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Thursday, 06 August 15
HARD COAL AND COKE IMPORTS TO GERMANY REACH NEW ALL-TIME HIGH OF 56.2M TONES IN 2014
 Demand for German and imported hard coal In 2014, in 2014 fell by almost 8%, or 4.8m TCE, to 56.2m TCE.
According to German Coal Importer Association, this was caused mainly by the overall decline of 3% in power generation and the overall downward trend of 4.7% in primary energy demand, which accordingly also had an impact on hard coal. Another factor was the growing proportions accounted for by renewable energies. As in the previous year, demand for hard coal was satisfied by imports in the amount of some 86% and by domestic coal in the amount of 14%. Total imports of hard coal and coke reached a new all-time high of 56.2m tonnes in 2014, an increase of 3.4m tonnes, or 6%, in comparison with 2013.
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According to press note, the focal point of hard coal sales comprises power plants, which dominate demand with 69% (previous year: 71%) and the iron and steel industry with 28% (previous year: 26%). The heating market plays only a subordinate role with 3%. As regards steam coal, Russia, the USA and Colombia largely satisfied the import needs, while coking coal demand was covered by Australia with a 45% market share, the USA with 29% and Canada with 13% as the main supplier countries.
Clear downward trends are discernible in power generation from hard coal-fired power plants in 2014. The hard coal-fired power plants delivered 109 TWh, some 10% less power than in the previous year. This left hard coal with a share of just under 18% in the energy mix for 2014. But the other conventional types of power generation , too, had negative year-on-year results: lignite -3.2%, nuclear energy -0.2%, natural gas -13.7% and oil - 6.6%.
The balance in the power exchange (the total of exports less imports) came to around 36 TWh in 2014. This corresponds to an increase of 5% in comparison with 2013. The price advantage of coal compared with gas (the difference between the so-called "clean dark spread" less the "clean spark spread") fluctuated between 6 and 37 €/MWh last year. This favourable result for hard coal should not, however, blind one to the reality that almost all gas-fired and very many coal-fired power plants are now making losses and that power revenues are often insufficient to cover the fuel costs.
The VDKi takes a differentiated view of the statement in the white paper. The following should continue to be designated as the basis for market's further development into the energy market 2.0:
- security of supply
- cost efficiency
- innovation and sustainability.
These criteria have been satisfied by power generation from hard coal in the past and the present and will continue to be satisfied in the future. This makes the discrimination against hard coal, which could not have been made more obvious than in the new CHP regulations, impossible to comprehend. In addition to the fact that the expansion target of 25% is being subverted by a radical change in the basis, it is intended that only gas-fired CHP plants should be subsidised in the future. This is discriminatory and a deliberate damnification of highly efficient CHP from existing coal-fired power plants that contribute substantially to the reduction in CO2 emissions and fulfil the key requirements of the power market, said VDKi.
"We need a general framework that opens up a sustainable commercial perspective for hard coal for as long as hard coal continues to be allocated a central role for the safeguarding of renewable power generation, and therefore the success of the energy turnaround, for many years to come," said Dr Wolfgang Cieslik, VDKi CEO.
Despite the increase of 21% in steam coal imports in Q1 2015, the VDKi estimates that only 38m tonnes of steam coal and 53m tonnes of hard coal and coke in total, i.e. 5% less, will be imported during the whole of 2015.
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Friday, 07 August 15
COAL PRICE DEVELOPMENTS CAN ONLY BE DESCRIBED, SUCCINCTLY AS "OVERSUPPLY MEETS SUBDUED DEMAND" - VDKI
Coal Outlook 2015 – International
Regarding the outlook for global coal trading, two questions arise: firstly, “ whether the years of ...
Friday, 07 August 15
U.S. YEAR-TO-DATE COAL PRODUCTION TOTALED 528.1 MMST; DOWN 8.7% Y/Y - EIA
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 17.7 million shor ...
