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Monday, 03 April 17
WORLD COAL TRADE STABLE IN 2016: DEMAND SHIFTS TO SOUTH-EAST ASIA - ASSOCARBONI
 ASSOCARBONI: Coal confirmed as the leading fuel for electricity generation, accounting for 40% of overall production in 2016.
World coal trade stable in 2016: demand shifts to South-East Asia
According to International Energy Agency, coal will still play fundamental role (36% of energy mix) by 2021
Coal’s share in the Italian electricity mix is stable at 12%, the lowest percentage compared to the European average (26%).
On 31 March 2017, in Rome, the Italian coal association (Assocarboni) has held its annual congress “Italian electric system: proposals for a strategic planning” in conjunction with the Association’s annual meeting, where it presented sector data and global scenarios for 2016 and set the guidelines for the Rome Energy G7 taking place on April 9th and 10th.
The global scenario of coal
According to Italian coal association In 2016, coal confirmed its leadership in the generation of electricity, accounting for 40% of market share in the world, and 26% in Europe.
Compared to 2015, in 2016 seaborne world coal trade was stable after 10 years at 5% annual growth.
Steam coal decreased from the 2015’s 886 million tonnes to 2016’s 883 million tonnes: the trend shows a decrease in the coal import in Europe, caused by a strong decline in the UK but also balanced by an increase of the export towards the South-Eastern Asian markets.
Seaborne coaking coal registered a slight reduction from the the 249 million tonnes in 2015 to 246 million tonnes (-1% decrease), mainly because of a decline in imports across the European markets (34 million tonnes, -9% compared to 2015), also caused by steel’s lower price.
In perspective, coal will maintain its leadership in the electricity mix. According to the International Energy Agency’s analysis published in the Medium Term Coal Market report, coal’s share in the mix fueler for electricity production will attest itself at 36% by 2021.The demand for coal is shifting towards South-East Asia, where emerging economies are looking for an alternative source of energy.
Report by country
According to Assocarboni’s latest data, in 2016 Australia remained the world’s leading coal exporter, with a record of 393.68 million tonnes, a 1% increase compared to 2015.
With its 285.81 million tonnes, Indonesia confirms its leading position as steam coal exporter, registering a slight decrease compared to 2015 data.
Russian coal exports increased by 11% from 2015 reaching 131 million tonnes compared to 118 million tonnes in 2015, while Colombia steam coal exports registered 88.6 million tonnes compared 80.5 millions in 2015.
China’s 2016 imports grew up again compared to 2015 data, given the high demand for electricity, which is not satisfied by local production. In 2016 China imported 255 million tonnes (+25%).
India registered 203 million tonnes of imported coal, a slight reduction (-6%) compared to the 216 millions in 2015. The decrease is caused by the reduction of the steam coal imports, due to an increase of the domestic production and petcoke imports.
Coal imports grew in Vietnam (13.57 million tonnes, +91% compared to 7.08 million in 2015), Turkey (30,3 million tonnes, +9%) in comparison with the 27.78 millions of 2015), Chile (11.6 million tonnes, +13% compared to 10.2 million in 2015).
Korea registered an increase in the import of steam coal (93.7 million tonnes, +1%). Japan imported almost the same 2015’s quantities of coal (189.7 million tonnes versus 190, 6 million in 2015).
The coal market in Italy
Whilst Europe relies on coal for 26%, coal’s share in the Italian electricity mix is stable at 12%, one of the lowest percentage. Italy’s final figures for 2016 show a decline in the import of steam coal to 14 million tonnes (-12.5% compared to 2015); the imports of metallurgical coal and PCI are increasing: 3.9 million tonnes, +11% than the 3.5 millions in 2015.
Italy’s largest coal operators are at the forefront of technological innovation within the sector. Compared to the most obsolete and inefficient technologies used in the past, the modern coal power plants in Italy are environmentally-friendly, as they emit between 25 and 33% percent less CO2, and highly efficient, with an average 40% efficiency rate and peaks of 46% in Torrevaldaliga Nord, which is only reached in Japan and Denmark in the world.
Italian manufacturing companies pay the electricity 50% more than the European average, as the country depends on imported natural gas from Russia and Algeria and subsidised renewable energies, which together account for over 80% of the national electricity mix. If Italy keeps ignoring the contribution coming from the coal in the generation of competitive energy, its industrial network will be at risk especially of compared to European competitors, given the half price of the provided energy, composed by coal and nuclear.
Coal and Environment: a comparison with gas
A number of scientific studies by preeminent research centres do not justify using gases against climate change, as the findings demonstrated that, considering the entire fossil fuels lifecycle, the difference in CO2 emissions with gas is significantly reduced, and even equalise when pre- and post-combustion emissions are included, because of the various gases (e.g. H2S, N2O, etc.) not accounted for released in the atmosphere from methane deposits.
A recent study by Pöyry Management Consulting compared the level of emissions measured in thermoelectric power plants using coal with those using gas, both working in a reduced or variable regime. The findings show that gas plant emissions can be +76% higher than the coal ones.
