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Friday, 04 August 17
IMPORTED COAL CONTINUES TO BE A COMPETITIVE, SAFE AND RELIABLE ENERGY SOURCE FOR GERMANY - VDKI
 COALspot.com: Worldwide hard coal production in 2016 declined by 3.8% to 6.7 billion tonnes.
According to the Germany Coal Importers Association, the decrease was caused primarily by developments in China (-185 million tonnes) and the USA (-147 million tonnes). The shale gas boom was not the only factor playing a role in the USA. From the world market perspective, the USA is a supplier with relatively high costs, putting pressure on the industry. In China, the central government has begun shutting down unsafe and expensive mines. China’s imports rose to 124 million tonnes, however, especially as compensation for the production cutbacks resulting from limitations in working hours.
Existing generation capacity for imported hard coal is still best backup for the energy turnaround - VDKi
The coal importers association of Germany further said, if these two effects were excluded, world hard coal production would have risen by 64 million tonnes and not dropped by 268 million tonnes. Hard coal production rose in Colombia (+5.8%), Russia (+2.9%), Australia (+2.9%), India (+2.1%) and Indonesia (+1.2%). The rise in production in these countries is evidence that there are still countries with a growing demand for coal. While India produces a substantial part of its own demand, although nevertheless importing significant quantities from the world coal market, there are a number of ASEAN countries that are triggering a demand on the world coal market because of the demand for supplies to newly constructed hard coal-fired power plants.
The association further noted this is also why seaborne trade with steam coal dipped by only 0.7%. Seaborne trade with coking coal, on the other hand, shrank by 5.2%. The bottom line is that seaborne world trade declined by 1.8% from 1,135 million tonnes to 1,115 million tonnes. There was a significant slowdown in the drop in comparison with the previous year (-8.5%).
Imported coal continues to be a competitive, safe and reliable energy source - VDKi
This also put an end to the slump in coal prices. Compared to the lowest points, the price for steam coal had at one point doubled, and the price for coking coal had even trebled. This temporarily led to a shift in the competitive position of hard coal versus natural gas for power generation. In the meantime, prices have again dropped. Both of these temporary price movements were overreactions that resulted from the production cutbacks being implemented in China.
Germany Coal Importers Association strongly believe that the Imported coal continues to be a competitive, safe and reliable energy source in Germany. Since renewable energy sources alone cannot guarantee a secure supply, thermal power plant output will continue to be a critical pillar for a longer period of time. Hard coal is an ideal partner – the countries of origin are distributed all around the globe so that supplies are safe from crises. Nor can zero emissions be achieved using natural gas. If the German energy turnaround is to continue its success, it must be implemented in other sectors as well. In 2016, CO2 emissions rose in road traffic and for heating. The strongest growth in CO2 emissions came from the use of natural gas (9.5%).
Think tank: use of hard coal capacity more flexible than generally known - VDKi
Sector coupling will lead to a growing need for backup capacities to an even higher level than today so that the fluctuating supply from renewable energy sources can be compensated. It is economically efficient to use existing power plant capacities for this purpose, whether they are fired by coal or natural gas. The think tank Agora Energiewende recently determined that coal is much more flexible than is generally known. And coal is a bargain. European emissions trading will be a dependable method for reaching the CO2 reduction targets. A CO2 minimum price only makes the energy costs for German industry higher.
The conclusion: hard coal will be needed for a much longer time than many believe. Supplies are secure, the fuel can be used flexibly and is a bargain because it is subject to constant competition – to the benefit of consumers, Germany Coal Importers Association concluded.
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Wednesday, 31 May 17
MARKET INSIGHT - KONSTANTINOS KAKAVITSAS
In the next episode of the oil market; The market reacts to OPEC’s production cut extension, the US shale oil producers are ruining the carte ...
Tuesday, 30 May 17
MARKET ANALYSIS - GEORGE LAZARIDIS
Despite the fair performance that has been noted in the Chinese economy over the past 5 months, we have started to see an increase in the skepticis ...
