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Thursday, 06 August 15
HARD COAL AND COKE IMPORTS TO GERMANY REACH NEW ALL-TIME HIGH OF 56.2M TONES IN 2014
 Demand for German and imported hard coal In 2014, in 2014 fell by almost 8%, or 4.8m TCE, to 56.2m TCE.
According to German Coal Importer Association, this was caused mainly by the overall decline of 3% in power generation and the overall downward trend of 4.7% in primary energy demand, which accordingly also had an impact on hard coal. Another factor was the growing proportions accounted for by renewable energies. As in the previous year, demand for hard coal was satisfied by imports in the amount of some 86% and by domestic coal in the amount of 14%. Total imports of hard coal and coke reached a new all-time high of 56.2m tonnes in 2014, an increase of 3.4m tonnes, or 6%, in comparison with 2013.
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According to press note, the focal point of hard coal sales comprises power plants, which dominate demand with 69% (previous year: 71%) and the iron and steel industry with 28% (previous year: 26%). The heating market plays only a subordinate role with 3%. As regards steam coal, Russia, the USA and Colombia largely satisfied the import needs, while coking coal demand was covered by Australia with a 45% market share, the USA with 29% and Canada with 13% as the main supplier countries.
Clear downward trends are discernible in power generation from hard coal-fired power plants in 2014. The hard coal-fired power plants delivered 109 TWh, some 10% less power than in the previous year. This left hard coal with a share of just under 18% in the energy mix for 2014. But the other conventional types of power generation , too, had negative year-on-year results: lignite -3.2%, nuclear energy -0.2%, natural gas -13.7% and oil - 6.6%.
The balance in the power exchange (the total of exports less imports) came to around 36 TWh in 2014. This corresponds to an increase of 5% in comparison with 2013. The price advantage of coal compared with gas (the difference between the so-called "clean dark spread" less the "clean spark spread") fluctuated between 6 and 37 €/MWh last year. This favourable result for hard coal should not, however, blind one to the reality that almost all gas-fired and very many coal-fired power plants are now making losses and that power revenues are often insufficient to cover the fuel costs.
The VDKi takes a differentiated view of the statement in the white paper. The following should continue to be designated as the basis for market's further development into the energy market 2.0:
- security of supply
- cost efficiency
- innovation and sustainability.
These criteria have been satisfied by power generation from hard coal in the past and the present and will continue to be satisfied in the future. This makes the discrimination against hard coal, which could not have been made more obvious than in the new CHP regulations, impossible to comprehend. In addition to the fact that the expansion target of 25% is being subverted by a radical change in the basis, it is intended that only gas-fired CHP plants should be subsidised in the future. This is discriminatory and a deliberate damnification of highly efficient CHP from existing coal-fired power plants that contribute substantially to the reduction in CO2 emissions and fulfil the key requirements of the power market, said VDKi.
"We need a general framework that opens up a sustainable commercial perspective for hard coal for as long as hard coal continues to be allocated a central role for the safeguarding of renewable power generation, and therefore the success of the energy turnaround, for many years to come," said Dr Wolfgang Cieslik, VDKi CEO.
Despite the increase of 21% in steam coal imports in Q1 2015, the VDKi estimates that only 38m tonnes of steam coal and 53m tonnes of hard coal and coke in total, i.e. 5% less, will be imported during the whole of 2015.
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Friday, 07 August 15
COAL PRICE DEVELOPMENTS CAN ONLY BE DESCRIBED, SUCCINCTLY AS "OVERSUPPLY MEETS SUBDUED DEMAND" - VDKI
Coal Outlook 2015 – International
Regarding the outlook for global coal trading, two questions arise: firstly, “ whether the years of ...
Friday, 07 August 15
U.S. YEAR-TO-DATE COAL PRODUCTION TOTALED 528.1 MMST; DOWN 8.7% Y/Y - EIA
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 17.7 million shor ...
Thursday, 06 August 15
THE RATES FOR CAPES SHOOT UP LAST WEEK; GIVING THIS RECENT RALLY SOME MUCH NEEDED LEGS - INTERMODAL
COALspot.com: The Dry Bulk market noted another positive closing last week, entirely supported by Capesize performance, which managed to balance th ...