In addition, international studies (e.g. Prof. Yumehiko Hoshijima, Yale Law School of Forestry & Environmental Studies, New Haven; US Environmental Protection Agency; Environmental Defense Fund and National Oceanic and Atmospheric Administration) have widely demonstrated that shale gas and fracking have serious environmental consequences. Academic researches showed that natural gas generates, especially in its extraction, higher methane levels than coal.
“Coal is not the enemy to fight and electricity production from coal has an environmental impact in its lifecycle similar to natural gas, taking into account the efficient curb-emissions systems developed in recent years” declared Andrea Clavarino, President of the Italian coal industry association Assocarboni, at its annual congress.
“Assocarboni thus proposes to use more coal – through the implementation of the best combustion technologies – and renewables, and less gas, which is expensive and has serious supply security issues, following what developed and emerging countries like South Korea, Germany, Japan, Taiwan, Turkey, USA and Vietnam are already doing. Nowadays, coal guarantees low costs and energy security, as reserves are equally distributed across the world, and therefore is, together with renewables, the best combustible to support economic and industrial development across the world, including Italy” concluded Andrea Clavarino.
About Italian Coal Association ASSOCARBONI
ASSOCARBONI is a non-profitorganisation founded in 1897, which represents national and international companies engaged in solid fuels. Its head office is in Rome and it has representative offices in London and Brussels. On a national level, Assocarboni is member of Confindustria Energia and sits in the Board of Directors of the Fuel Experimental Station, a fuel research institute within the Ministry of Economic Development.
On an international level, Assocarboni is member of CIAB (Coal Industry Advisory Board) – a section of the International Energy Agency (IEA) which brings together more than 40 companies (both energy producing and electric generation companies) from 14 different countries - of WCA (World Coal Association) in London and of the “Working Party on Coal” of the ECEUN Energy Committee in Geneva.
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Wednesday, 05 April 17
THE AVERAGE SECOND HAND PANAMAXES AND CAPES PRICES FOR A 5-YR OLD VESSEL HAS INCREASED MORE THAN 19% AND 20% RESPECTIVELY M/M - INTERMODAL
With the help of what so far appears to be a very strong grain season together with the fact that imports from China have remained so far robust in ...
Tuesday, 04 April 17
THE IRON ORE HAS BEEN ABLE TO KEEP ITS GROWTH PATH FAIRLY WELL; THERE IS STILL ONE PART OF THE WORLD THAT IS STILL HEAVILY COMMITTED TO COAL
With the close of March having let us with a very positive after taste and having witnessed near the end of the month the Baltic Dry Index at its h ...
Monday, 03 April 17
DRY BULK RATES CONTINUING TO FIRMING UP
COALspot.com: The Freight market was continuing to firming up. Baltic Panamax Index rose 12.81 percent week over week.
The Baltic Exchang ...
Friday, 31 March 17
U.S. COAL PRODUCTION INCREASE SLIGHTLY WEEK OVER WEEK
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 14.5 million short tons ...
Thursday, 30 March 17
WHERE AN AGREEMENT FAILS TO DELIVER - WATSON FARLEY & WILLIAMS
KNOWLEDGE TO ELEVATE
Watson Farley & Williams acted for MRI Trading AG in a leading case on ‘agreements to agree’ that was fin ...
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- Posco Energy - South Korea
- Krishnapatnam Port Company Ltd. - India
- Thai Mozambique Logistica
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- Videocon Industries ltd - India
- Samtan Co., Ltd - South Korea
- Sarangani Energy Corporation, Philippines
- Thiess Contractors Indonesia
- Anglo American - United Kingdom
- Neyveli Lignite Corporation Ltd, - India
- Latin American Coal - Colombia
- Simpson Spence & Young - Indonesia
- Commonwealth Bank - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- White Energy Company Limited
- Bangladesh Power Developement Board
- Larsen & Toubro Limited - India
- Grasim Industreis Ltd - India
- Agrawal Coal Company - India
- PTC India Limited - India
- IEA Clean Coal Centre - UK
- Global Coal Blending Company Limited - Australia
- Coal and Oil Company - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Eastern Coal Council - USA
- Meralco Power Generation, Philippines
- Australian Coal Association
- Siam City Cement PLC, Thailand
- Electricity Authority, New Zealand
- Timah Investasi Mineral - Indoneisa
- Meenaskhi Energy Private Limited - India
- Economic Council, Georgia
- Energy Development Corp, Philippines
- Siam City Cement - Thailand
- Indika Energy - Indonesia
- Vizag Seaport Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- CNBM International Corporation - China
- SMC Global Power, Philippines
- Global Green Power PLC Corporation, Philippines
- Heidelberg Cement - Germany
- Chettinad Cement Corporation Ltd - India
- Makarim & Taira - Indonesia
- Jindal Steel & Power Ltd - India
- London Commodity Brokers - England
- Energy Link Ltd, New Zealand
- Madhucon Powers Ltd - India
- LBH Netherlands Bv - Netherlands
- Minerals Council of Australia
- Interocean Group of Companies - India
- Kapuas Tunggal Persada - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Iligan Light & Power Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Indogreen Group - Indonesia
- Ambuja Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- Intertek Mineral Services - Indonesia