Friday, 26 May 17
MOST COAL PLANTS IN THE UNITED STATES WERE BUILT BEFORE 1990 - EIA
Coal-fired electricity generators accounted for 25% of operating electricity generating capacity in the United States and generated about 30% of U. ...
Friday, 26 May 17
U.S WEEKLY COAL OUTPUT ESTIMATE UP 6.3% W/W
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 14.3 million short ton ...
Wednesday, 24 May 17
LR MARKET IT SEEMS THAT EARNINGS ARE STILL UNDER PRESSURE - INTERMODAL
As we are approaching the summer season, the Clean Product market appears poised to become more challenging, either on East or West of Suez.
L ...
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- Coastal Gujarat Power Limited - India
- Oldendorff Carriers - Singapore
- Indo Tambangraya Megah - Indonesia
- Iligan Light & Power Inc, Philippines
- Jindal Steel & Power Ltd - India
- Xindia Steels Limited - India
- SN Aboitiz Power Inc, Philippines
- Tata Chemicals Ltd - India
- Petron Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Parliament of New Zealand
- Sarangani Energy Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Bayan Resources Tbk. - Indonesia
- Economic Council, Georgia
- Latin American Coal - Colombia
- Sinarmas Energy and Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Africa Commodities Group - South Africa
- Sical Logistics Limited - India
- Gujarat Electricity Regulatory Commission - India
- Asmin Koalindo Tuhup - Indonesia
- Global Green Power PLC Corporation, Philippines
- Thai Mozambique Logistica
- Star Paper Mills Limited - India
- Australian Commodity Traders Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Straits Asia Resources Limited - Singapore
- Ambuja Cements Ltd - India
- IEA Clean Coal Centre - UK
- Directorate General of MIneral and Coal - Indonesia
- Borneo Indobara - Indonesia
- Price Waterhouse Coopers - Russia
- McConnell Dowell - Australia
- Simpson Spence & Young - Indonesia
- Vizag Seaport Private Limited - India
- Meenaskhi Energy Private Limited - India
- Holcim Trading Pte Ltd - Singapore
- The State Trading Corporation of India Ltd
- Marubeni Corporation - India
- Billiton Holdings Pty Ltd - Australia
- Orica Australia Pty. Ltd.
- Minerals Council of Australia
- Merrill Lynch Commodities Europe
- Edison Trading Spa - Italy
- Bulk Trading Sa - Switzerland
- Uttam Galva Steels Limited - India
- Directorate Of Revenue Intelligence - India
- Dalmia Cement Bharat India
- OPG Power Generation Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Orica Mining Services - Indonesia
- Barasentosa Lestari - Indonesia
- Samtan Co., Ltd - South Korea
- Thiess Contractors Indonesia
- Posco Energy - South Korea
- Vedanta Resources Plc - India
- Indogreen Group - Indonesia
- Bhatia International Limited - India
- Salva Resources Pvt Ltd - India
- The Treasury - Australian Government
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Energy Development Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Kobexindo Tractors - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Leighton Contractors Pty Ltd - Australia
- Attock Cement Pakistan Limited
- Heidelberg Cement - Germany
- Miang Besar Coal Terminal - Indonesia
- Kepco SPC Power Corporation, Philippines
- SMC Global Power, Philippines
- Semirara Mining Corp, Philippines
- Altura Mining Limited, Indonesia
- Sojitz Corporation - Japan
- Carbofer General Trading SA - India
- Electricity Generating Authority of Thailand
- Central Electricity Authority - India
- Global Business Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Mintek Dendrill Indonesia
- Malabar Cements Ltd - India
- Global Coal Blending Company Limited - Australia
- LBH Netherlands Bv - Netherlands
- Therma Luzon, Inc, Philippines
- Meralco Power Generation, Philippines
- London Commodity Brokers - England
- Manunggal Multi Energi - Indonesia
- San Jose City I Power Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Krishnapatnam Port Company Ltd. - India
- PowerSource Philippines DevCo
- Makarim & Taira - Indonesia
- Bhushan Steel Limited - India
- Bukit Makmur.PT - Indonesia
- Formosa Plastics Group - Taiwan