Thursday, 06 August 15
SEABORNE WORLD TRADE IN STEAM COAL GROWS BY 3% YOY - GERMAN COAL IMPORTER ASSOCIATION
Global trade with hard coal, at 1,272m tones in 2014, increased by 35m tonnes or 3% in comparison with the previous year.
According to associa ...
Wednesday, 05 August 15
SHIPPING MARKET INSIGHT - KATERINA RESTIS
On July 14th, 2015 a historical consensus was reached in Vienna between Iran and the five permanent members of the U.N. Security Council, plus Germ ...
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- Maheswari Brothers Coal Limited - India
- Orica Australia Pty. Ltd.
- Bukit Asam (Persero) Tbk - Indonesia
- Sojitz Corporation - Japan
- Posco Energy - South Korea
- The State Trading Corporation of India Ltd
- Manunggal Multi Energi - Indonesia
- TeaM Sual Corporation - Philippines
- Energy Link Ltd, New Zealand
- Interocean Group of Companies - India
- Vijayanagar Sugar Pvt Ltd - India
- Carbofer General Trading SA - India
- Bangladesh Power Developement Board
- Ambuja Cements Ltd - India
- Ministry of Mines - Canada
- Bhoruka Overseas - Indonesia
- Sakthi Sugars Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Vedanta Resources Plc - India
- Krishnapatnam Port Company Ltd. - India
- Karaikal Port Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Medco Energi Mining Internasional
- Madhucon Powers Ltd - India
- Barasentosa Lestari - Indonesia
- Dalmia Cement Bharat India
- Baramulti Group, Indonesia
- VISA Power Limited - India
- IHS Mccloskey Coal Group - USA
- Grasim Industreis Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- PowerSource Philippines DevCo
- Ministry of Finance - Indonesia
- CIMB Investment Bank - Malaysia
- Sree Jayajothi Cements Limited - India
- Global Green Power PLC Corporation, Philippines
- Central Electricity Authority - India
- GMR Energy Limited - India
- Siam City Cement PLC, Thailand
- Parry Sugars Refinery, India
- ICICI Bank Limited - India
- Mjunction Services Limited - India
- Therma Luzon, Inc, Philippines
- San Jose City I Power Corp, Philippines
- MS Steel International - UAE
- PTC India Limited - India
- India Bulls Power Limited - India
- Essar Steel Hazira Ltd - India
- Independent Power Producers Association of India
- Africa Commodities Group - South Africa
- Attock Cement Pakistan Limited
- Indo Tambangraya Megah - Indonesia
- European Bulk Services B.V. - Netherlands
- Heidelberg Cement - Germany
- Romanian Commodities Exchange
- Chettinad Cement Corporation Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Gujarat Electricity Regulatory Commission - India
- Kapuas Tunggal Persada - Indonesia
- The University of Queensland
- Makarim & Taira - Indonesia
- Mintek Dendrill Indonesia
- Videocon Industries ltd - India
- Indika Energy - Indonesia
- Malabar Cements Ltd - India
- Straits Asia Resources Limited - Singapore
- Wood Mackenzie - Singapore
- Global Business Power Corporation, Philippines
- Larsen & Toubro Limited - India
- International Coal Ventures Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Antam Resourcindo - Indonesia
- Samtan Co., Ltd - South Korea
- PetroVietnam Power Coal Import and Supply Company
- Intertek Mineral Services - Indonesia
- Thai Mozambique Logistica
- Indian Oil Corporation Limited
- Orica Mining Services - Indonesia
- Salva Resources Pvt Ltd - India
- GVK Power & Infra Limited - India
- Tata Chemicals Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Marubeni Corporation - India
- Star Paper Mills Limited - India
- Aditya Birla Group - India
- Trasteel International SA, Italy
- Renaissance Capital - South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Meralco Power Generation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- OPG Power Generation Pvt Ltd - India
- Ministry of Transport, Egypt
- Globalindo Alam Lestari - Indonesia
- Cement Manufacturers Association - India
- Energy Development Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- Power Finance Corporation Ltd., India
- Semirara Mining and Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Tamil Nadu electricity Board
