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Thursday, 13 June 13
HARD COAL IMPORTS RISE SHARPLY IN GERMANY IN Q1 2013 - COAL IMPORTERS ASSOCIATION
 Coal-fired Power Plants in Germany: Pillars of the Grid and the Energy Turnaround; Hard Coal Consumption and Hard Coal Imports Rise Sharply in Germany in Q1 2013
COALspot.com - The Coal Importer Association (Verein der Kohlenimporteure e.V., VDKi) of Germany presented the initial figures from the world hard coal market and the German hard coal import market for Q1 2013 at its annual Members’ Assembly, held in Hamburg.
During his report to the members, Dr Wolfgang Cieslik, the Coal Importer Association’s CEO and executive officer at Steag GmbH, spoke about current topics of interest for the energy economy.
World Hard Coal Consumption
The rise in world consumption of hard coal in 2011 by 2.3% (= 380 million TCE) to 17.3 billion TCE was primarily a consequence of the rise in hard coal consumption of about 5% (= 240 million TCE) to 5.5 billion TCE. The VDKi expects yet another worldwide increase in hard coal consumption of about 300 million tonnes, corresponding to growth of over 5%, for 2012.
When it came to predictions for 2013, the Coal Importer Association showed its cautious side: economic outlook for 2013 tends to be rather reserved for the OECD, and even the economies in the Asian countries, previously the driving factor behind the dynamics, have lost some of their impetus. The recession is apparently taking hold in Europe and has reached Germany as well. As a consequence, the Coal Importer Association determined stagnation or only a slight rise in the demand for electric power at the end of Q1 as well as a decline in iron and steel production in the Pacific region.
According to the estimates by the Coal Importer Association, seaborne global hard coal trade grew by only 47 million tonnes (slightly over 4%) during the first three months of this year.
Europe and Germany
The situation appears rather different in Europe. Essentially, Europe currently has large surpluses. The only contrary trend is that the declining hard coal output in Germany, Spain and Poland is being compensated in part by imports. However, the recession, above all in the Southern European countries of the euro zone which are still in crisis, has caused lower power consumption. The long winter and the lower clean dark spread (costs for coal, freight and CO2 certificates) in comparison with the clean spark spread (costs for gas, transport and CO2 certificates) favour coal imports to Europe, especially to Germany, the UK, Spain and Italy.
On the other hand, the continued growth in the feed-in of power from renewable energy sources, especially from photovoltaics, in Germany, Italy and Spain could have a dampening effect on the demand for coal, especially in the summer months. In this respect, the utilization of steam coal is increasingly becoming an inverse function of the amount of sunlight.
Nevertheless, the results from the first quarter of 2013 for Germany give the VDKi reason to be cautiously optimistic:
-- Power generation from hard coal-fired power plants in Germany rose by an estimated 3 TWh to about 42 TWh;
-- According to data from the AGEB, hard coal consumption for power generation rose by 14.5% to 14.5 million TCE;
-- Provisional calculations from the Coal Importer Association shows that the import of steam coal increased by about 2 million tonnes to over 10 million tonnes;
-- Gross power export rose by almost 70% in comparison with the same period of the previous year to 21 TWh; less imports, there is still an export surplus of 12 TWh, generated primarily in hard coal-fired power plants.
In his remarks on the energy business, the CEO paid special attention to the future role of hard coal-fired power plants for the energy turnaround.
“They are not only indispensable for the energy turnaround, they are in actual fact the true pillars of the grid, and will remain so today and tomorrow. This has been unambiguously documented in the Prognos study commissioned by the Coal Importer Association. Starting from the basis of the targets set forth by the German government, the study comes to the conclusion that the thermal hard coal-fired power plants and their dependable availability will remain the foundation of power supply security even in 2050, despite the growing generation of power from wind and photovoltaic farms.” But Cieslik warned against becoming too euphoric.
