coal Importers Association
Freight Rates
Freight rates reached historic record highs in 2008. The freight rate Richards Bay – Rotterdam for Cape size ships rose to US$ 50/ton, only to crash to US$ 5 / ton (–90%) by December 2008.
In the meantime, freight rates have recovered slightly and are again on the rise. However, the overall expectation is that the sinking volume of bulk cargo on the world market and rising fleet capacity will prevent any excessive fluctuations for the moment.
Germany
Germany’s coal market shrank by about 5 million t in 2008. But since domestic output fell by almost 4 million t, imports remained stable. There were virtually no effects on quantities from the steel crisis in 2008.
We expect a substantial decline in imports of 22% for 2009, a consequence of the steel crisis and a lower demand for electric power. While in the past the onus of adapting to collapses in demand fell on German coal production, there will this year, for the first time, be a major blow on import coal, but the great flexibility of the world market means that there will not be any problems adjusting to this situation.
Import prices for steam coal are also falling quickly. Prices fell to €83 t/TCE in March 2009 from the highest value of the border-crossing price (BAFA price) of €136 t/TCE in August 2008. We expect the price to continue to decline to €65-70 t/TCE by the end of 2009.
"As the US dollar is once again showing a weakening tendency, imports in Euros could become cheaper" German Coal Importers Association
Outlook 2009
World coal production in 2009 will continue to increase as a consequence of the great demand for electric power in the Asian region. But this growth will be weaker than in the past. China, India and Indonesia are planning significant increases in output.
World trade in steam coal will presumably remain stable, but the coking coal world market will probably decline by 40–50 million ton or 20% – 25%. The pendulum has swung back to a buyer’s market and will undoubtedly keep pressure on the world market prices for coking coal and steam coal in 2009.
The years 2007 and 2008 were marked by high investment spending in the coal mining industry worldwide. After an estimation of IEA for 2009 a reduction by round 40 % is expected.
Short-term – i.e. in the following 2 – 3 years, the reduced investment activity might not impact the markets. It has also to be concerned, that coal projects in 2 – 5 years and in this way in comparison to crude oil and gas projects – can go into production in the short run.
Analyzed by: KOHLENIMPORTEURE E.V. (Coal Importers Association), Hamburg
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Monday, 13 July 09
COAL SECTOR IN VIETNAM INCREASE THE TARGET 43 MILLION TONNES THIS YEAR
Asian Mining Stock reported that, there was a change in a very good Coal Mining Industries Group (TKV) that Vietnam has decided to increase coa ...
Saturday, 11 July 09
THE IMPORT OF STEAM COAL FROM INDONESIA & S/A TO INDIA WILL CONTINUE TO INCREASE - VISTAAR
COALspot.com ( Singapore): Vistaar Shipping, an experienced ship operator in Singapore said, The market continued to be soft this with doubts a ...
Friday, 10 July 09
DMO AND ICPR AIMED AT SECURING DOMESTIC COAL SUPPLY
COALspot.com (Indonesia): According to website of DGCMG, the implementation of coal Domestic Market Obligation (DMO) and the Indonesian Coal P ...
Friday, 10 July 09
INDONESIAN MINING LAW IN TRANSITION
Further to the enactment of Law No. 4 of 2009 on Mineral and Coal Mining (“Law 4/2009”), the enactment of various implementing regulatio ...
Thursday, 09 July 09
COAL EXPORTS TO CHINA MAY FALL AS PRICES, SHIPPING RATES RISE
CHINA'S appetite for Australian coal may fall in July and August from earlier highs, due to a recent recovery in regional prices and higher interna ...
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- Miang Besar Coal Terminal - Indonesia
- Energy Development Corp, Philippines
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- Minerals Council of Australia
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- Petrochimia International Co. Ltd.- Taiwan
- Goldman Sachs - Singapore
- Mintek Dendrill Indonesia
- White Energy Company Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Globalindo Alam Lestari - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Maharashtra Electricity Regulatory Commission - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Latin American Coal - Colombia
- Karaikal Port Pvt Ltd - India
- GVK Power & Infra Limited - India
- Barasentosa Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- Bhushan Steel Limited - India
- Central Java Power - Indonesia
- Essar Steel Hazira Ltd - India
- Indonesian Coal Mining Association
- Thiess Contractors Indonesia
- Sarangani Energy Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Coal and Oil Company - UAE
- The University of Queensland
- Siam City Cement PLC, Thailand
- MS Steel International - UAE
- Renaissance Capital - South Africa
- London Commodity Brokers - England
- TNB Fuel Sdn Bhd - Malaysia
- Jindal Steel & Power Ltd - India
- Power Finance Corporation Ltd., India
- CNBM International Corporation - China
- Georgia Ports Authority, United States
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Borneo Indobara - Indonesia
- Baramulti Group, Indonesia
- Ind-Barath Power Infra Limited - India
- Wood Mackenzie - Singapore
- Antam Resourcindo - Indonesia
- Bangladesh Power Developement Board
- Romanian Commodities Exchange
- Altura Mining Limited, Indonesia
- Posco Energy - South Korea
- Energy Link Ltd, New Zealand
- ICICI Bank Limited - India
- Mercuria Energy - Indonesia
- The State Trading Corporation of India Ltd
- Bharathi Cement Corporation - India
- AsiaOL BioFuels Corp., Philippines
- GMR Energy Limited - India
- GAC Shipping (India) Pvt Ltd
- India Bulls Power Limited - India
- Global Coal Blending Company Limited - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kapuas Tunggal Persada - Indonesia
- Vedanta Resources Plc - India
- Sindya Power Generating Company Private Ltd
- Sinarmas Energy and Mining - Indonesia
- Ministry of Finance - Indonesia
- Trasteel International SA, Italy
- Malabar Cements Ltd - India
- Indian Oil Corporation Limited
- Eastern Coal Council - USA
- McConnell Dowell - Australia
- Mjunction Services Limited - India
- Krishnapatnam Port Company Ltd. - India
- Bahari Cakrawala Sebuku - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- PowerSource Philippines DevCo
- Eastern Energy - Thailand
- Petron Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- TeaM Sual Corporation - Philippines
- Coastal Gujarat Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Bulk Trading Sa - Switzerland
- Cigading International Bulk Terminal - Indonesia
- Jaiprakash Power Ventures ltd
- Manunggal Multi Energi - Indonesia
- Orica Australia Pty. Ltd.