- Savvy Resources Ltd - HongKong
- Directorate General of MIneral and Coal - Indonesia
- Kobexindo Tractors - Indoneisa
- GVK Power & Infra Limited - India
- VISA Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Straits Asia Resources Limited - Singapore
- Mintek Dendrill Indonesia
- Essar Steel Hazira Ltd - India
- Bhoruka Overseas - Indonesia
- Metalloyd Limited - United Kingdom
- Kideco Jaya Agung - Indonesia
- Aditya Birla Group - India
- AsiaOL BioFuels Corp., Philippines
- IHS Mccloskey Coal Group - USA
- India Bulls Power Limited - India
- Riau Bara Harum - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Ministry of Transport, Egypt
- Globalindo Alam Lestari - Indonesia
- Trasteel International SA, Italy
- Mercuria Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- The State Trading Corporation of India Ltd
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- Parry Sugars Refinery, India
- Global Business Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Ceylon Electricity Board - Sri Lanka
- Merrill Lynch Commodities Europe
- Malabar Cements Ltd - India
- Lanco Infratech Ltd - India
- Coastal Gujarat Power Limited - India
- Africa Commodities Group - South Africa
- Mercator Lines Limited - India
- Georgia Ports Authority, United States
- The University of Queensland
- Formosa Plastics Group - Taiwan
- Kumho Petrochemical, South Korea
- Parliament of New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Eastern Energy - Thailand
- Cigading International Bulk Terminal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Bulk Trading Sa - Switzerland
- Central Java Power - Indonesia
- PowerSource Philippines DevCo
- Rashtriya Ispat Nigam Limited - India
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- Sindya Power Generating Company Private Ltd
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- ICICI Bank Limited - India
- Tamil Nadu electricity Board
- San Jose City I Power Corp, Philippines
- Borneo Indobara - Indonesia
- Bukit Makmur.PT - Indonesia
- SN Aboitiz Power Inc, Philippines
- Australian Commodity Traders Exchange
- Sical Logistics Limited - India
- Oldendorff Carriers - Singapore
- Gujarat Sidhee Cement - India
- Binh Thuan Hamico - Vietnam
- Semirara Mining Corp, Philippines
- Independent Power Producers Association of India
- Dalmia Cement Bharat India
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- Billiton Holdings Pty Ltd - Australia
- Salva Resources Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Mineral Development Corp Ltd - India
- Xindia Steels Limited - India
- Port Waratah Coal Services - Australia
- International Coal Ventures Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- CIMB Investment Bank - Malaysia
- The Treasury - Australian Government
- OPG Power Generation Pvt Ltd - India
- Ministry of Finance - Indonesia
- Chamber of Mines of South Africa
- Bhatia International Limited - India
- Wood Mackenzie - Singapore
- Coalindo Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Sojitz Corporation - Japan
- Renaissance Capital - South Africa
- Goldman Sachs - Singapore
- Kepco SPC Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vedanta Resources Plc - India
- Romanian Commodities Exchange
- Tata Chemicals Ltd - India
- Indian Oil Corporation Limited
- Ind-Barath Power Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mjunction Services Limited - India
- Banpu Public Company Limited - Thailand
- Manunggal Multi Energi - Indonesia
- Rio Tinto Coal - Australia
- Singapore Mercantile Exchange
- Indian Energy Exchange, India
- Bhushan Steel Limited - India
- New Zealand Coal & Carbon
- Deloitte Consulting - India
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Mines - Canada
- Uttam Galva Steels Limited - India
- ASAPP Information Group - India
- Marubeni Corporation - India
- Kaltim Prima Coal - Indonesia
- MS Steel International - UAE
- Indonesian Coal Mining Association
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Standard Chartered Bank - UAE
- Bukit Baiduri Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- SMG Consultants - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Leighton Contractors Pty Ltd - Australia
- Maharashtra Electricity Regulatory Commission - India
- Therma Luzon, Inc, Philippines
- Power Finance Corporation Ltd., India
- GMR Energy Limited - India
- Edison Trading Spa - Italy
- Planning Commission, India
- Wilmar Investment Holdings
- Bayan Resources Tbk. - Indonesia
- McConnell Dowell - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- GAC Shipping (India) Pvt Ltd
- Semirara Mining and Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Karaikal Port Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Baramulti Group, Indonesia
- Orica Mining Services - Indonesia
- Bharathi Cement Corporation - India
- Medco Energi Mining Internasional
- Antam Resourcindo - Indonesia
- Central Electricity Authority - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Star Paper Mills Limited - India
- Indo Tambangraya Megah - Indonesia
- Directorate Of Revenue Intelligence - India
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- Jaiprakash Power Ventures ltd
- PNOC Exploration Corporation - Philippines
- Sakthi Sugars Limited - India
- Miang Besar Coal Terminal - Indonesia
- Price Waterhouse Coopers - Russia
- Barasentosa Lestari - Indonesia
- Cement Manufacturers Association - India
- Aboitiz Power Corporation - Philippines
- Petron Corporation, Philippines
- Electricity Generating Authority of Thailand
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