According to Cieslik, “The thermal power plants urgently need a new power market design within a functioning energy-only market. The current market design distorts competition, featuring as it does subsidies of renewable energies via the EEG and the right to prioritised feed-in regardless of the actual demand for power, and puts thermal power plants at a competitive disadvantage, posing a genuine threat to their continued operation and evolvement for the security of supplies and the affordability of power.” Since politicians are generally aware of this and enough proposals for a revision of the power market, in particular the introduction of capacity markets, have been put on the table, Cieslik is calling for the political world to come up with a new power market design, one which also includes a reform of the EEG.
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Regarding the countries of origin, strikes and other supply disruptions in Colombia significantly shifted the relationships among procurement sources during the first quarter. 31% of all hard coal was procured from Russia, followed by 23% from the USA. Colombia, the second-most important coal supplier for Germany in 2012, fell to third place and provided only 14%. The significance of South Africa for German hard coal imports improved again to 9%.
Source: Coal Importer Association, Germany (Verein der Kohlenimporteure e.V., VDKi)
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Wednesday, 01 May 13
NEWCASTLE PORT SHIPPED 23.14 PER CENT MORE COAL WEEK ON WEEK
COALspot.com - Newcastle port in Australia has loaded 2,997,729 tons of thermal and coking coal for week ended 0700 hours 29 April 2013, Newca ...
Tuesday, 30 April 13
KATINGAN RIA THERMAL COAL TO START PRODUCTION FROM EARLY 2014
COALspot.com - Realm Resources Ltd. (ASX: RRP) has announced the completion of the Feasibility Study for its 51% owned Katingan Ria thermal co ...
Monday, 29 April 13
FIRST TRADES OF SGX API 8 CFR SOUTH CHINA COAL SWAP
COALspot.com - The SGX API 8 CFR South China Coal Swap went live for clearing on SGX-DC today with a total volume of 25,000 metric tonnes (25 lots). ...
Sunday, 28 April 13
SUB BIT INDONESIA COAL & CFR SOUTH CHINA COAL SWAPS STAY POSITIVE
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average May 2013 delivery has gained 0.34 percent and CFR South China coal shipment gai ...
Sunday, 28 April 13
PANAMAX FREIGHT COULD BE SOFT NEXT WEEK - CAPT. REDDY
COALspot.com - This BDI closed slightly lower at 871 points (down by 1.91 pct) mainly due to drop in the Panamax index by almost 10 pct.
Th ...
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- TeaM Sual Corporation - Philippines
- Mercuria Energy - Indonesia
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- Manunggal Multi Energi - Indonesia
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- GMR Energy Limited - India
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- Banpu Public Company Limited - Thailand
- Sarangani Energy Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Mjunction Services Limited - India
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- Bahari Cakrawala Sebuku - Indonesia
- Global Coal Blending Company Limited - Australia
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- Kobexindo Tractors - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
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- AsiaOL BioFuels Corp., Philippines
- Trasteel International SA, Italy
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- Kideco Jaya Agung - Indonesia
- IHS Mccloskey Coal Group - USA
- Commonwealth Bank - Australia
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- Merrill Lynch Commodities Europe
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- Toyota Tsusho Corporation, Japan
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- Intertek Mineral Services - Indonesia
- Kaltim Prima Coal - Indonesia
- New Zealand Coal & Carbon
- Planning Commission, India
- European Bulk Services B.V. - Netherlands
- Makarim & Taira - Indonesia
- OPG Power Generation Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Alfred C Toepfer International GmbH - Germany
- Oldendorff Carriers - Singapore
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- The State Trading Corporation of India Ltd
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- Xindia Steels Limited - India
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- Georgia Ports Authority, United States
- Aboitiz Power Corporation - Philippines
- Larsen & Toubro Limited - India
- PNOC Exploration Corporation - Philippines
- The Treasury - Australian Government
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- Orica Mining Services - Indonesia
- Ministry of Transport, Egypt
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- Vizag Seaport Private Limited - India
- Sinarmas Energy and Mining - Indonesia
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- Energy Development Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Wilmar Investment Holdings
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- Binh Thuan Hamico - Vietnam
- Central Electricity Authority - India
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- Sojitz Corporation - Japan
- Gujarat Electricity Regulatory Commission - India
- Meralco Power Generation, Philippines
- VISA Power Limited - India
- Eastern Energy - Thailand
- Kartika Selabumi Mining - Indonesia
- Petron Corporation, Philippines
- Indonesian Coal Mining Association
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- Energy Link Ltd, New Zealand
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- Global Business Power Corporation, Philippines
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- White Energy Company Limited
- Bangladesh Power Developement Board
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- McConnell Dowell - Australia
- Meenaskhi Energy Private Limited - India
- Wood Mackenzie - Singapore
- Rashtriya Ispat Nigam Limited - India
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- Orica Australia Pty. Ltd.