Thursday, 06 August 15
THE RATES FOR CAPES SHOOT UP LAST WEEK; GIVING THIS RECENT RALLY SOME MUCH NEEDED LEGS - INTERMODAL
COALspot.com: The Dry Bulk market noted another positive closing last week, entirely supported by Capesize performance, which managed to balance th ...
Thursday, 06 August 15
SEABORNE WORLD TRADE IN STEAM COAL GROWS BY 3% YOY - GERMAN COAL IMPORTER ASSOCIATION
Global trade with hard coal, at 1,272m tones in 2014, increased by 35m tonnes or 3% in comparison with the previous year.
According to associa ...
Wednesday, 05 August 15
SHIPPING MARKET INSIGHT - KATERINA RESTIS
On July 14th, 2015 a historical consensus was reached in Vienna between Iran and the five permanent members of the U.N. Security Council, plus Germ ...
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- Holcim Trading Pte Ltd - Singapore
- Medco Energi Mining Internasional
- Gujarat Mineral Development Corp Ltd - India
- The Treasury - Australian Government
- Leighton Contractors Pty Ltd - Australia
- Marubeni Corporation - India
- Anglo American - United Kingdom
- Kartika Selabumi Mining - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Kideco Jaya Agung - Indonesia
- Coal and Oil Company - UAE
- Rashtriya Ispat Nigam Limited - India
- VISA Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Vedanta Resources Plc - India
- Manunggal Multi Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Indian Energy Exchange, India
- Savvy Resources Ltd - HongKong
- Maheswari Brothers Coal Limited - India
- Central Java Power - Indonesia
- Global Green Power PLC Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Larsen & Toubro Limited - India
- McConnell Dowell - Australia
- Bayan Resources Tbk. - Indonesia
- Deloitte Consulting - India
- PNOC Exploration Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Karaikal Port Pvt Ltd - India
- White Energy Company Limited
- New Zealand Coal & Carbon
- Aditya Birla Group - India
- Salva Resources Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Commonwealth Bank - Australia
- European Bulk Services B.V. - Netherlands
- CIMB Investment Bank - Malaysia
- Kalimantan Lumbung Energi - Indonesia
- Aboitiz Power Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Agrawal Coal Company - India
- Eastern Coal Council - USA
- The State Trading Corporation of India Ltd
- Directorate Of Revenue Intelligence - India
- Bukit Makmur.PT - Indonesia
- Formosa Plastics Group - Taiwan
- Jaiprakash Power Ventures ltd
- Port Waratah Coal Services - Australia
- Heidelberg Cement - Germany
- Sree Jayajothi Cements Limited - India
- Thiess Contractors Indonesia
- Lanco Infratech Ltd - India
- Economic Council, Georgia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Tata Chemicals Ltd - India
- Therma Luzon, Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Indogreen Group - Indonesia
- OPG Power Generation Pvt Ltd - India
- Gujarat Sidhee Cement - India
- IEA Clean Coal Centre - UK
- Toyota Tsusho Corporation, Japan
- Mjunction Services Limited - India
- Bhushan Steel Limited - India
- Carbofer General Trading SA - India
- Eastern Energy - Thailand
- Renaissance Capital - South Africa
- Asmin Koalindo Tuhup - Indonesia
- Oldendorff Carriers - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Pendopo Energi Batubara - Indonesia
- Parliament of New Zealand
- Billiton Holdings Pty Ltd - Australia
- Bhoruka Overseas - Indonesia
- Jindal Steel & Power Ltd - India
- Siam City Cement - Thailand
- Semirara Mining Corp, Philippines
- Makarim & Taira - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Chettinad Cement Corporation Ltd - India
- Cement Manufacturers Association - India
- Wood Mackenzie - Singapore
- Posco Energy - South Korea
- San Jose City I Power Corp, Philippines
- Bulk Trading Sa - Switzerland
- Krishnapatnam Port Company Ltd. - India
- SN Aboitiz Power Inc, Philippines
- Bharathi Cement Corporation - India
- Antam Resourcindo - Indonesia
- Australian Commodity Traders Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Dalmia Cement Bharat India
- CNBM International Corporation - China
- London Commodity Brokers - England
- MS Steel International - UAE
- Sojitz Corporation - Japan
- Iligan Light & Power Inc, Philippines
- Wilmar Investment Holdings
- Mintek Dendrill Indonesia
- Samtan Co., Ltd - South Korea
- Indian Oil Corporation Limited
- Global Business Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Xindia Steels Limited - India
- Attock Cement Pakistan Limited
- Singapore Mercantile Exchange
- Coalindo Energy - Indonesia
- Parry Sugars Refinery, India
- Orica Australia Pty. Ltd.
