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Friday, 22 October 21
HARD COAL REMAINS AN IMPORTANT FACTOR FOR SECURITY OF SUPPLY - COAL IMPORTERS ASSOCIATION, GERMANY
 - Hard coal remains an important factor for security of supply
- Increase of around 35% in hard-coal-fired power generation in the first three quarters of 2021
- Availability not a problem; hard coal will continue to secure energy transition
- China dominates demand on world market, Russian exports stutter, South Africa steps in
Press Release: The course of 2021 illustrates very clearly that security of supply is and will remain one of the most important issues in the German energy transition.
The expansion of supply-dependent renewable energy, wind and solar, is the heart of energy policy. A further increase in the share of renewable energies increases the need to reserve available capacity. This is because adequate, controllable and secured power must be available in the event of dark periods. And in phases of prolonged dark lulls, the high demand in Germany cannot be met either by importing electricity from neighboring countries or by incentivizing flexibility on the electricity demand side. Hard coal can and will be a reliable partner for security of supply in Germany during its allotted remaining lifetime - not only for electricity, but also for district heating in a transitional period.
In order to enable the transformation to a sustainable and secure energy supply and to offer the companies and their employees prospects for the future, energy policy decisions are needed quickly which also affect the market design.
The high demand for electricity due to the recovery of German industrial production after the pandemic-related economic slump in 2020 and the low availability of wind power have significantly reduced the share of renewables in electricity generation. Hard coal has filled much of this gap and made an important and reliable contribution to power generation. In the first three quarters of 2021, the amount of electricity generated from hard coal increased by around 35% to almost 37 TWh. With 8.6%, hard coal made a significant contribution to security of supply, impressively underlining its important role in securing the energy transition. For the calendar year 2021, the VDKi expects hard coal imports to Germany to reach a level of 38-39 million t, which is likely to be around 6 - 7 million above the previous year.
On the world market for steam coal, China continues to be the dominant factor on the demand side. In the run-up to the celebrations to mark the 100th Party anniversary, the country's own coal production capacities were scaled down for health and safety reasons. Following the Covid-comeback of the Chinese economy, this capacity is now missing, but is being structurally rebuilt. The post-pandemic restart is also causing problems for Russian coal exports, with rail logistics currently lagging badly behind requirements. The Russian gap is being filled for Europe by coal from South Africa, which currently is increasingly entering the ARA (Amsterdam/Rotterdam/Antwerp) markets after a long absence.
Despite the sharp rise in global demand for hard coal, the German market was reliably served. The highly fluctuating demand situation posed an enormous challenge for inland logistics.
The sharp rise in the price of coal since the beginning of the year, currently forward price of 230 USD/t for October and 170 USD/t for November, has not led to a cooling of demand for coal. As the price of natural gas, a competitive energy, has risen much more sharply than coal, the use of hard coal is economically attractive despite high CO2 prices. As a result of this highly volatile market situation, caused by the development of gas prices, the exchange prices for electricity have also risen significantly.
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Monday, 25 October 21
A QUESTION OF POSSESSION - THE BALTIC EXCHANGE
Possession and tangibility are closely related concepts long established under English law. Yet a change to these concepts is around the corner. Th ...
Monday, 25 October 21
CHINA VOWS TO SEVERELY PUNISH MARKET VIOLATIONS AMID LOW COAL FUTURES PRICES - GLOBAL TIMES
Domestic coal futures had plunged for three consecutive trading days after the government vowed to crack down on soaring prices, and China’s ...
Monday, 25 October 21
FARMERS MAY JOIN THE COAL COMMODITY MARKET TO REDUCE RISKS - GLOBAL TIMES
A recent trip to by the Global Times to East China’s Shandong Province to get a glimpse of China’s coal supply chain revealed a surpris ...
Monday, 25 October 21
CHINA COAL PRICES MARK WORST WEEK SINCE MAY ON GOVERNMENT INTERVENTION - REUTERS
China’s thermal coal futures plunged on Friday and turned in their worst week in five months, following Beijing’s strongest interventio ...
Friday, 22 October 21
THE BIG PICTURE: ENERGY MARKETS - BREAK WAVE ADVISORS
The shipping markets have been pulled further into wild markets of coal and other energy sources. Given how nebulous this sector is, it’s alw ...
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wilmar Investment Holdings
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- Directorate Of Revenue Intelligence - India
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- Bukit Makmur.PT - Indonesia
- Siam City Cement - Thailand
- Eastern Energy - Thailand
- Ministry of Mines - Canada
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Directorate General of MIneral and Coal - Indonesia
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- TeaM Sual Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Economic Council, Georgia
- Commonwealth Bank - Australia
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- Coal and Oil Company - UAE
- White Energy Company Limited
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- Meenaskhi Energy Private Limited - India
- Larsen & Toubro Limited - India
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- Ceylon Electricity Board - Sri Lanka
- Karaikal Port Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
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- PetroVietnam Power Coal Import and Supply Company
- PTC India Limited - India
- Siam City Cement PLC, Thailand
- Marubeni Corporation - India
- Formosa Plastics Group - Taiwan
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- Energy Development Corp, Philippines
- Parry Sugars Refinery, India
- The State Trading Corporation of India Ltd
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- Mintek Dendrill Indonesia
- TNB Fuel Sdn Bhd - Malaysia
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- Electricity Authority, New Zealand
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- Semirara Mining and Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
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- Indogreen Group - Indonesia
- PowerSource Philippines DevCo
- Georgia Ports Authority, United States
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- Edison Trading Spa - Italy
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- Kohat Cement Company Ltd. - Pakistan
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- Power Finance Corporation Ltd., India
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- Parliament of New Zealand
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- Jorong Barutama Greston.PT - Indonesia
- McConnell Dowell - Australia
- Sinarmas Energy and Mining - Indonesia
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- Deloitte Consulting - India
- Savvy Resources Ltd - HongKong
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- Ministry of Transport, Egypt
- Petron Corporation, Philippines
- IEA Clean Coal Centre - UK
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- Maheswari Brothers Coal Limited - India
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- Bangladesh Power Developement Board
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- Singapore Mercantile Exchange
- Independent Power Producers Association of India
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- Rio Tinto Coal - Australia
- CIMB Investment Bank - Malaysia
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- The Treasury - Australian Government
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- Minerals Council of Australia
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- New Zealand Coal & Carbon
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- Goldman Sachs - Singapore
- Altura Mining Limited, Indonesia
- Chamber of Mines of South Africa
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- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Billiton Holdings Pty Ltd - Australia
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- Planning Commission, India
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