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bharathi Cement Corporation - India
- IEA Clean Coal Centre - UK
- New Zealand Coal & Carbon
- Kepco SPC Power Corporation, Philippines
- Bhatia International Limited - India
- AsiaOL BioFuels Corp., Philippines
- Georgia Ports Authority, United States
- Ind-Barath Power Infra Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Kohat Cement Company Ltd. - Pakistan
- Edison Trading Spa - Italy
- Holcim Trading Pte Ltd - Singapore
- Gujarat Sidhee Cement - India
- Kideco Jaya Agung - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Indogreen Group - Indonesia
- Price Waterhouse Coopers - Russia
- SN Aboitiz Power Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Mercator Lines Limited - India
- Bukit Baiduri Energy - Indonesia
- Goldman Sachs - Singapore
- Electricity Authority, New Zealand
- LBH Netherlands Bv - Netherlands
- Coal and Oil Company - UAE
- Sindya Power Generating Company Private Ltd
- Miang Besar Coal Terminal - Indonesia
- Planning Commission, India
- Latin American Coal - Colombia
- Rio Tinto Coal - Australia
- Formosa Plastics Group - Taiwan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Uttam Galva Steels Limited - India
- Xindia Steels Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Oldendorff Carriers - Singapore
- CNBM International Corporation - China
- Global Coal Blending Company Limited - Australia
- SMG Consultants - Indonesia
- Minerals Council of Australia
- Kaltim Prima Coal - Indonesia
- Semirara Mining Corp, Philippines
- Economic Council, Georgia
- Directorate Of Revenue Intelligence - India
- Altura Mining Limited, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kartika Selabumi Mining - Indonesia
- Bukit Makmur.PT - Indonesia
- Vizag Seaport Private Limited - India
- Mercuria Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Jaiprakash Power Ventures ltd
- Anglo American - United Kingdom
- Pipit Mutiara Jaya. PT, Indonesia
- White Energy Company Limited
- Electricity Generating Authority of Thailand
- Riau Bara Harum - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Toyota Tsusho Corporation, Japan
- GAC Shipping (India) Pvt Ltd
- The Treasury - Australian Government
- Aboitiz Power Corporation - Philippines
- Borneo Indobara - Indonesia
- Bhushan Steel Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Australian Coal Association
- South Luzon Thermal Energy Corporation
- Siam City Cement - Thailand
- Meenaskhi Energy Private Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Savvy Resources Ltd - HongKong
- Jindal Steel & Power Ltd - India
- Singapore Mercantile Exchange
- Port Waratah Coal Services - Australia
- London Commodity Brokers - England
- Simpson Spence & Young - Indonesia
- Sical Logistics Limited - India
- Metalloyd Limited - United Kingdom
- Sarangani Energy Corporation, Philippines
- Standard Chartered Bank - UAE
- Deloitte Consulting - India
- Indonesian Coal Mining Association
- Eastern Energy - Thailand
- SMC Global Power, Philippines
- PNOC Exploration Corporation - Philippines
- ASAPP Information Group - India
- Australian Commodity Traders Exchange
- Coalindo Energy - Indonesia
- Indian Energy Exchange, India
- Alfred C Toepfer International GmbH - Germany
- Directorate General of MIneral and Coal - Indonesia
- Agrawal Coal Company - India
- Central Java Power - Indonesia
- Kobexindo Tractors - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Lanco Infratech Ltd - India
- McConnell Dowell - Australia
- Timah Investasi Mineral - Indoneisa
- Wilmar Investment Holdings
- Bulk Trading Sa - Switzerland
- Pendopo Energi Batubara - Indonesia
- Eastern Coal Council - USA
- Petrochimia International Co. Ltd.- Taiwan
- Merrill Lynch Commodities Europe
- Parliament of New Zealand
- Commonwealth Bank - Australia
- Banpu Public Company Limited - Thailand
- Chamber of Mines of South Africa
- Petron Corporation, Philippines
- Thiess Contractors Indonesia
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