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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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Saturday, 16 October 21
COAL IS 'KING' AS GAS PRICES SOAR, TOTAL CEO SAYS - AND IT’S BACKFIRING ON CLEANER ENERGY GOALS - CNBC
Surging natural gas prices have led to a jump in coal use, with plants in Europe and Asia firing back up as temperatures decline and the world grap ...
Saturday, 16 October 21
VIETNAM'S COAL-FIRED POWER MAY DOUBLE BY 2030 UNDER DRAFT ENERGY PLAN - REUTERS
Vietnam may double the amount of coal-fired electric generation it installs by 2030 under a draft power development plan submitted to the prime min ...
Friday, 15 October 21
AUSTRALIA'S WHITEHAVEN EXPECTS TO BE DEBT-FREE NEXT YEAR AS COAL PRICES SOAR - REUTERS
Australia’s Whitehaven Coal WHC.AX said on Thursday it expects to be debt-free by early 2022, as thermal coal prices surge to record highs on ...
Friday, 15 October 21
WINTER CHILL KEEPS CHINA'S COAL PRICES HIGH, POWER CRUNCH STOKES INFLATION - REUTERS
China coal prices held near record highs on Thursday as cold weather swept into the country’s north and power plants stocked up on the fuel t ...
Friday, 15 October 21
GLOBAL STEEL DEMAND GROWTH DOWNGRADED FOR 2021 DUE TO CHINA - WORLD STEEL ASSOCIATION
The World Steel Association (worldsteel) today released an update of its Short Range Outlook (SRO) for 2021 and 2022. worldsteel forecasts that ste ...
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- Mintek Dendrill Indonesia
- Altura Mining Limited, Indonesia
- LBH Netherlands Bv - Netherlands
- Merrill Lynch Commodities Europe
- Global Green Power PLC Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Ministry of Mines - Canada
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Star Paper Mills Limited - India
- Formosa Plastics Group - Taiwan
- CNBM International Corporation - China
- Eastern Energy - Thailand
- India Bulls Power Limited - India
- Videocon Industries ltd - India
- Chamber of Mines of South Africa
- Dalmia Cement Bharat India
- Australian Coal Association
- Larsen & Toubro Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Energy Development Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- IHS Mccloskey Coal Group - USA
- Posco Energy - South Korea
- Grasim Industreis Ltd - India
- Global Coal Blending Company Limited - Australia
- GMR Energy Limited - India
- Aboitiz Power Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- Lanco Infratech Ltd - India
- Bukit Makmur.PT - Indonesia
- Indo Tambangraya Megah - Indonesia
- Port Waratah Coal Services - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Uttam Galva Steels Limited - India
- Krishnapatnam Port Company Ltd. - India
- Aditya Birla Group - India
- Bulk Trading Sa - Switzerland
- Jaiprakash Power Ventures ltd
- Madhucon Powers Ltd - India
- Sakthi Sugars Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- VISA Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Transport, Egypt
- Billiton Holdings Pty Ltd - Australia
- Siam City Cement - Thailand
- PTC India Limited - India
- Cigading International Bulk Terminal - Indonesia
- White Energy Company Limited
- Salva Resources Pvt Ltd - India
- Rio Tinto Coal - Australia
- San Jose City I Power Corp, Philippines
- Central Java Power - Indonesia
- The Treasury - Australian Government
- International Coal Ventures Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Coastal Gujarat Power Limited - India
- Parry Sugars Refinery, India
- Sical Logistics Limited - India
- Central Electricity Authority - India
- Timah Investasi Mineral - Indoneisa
- Electricity Generating Authority of Thailand
- Bhushan Steel Limited - India
- Pendopo Energi Batubara - Indonesia
- TeaM Sual Corporation - Philippines
- Ministry of Finance - Indonesia
- European Bulk Services B.V. - Netherlands
- Standard Chartered Bank - UAE
- GAC Shipping (India) Pvt Ltd
- Straits Asia Resources Limited - Singapore
- Barasentosa Lestari - Indonesia
- Sindya Power Generating Company Private Ltd
- Australian Commodity Traders Exchange
- Heidelberg Cement - Germany
- Iligan Light & Power Inc, Philippines
- Planning Commission, India
- Gujarat Sidhee Cement - India
- Therma Luzon, Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Savvy Resources Ltd - HongKong
- Global Business Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Indogreen Group - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bangladesh Power Developement Board