- VISA Power Limited - India
- White Energy Company Limited
- Siam City Cement PLC, Thailand
- Indika Energy - Indonesia
- Eastern Coal Council - USA
- Mercator Lines Limited - India
- Indian Energy Exchange, India
- Semirara Mining and Power Corporation, Philippines
- Mjunction Services Limited - India
- Sakthi Sugars Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Kartika Selabumi Mining - Indonesia
- Savvy Resources Ltd - HongKong
- AsiaOL BioFuels Corp., Philippines
- Ministry of Finance - Indonesia
- Sindya Power Generating Company Private Ltd
- Eastern Energy - Thailand
- Kaltim Prima Coal - Indonesia
- PTC India Limited - India
- Wood Mackenzie - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Planning Commission, India
- Ministry of Transport, Egypt
- Sree Jayajothi Cements Limited - India
- Commonwealth Bank - Australia
- Gujarat Sidhee Cement - India
- Renaissance Capital - South Africa
- SMG Consultants - Indonesia
- Kumho Petrochemical, South Korea
- Goldman Sachs - Singapore
- Wilmar Investment Holdings
- Bukit Asam (Persero) Tbk - Indonesia
- South Luzon Thermal Energy Corporation
- PNOC Exploration Corporation - Philippines
- Lanco Infratech Ltd - India
- Indian Oil Corporation Limited
- Bukit Baiduri Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Power Finance Corporation Ltd., India
- Baramulti Group, Indonesia
- GMR Energy Limited - India
- India Bulls Power Limited - India
- Interocean Group of Companies - India
- New Zealand Coal & Carbon
- ICICI Bank Limited - India
- Australian Coal Association
- Videocon Industries ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- ASAPP Information Group - India
- Electricity Authority, New Zealand
- Deloitte Consulting - India
- Ministry of Mines - Canada
- Bahari Cakrawala Sebuku - Indonesia
- Agrawal Coal Company - India
- Georgia Ports Authority, United States
- Karbindo Abesyapradhi - Indoneisa
- Jaiprakash Power Ventures ltd
- Indonesian Coal Mining Association
- Riau Bara Harum - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- GVK Power & Infra Limited - India
- Chamber of Mines of South Africa
- Energy Link Ltd, New Zealand
- Rashtriya Ispat Nigam Limited - India
- Timah Investasi Mineral - Indoneisa
- CNBM International Corporation - China
- Cement Manufacturers Association - India
- Pendopo Energi Batubara - Indonesia
- International Coal Ventures Pvt Ltd - India
- Medco Energi Mining Internasional
- Siam City Cement - Thailand
- Anglo American - United Kingdom
- Coal and Oil Company - UAE
- Aboitiz Power Corporation - Philippines
- Port Waratah Coal Services - Australia
- Neyveli Lignite Corporation Ltd, - India
- Central Java Power - Indonesia
- Cigading International Bulk Terminal - Indonesia
- CIMB Investment Bank - Malaysia
- Standard Chartered Bank - UAE
- Larsen & Toubro Limited - India
- Bharathi Cement Corporation - India
- Kideco Jaya Agung - Indonesia
- Bhoruka Overseas - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Singapore Mercantile Exchange
- Independent Power Producers Association of India
- Romanian Commodities Exchange
- GAC Shipping (India) Pvt Ltd
- Parry Sugars Refinery, India
- Maheswari Brothers Coal Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- TeaM Sual Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Essar Steel Hazira Ltd - India
- Binh Thuan Hamico - Vietnam
- Mercuria Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Madhucon Powers Ltd - India
- Rio Tinto Coal - Australia
- The University of Queensland
- Bangladesh Power Developement Board
- Aditya Birla Group - India
- Trasteel International SA, Italy
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coalindo Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Grasim Industreis Ltd - India
- Kapuas Tunggal Persada - Indonesia
- IHS Mccloskey Coal Group - USA
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Antam Resourcindo - Indonesia
- Tamil Nadu electricity Board
- Kohat Cement Company Ltd. - Pakistan
- Bank of Tokyo Mitsubishi UFJ Ltd
- MS Steel International - UAE
- European Bulk Services B.V. - Netherlands
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