- Kartika Selabumi Mining - Indonesia
- Chettinad Cement Corporation Ltd - India
- Chamber of Mines of South Africa
- Independent Power Producers Association of India
- Indika Energy - Indonesia
- Agrawal Coal Company - India
- Tata Chemicals Ltd - India
- Mercator Lines Limited - India
- Dalmia Cement Bharat India
- The Treasury - Australian Government
- Gujarat Sidhee Cement - India
- Semirara Mining and Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Port Waratah Coal Services - Australia
- Parry Sugars Refinery, India
- Kideco Jaya Agung - Indonesia
- Ambuja Cements Ltd - India
- PNOC Exploration Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Uttam Galva Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
- Standard Chartered Bank - UAE
- Rashtriya Ispat Nigam Limited - India
- Alfred C Toepfer International GmbH - Germany
- Karbindo Abesyapradhi - Indoneisa
- Sakthi Sugars Limited - India
- Meenaskhi Energy Private Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Electricity Authority, New Zealand
- Carbofer General Trading SA - India
- Attock Cement Pakistan Limited
- Australian Coal Association
- Siam City Cement - Thailand
- Marubeni Corporation - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Medco Energi Mining Internasional
- Intertek Mineral Services - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Meralco Power Generation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Australian Commodity Traders Exchange
- Heidelberg Cement - Germany
- Bhoruka Overseas - Indonesia
- Directorate Of Revenue Intelligence - India
- Riau Bara Harum - Indonesia
- SMG Consultants - Indonesia
- Grasim Industreis Ltd - India
- Economic Council, Georgia
- Thai Mozambique Logistica
- Ministry of Mines - Canada
- Kohat Cement Company Ltd. - Pakistan
- Kumho Petrochemical, South Korea
- Samtan Co., Ltd - South Korea
- Rio Tinto Coal - Australia
- Planning Commission, India
- SN Aboitiz Power Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Bhatia International Limited - India
- CIMB Investment Bank - Malaysia
- European Bulk Services B.V. - Netherlands
- Timah Investasi Mineral - Indoneisa
- Deloitte Consulting - India
- Bukit Asam (Persero) Tbk - Indonesia
- PTC India Limited - India
- VISA Power Limited - India
- Global Business Power Corporation, Philippines
- Sical Logistics Limited - India
- Tamil Nadu electricity Board
- Toyota Tsusho Corporation, Japan
- Kalimantan Lumbung Energi - Indonesia
- Anglo American - United Kingdom
- Central Electricity Authority - India
- Therma Luzon, Inc, Philippines
- Vizag Seaport Private Limited - India
- Holcim Trading Pte Ltd - Singapore
- Simpson Spence & Young - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Coalindo Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Salva Resources Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Edison Trading Spa - Italy
- New Zealand Coal & Carbon
- Savvy Resources Ltd - HongKong
- Global Green Power PLC Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Price Waterhouse Coopers - Russia
- Jorong Barutama Greston.PT - Indonesia
- Formosa Plastics Group - Taiwan
- Banpu Public Company Limited - Thailand
- Madhucon Powers Ltd - India
- Aboitiz Power Corporation - Philippines
- Lanco Infratech Ltd - India
- Makarim & Taira - Indonesia
- Larsen & Toubro Limited - India
- Leighton Contractors Pty Ltd - Australia
- ASAPP Information Group - India
- Sree Jayajothi Cements Limited - India
- Africa Commodities Group - South Africa
- Metalloyd Limited - United Kingdom
- Star Paper Mills Limited - India
- Electricity Generating Authority of Thailand
- Semirara Mining Corp, Philippines
- Indogreen Group - Indonesia
- IEA Clean Coal Centre - UK
- Sojitz Corporation - Japan
- Bayan Resources Tbk. - Indonesia
- Kepco SPC Power Corporation, Philippines
- Interocean Group of Companies - India
- Oldendorff Carriers - Singapore
- Cement Manufacturers Association - India
- Videocon Industries ltd - India
- IHS Mccloskey Coal Group - USA
- Maheswari Brothers Coal Limited - India
- Aditya Birla Group - India
- Merrill Lynch Commodities Europe
- International Coal Ventures Pvt Ltd - India
- Singapore Mercantile Exchange
- Gujarat Electricity Regulatory Commission - India
- PetroVietnam Power Coal Import and Supply Company
- Parliament of New Zealand
- Commonwealth Bank - Australia
- Ministry of Transport, Egypt
- Indian Energy Exchange, India
- Xindia Steels Limited - India
- Binh Thuan Hamico - Vietnam
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