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- Goldman Sachs - Singapore
- Global Green Power PLC Corporation, Philippines
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- Karaikal Port Pvt Ltd - India
- Singapore Mercantile Exchange
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- SMC Global Power, Philippines
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- Simpson Spence & Young - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Uttam Galva Steels Limited - India
- Thiess Contractors Indonesia
- Edison Trading Spa - Italy
- Asmin Koalindo Tuhup - Indonesia
- Siam City Cement - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
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- Renaissance Capital - South Africa
- Heidelberg Cement - Germany
- Power Finance Corporation Ltd., India
- Mercator Lines Limited - India
- Bulk Trading Sa - Switzerland
- Posco Energy - South Korea
- GVK Power & Infra Limited - India
- Electricity Generating Authority of Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Standard Chartered Bank - UAE
- Globalindo Alam Lestari - Indonesia
- Parliament of New Zealand
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- Romanian Commodities Exchange
- Holcim Trading Pte Ltd - Singapore
- The University of Queensland
- Indian Oil Corporation Limited
- Bhatia International Limited - India
- Sindya Power Generating Company Private Ltd
- Cigading International Bulk Terminal - Indonesia
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- Tata Chemicals Ltd - India
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- Bukit Asam (Persero) Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- Australian Commodity Traders Exchange
- Ministry of Finance - Indonesia
- Indika Energy - Indonesia
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- Bukit Baiduri Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Antam Resourcindo - Indonesia
- Carbofer General Trading SA - India
- Directorate Of Revenue Intelligence - India
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- Coal and Oil Company - UAE
- Aditya Birla Group - India
- Miang Besar Coal Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Cement Manufacturers Association - India
- Malabar Cements Ltd - India
- South Luzon Thermal Energy Corporation
- Videocon Industries ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Sakthi Sugars Limited - India
- Latin American Coal - Colombia
- MS Steel International - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- CIMB Investment Bank - Malaysia
- IEA Clean Coal Centre - UK
- Independent Power Producers Association of India
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- Kumho Petrochemical, South Korea
- Attock Cement Pakistan Limited
- Semirara Mining and Power Corporation, Philippines
- Rio Tinto Coal - Australia
- SN Aboitiz Power Inc, Philippines
- Semirara Mining Corp, Philippines
- Straits Asia Resources Limited - Singapore
- Economic Council, Georgia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PowerSource Philippines DevCo
- Tamil Nadu electricity Board
- Metalloyd Limited - United Kingdom
- CNBM International Corporation - China
- Barasentosa Lestari - Indonesia
- ASAPP Information Group - India
- PTC India Limited - India
- Formosa Plastics Group - Taiwan
- Mintek Dendrill Indonesia
- Karbindo Abesyapradhi - Indoneisa
- London Commodity Brokers - England
- Price Waterhouse Coopers - Russia
- Africa Commodities Group - South Africa
- Leighton Contractors Pty Ltd - Australia
- Port Waratah Coal Services - Australia
- San Jose City I Power Corp, Philippines
- Chamber of Mines of South Africa
- LBH Netherlands Bv - Netherlands
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