- Toyota Tsusho Corporation, Japan
- Parliament of New Zealand
- Holcim Trading Pte Ltd - Singapore
- Latin American Coal - Colombia
- Kumho Petrochemical, South Korea
- Chettinad Cement Corporation Ltd - India
- Romanian Commodities Exchange
- Africa Commodities Group - South Africa
- Kartika Selabumi Mining - Indonesia
- ASAPP Information Group - India
- Xindia Steels Limited - India
- Economic Council, Georgia
- Coal and Oil Company - UAE
- Kepco SPC Power Corporation, Philippines
- Indian Energy Exchange, India
- Carbofer General Trading SA - India
- Mercuria Energy - Indonesia
- Anglo American - United Kingdom
- Bukit Baiduri Energy - Indonesia
- Sojitz Corporation - Japan
- Karbindo Abesyapradhi - Indoneisa
- Eastern Coal Council - USA
- McConnell Dowell - Australia
- Bhatia International Limited - India
- Maharashtra Electricity Regulatory Commission - India
- New Zealand Coal & Carbon
- Attock Cement Pakistan Limited
- Renaissance Capital - South Africa
- Baramulti Group, Indonesia
- OPG Power Generation Pvt Ltd - India
- Deloitte Consulting - India
- Orica Mining Services - Indonesia
- Electricity Authority, New Zealand
- Commonwealth Bank - Australia
- SMC Global Power, Philippines
- Antam Resourcindo - Indonesia
- Bhoruka Overseas - Indonesia
- MS Steel International - UAE
- Agrawal Coal Company - India
- Sinarmas Energy and Mining - Indonesia
- Meralco Power Generation, Philippines
- Sree Jayajothi Cements Limited - India
- Sarangani Energy Corporation, Philippines
- Malabar Cements Ltd - India
- Wilmar Investment Holdings
- Ambuja Cements Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Cement Manufacturers Association - India
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- Petron Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Binh Thuan Hamico - Vietnam
- Minerals Council of Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Thai Mozambique Logistica
- Maheswari Brothers Coal Limited - India
- Siam City Cement PLC, Thailand
- Directorate Of Revenue Intelligence - India
- Trasteel International SA, Italy
- Marubeni Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- Coalindo Energy - Indonesia
- GVK Power & Infra Limited - India
- Tata Chemicals Ltd - India
- Miang Besar Coal Terminal - Indonesia
- PowerSource Philippines DevCo
- Simpson Spence & Young - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Makarim & Taira - Indonesia
- Indika Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Vedanta Resources Plc - India
- SMG Consultants - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Semirara Mining Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Edison Trading Spa - Italy
- Banpu Public Company Limited - Thailand
- Kohat Cement Company Ltd. - Pakistan
- South Luzon Thermal Energy Corporation
- Mjunction Services Limited - India
- Mercator Lines Limited - India
- Vizag Seaport Private Limited - India
- Singapore Mercantile Exchange
- CIMB Investment Bank - Malaysia
- Indian Oil Corporation Limited
- Medco Energi Mining Internasional
- Goldman Sachs - Singapore
- SN Aboitiz Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Thiess Contractors Indonesia
- Tamil Nadu electricity Board
- Indonesian Coal Mining Association
- Rashtriya Ispat Nigam Limited - India
- Metalloyd Limited - United Kingdom
- Essar Steel Hazira Ltd - India
- Borneo Indobara - Indonesia
- Interocean Group of Companies - India
- Orica Australia Pty. Ltd.
- PetroVietnam Power Coal Import and Supply Company
- ICICI Bank Limited - India
- Ind-Barath Power Infra Limited - India
- Ceylon Electricity Board - Sri Lanka
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kideco Jaya Agung - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Independent Power Producers Association of India
- Price Waterhouse Coopers - Russia
- Oldendorff Carriers - Singapore
- Wood Mackenzie - Singapore
- The State Trading Corporation of India Ltd
- PNOC Exploration Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- The University of Queensland
- Meenaskhi Energy Private Limited - India
- Riau Bara Harum - Indonesia
- Globalindo Alam Lestari - Indonesia
- Energy Link Ltd, New Zealand
- IEA Clean Coal Centre - UK
- Georgia Ports Authority, United States
- London Commodity Brokers - England
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bharathi Cement Corporation - India
- Samtan Co., Ltd - South Korea
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