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Monday, 21 January 19
HARD COAL WORLD TRADE IN 2018 RISES BY 3.7 PER CENT; GLOBAL HARD COAL PRODUCTION INCREASES BY 1.7 PER CENT - VDKI
 Global Hard Coal Production Increases By 1.7%.
According to provisional calculations by the German Coal Importer Association (VDKi), hard coal world trade in 2018 rose by 3.7% to 1,202 million tonnes while global hard coal production increased by 1.7% to 7.1 billion tonnes. India’s production alone rose by 54 million tonnes (8.2%) to 714 million tonnes. Seaborne exports in Australia, Indonesia, Russia and the USA (i.e. in all important export countries) increased.
The German Coal Importer Association further noted in its latest press release, the German hard coal imports moved contrary to the global trend and fell massively by 7 million tonnes (about 13%). While imports of coking coal fell by 5%, the imports of steam coal collapsed by 17%. The causes for the collapse are the growing electric power generation from renewable energy sources and the heightened competition with natural gas after the strong rise in the CO2 price.
The association says, the German steam coal imports collapse by 17% in 2018 – use of hard coal for electric power generation has been cut in half since 1990. The existing hard coal- and natural gas-fired power plants will be needed to balance fluctuations in the feed-in from renewable energy sources as long as there are no practical and competitive means of storage.
The large producing countries China and India are simultaneously large consumers of import coal and important pillars of hard coal world trade. The growth in hard coal world trade is also a result of the growing demand in South-east Asia.
These figures more than clearly demonstrate that the exit from hard coal-fired generation of electric power is already reality in Germany said VDKi. Nevertheless, the existing hard coal- and natural gas-fired power plants will be needed to balance fluctuations in the feed-in from renewable energy sources as long as there are no practical and competitive means of storage.
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- MS Steel International - UAE
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- Eastern Energy - Thailand
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- Coalindo Energy - Indonesia
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- New Zealand Coal & Carbon
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- Metalloyd Limited - United Kingdom
- Interocean Group of Companies - India
- McConnell Dowell - Australia
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- Global Business Power Corporation, Philippines
- Posco Energy - South Korea
- Parry Sugars Refinery, India
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- GVK Power & Infra Limited - India
- Chamber of Mines of South Africa
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- SMC Global Power, Philippines
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- Agrawal Coal Company - India
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- San Jose City I Power Corp, Philippines
- Baramulti Group, Indonesia
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- Intertek Mineral Services - Indonesia
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- Merrill Lynch Commodities Europe
- PowerSource Philippines DevCo
- Kumho Petrochemical, South Korea
- The University of Queensland
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Makmur.PT - Indonesia
- Directorate Of Revenue Intelligence - India
- Antam Resourcindo - Indonesia
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- GMR Energy Limited - India
- Bulk Trading Sa - Switzerland
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- IEA Clean Coal Centre - UK
- GAC Shipping (India) Pvt Ltd
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- Alfred C Toepfer International GmbH - Germany
- Australian Commodity Traders Exchange
- Malabar Cements Ltd - India
- Jaiprakash Power Ventures ltd
- Ambuja Cements Ltd - India
- Sical Logistics Limited - India
- Meralco Power Generation, Philippines
- SN Aboitiz Power Inc, Philippines
- Larsen & Toubro Limited - India
- Miang Besar Coal Terminal - Indonesia
- Standard Chartered Bank - UAE
- Samtan Co., Ltd - South Korea
- Kalimantan Lumbung Energi - Indonesia
- Port Waratah Coal Services - Australia
- Bangladesh Power Developement Board
- Kepco SPC Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Price Waterhouse Coopers - Russia
- Rashtriya Ispat Nigam Limited - India
- International Coal Ventures Pvt Ltd - India
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- Neyveli Lignite Corporation Ltd, - India
- Simpson Spence & Young - Indonesia
- Chettinad Cement Corporation Ltd - India
- VISA Power Limited - India
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- Commonwealth Bank - Australia
- Romanian Commodities Exchange
- Renaissance Capital - South Africa
- AsiaOL BioFuels Corp., Philippines
- Sakthi Sugars Limited - India
- White Energy Company Limited
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- Independent Power Producers Association of India
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- Mjunction Services Limited - India
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- Cigading International Bulk Terminal - Indonesia
- OPG Power Generation Pvt Ltd - India
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- Georgia Ports Authority, United States
- Tata Chemicals Ltd - India
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- SMG Consultants - Indonesia
- Mintek Dendrill Indonesia
- Eastern Coal Council - USA
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- Formosa Plastics Group - Taiwan
- IHS Mccloskey Coal Group - USA
- Grasim Industreis Ltd - India
- Edison Trading Spa - Italy
- Africa Commodities Group - South Africa
- Petron Corporation, Philippines
- The Treasury - Australian Government
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