- South Luzon Thermal Energy Corporation
- Bhatia International Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Georgia Ports Authority, United States
- Goldman Sachs - Singapore
- Indika Energy - Indonesia
- Malabar Cements Ltd - India
- Kepco SPC Power Corporation, Philippines
- Tamil Nadu electricity Board
- Binh Thuan Hamico - Vietnam
- PowerSource Philippines DevCo
- Electricity Generating Authority of Thailand
- Kobexindo Tractors - Indoneisa
- Baramulti Group, Indonesia
- Bukit Baiduri Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Borneo Indobara - Indonesia
- Ministry of Mines - Canada
- Sinarmas Energy and Mining - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kohat Cement Company Ltd. - Pakistan
- Thai Mozambique Logistica
- Standard Chartered Bank - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Sical Logistics Limited - India
- Metalloyd Limited - United Kingdom
- Offshore Bulk Terminal Pte Ltd, Singapore
- SMC Global Power, Philippines
- Semirara Mining and Power Corporation, Philippines
- India Bulls Power Limited - India
- Kumho Petrochemical, South Korea
- Indonesian Coal Mining Association
- Ministry of Transport, Egypt
- Cigading International Bulk Terminal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Intertek Mineral Services - Indonesia
- Meenaskhi Energy Private Limited - India
- Timah Investasi Mineral - Indoneisa
- IHS Mccloskey Coal Group - USA
- Coastal Gujarat Power Limited - India
- GVK Power & Infra Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Orica Mining Services - Indonesia
- PTC India Limited - India
- Banpu Public Company Limited - Thailand
- Meralco Power Generation, Philippines
- Trasteel International SA, Italy
- Altura Mining Limited, Indonesia
- Minerals Council of Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Africa Commodities Group - South Africa
- Star Paper Mills Limited - India
- Gujarat Electricity Regulatory Commission - India
- Mercator Lines Limited - India
- Siam City Cement PLC, Thailand
- GMR Energy Limited - India
- Globalindo Alam Lestari - Indonesia
- Central Electricity Authority - India
- Chamber of Mines of South Africa
- Sakthi Sugars Limited - India
- Essar Steel Hazira Ltd - India
- Australian Coal Association
- The University of Queensland
- Romanian Commodities Exchange
- Vizag Seaport Private Limited - India
- Mercuria Energy - Indonesia
- SMG Consultants - Indonesia
- Barasentosa Lestari - Indonesia
- ICICI Bank Limited - India
- Energy Development Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Petron Corporation, Philippines
- Videocon Industries ltd - India
- Interocean Group of Companies - India
- Ambuja Cements Ltd - India
- Rio Tinto Coal - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Merrill Lynch Commodities Europe
- Madhucon Powers Ltd - India
- Bangladesh Power Developement Board
- Miang Besar Coal Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
- ASAPP Information Group - India
- Price Waterhouse Coopers - Russia
- Karbindo Abesyapradhi - Indoneisa
- Latin American Coal - Colombia
- Grasim Industreis Ltd - India
- Kaltim Prima Coal - Indonesia
- Independent Power Producers Association of India
- Power Finance Corporation Ltd., India
- Global Coal Blending Company Limited - Australia
- Jorong Barutama Greston.PT - Indonesia
- Simpson Spence & Young - Indonesia
- Energy Link Ltd, New Zealand
- Electricity Authority, New Zealand
- Ind-Barath Power Infra Limited - India
- Planning Commission, India
- TeaM Sual Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Ministry of Finance - Indonesia
- Riau Bara Harum - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Edison Trading Spa - Italy
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