Annual Report 2010 - Verein der Kohlenimporteure eV

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22 Steam Coal Market Price Quotations Prices for steam coal are being set more and more on coal exchanges, especially in Europe, with capital investors playing an increasingly important role. The number of participants in exchanges is rising. Today, the prices set on these exchanges are often used as benchmarks for settlements. On the other hand, transparency concerning the collection of other market data and the methods used to determine price indices could be improved. Otherwise there are no sufficient alternatives. Nevertheless, there are a number of indices (especially by McCloskey) for various regions, for example: and further indices are kept. It is very disconcerting, suitable index for coal transactions. The volume of paper trade has increased markedly since 2000, and amounted in 2010 to about 3.5 times total physical steam coal trade. Most paper trade is based on Atlantic region supply. In 2010, trading volume compared with 2009 increased by over 50%. The following chart shows the trend. Million t 3.000 2.800 2.600 2.400 2.200 2.000 1.800 1.600 1.400 1.200 1.000 800 600 400 200 0 Derivative Steam Coal Trade Volume 2000 – 2010 (maritim) 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Figure 11 Source: Perret Associates fob Newcastle OTC + gC API#4 API#2 In addition to the paper trading of steam coal, exchanges have been established in Europe to trade allowances under the EU Emissions Trading Scheme. Demand for Coking Coal Sharply Up Worldwide crude steel production in 2010 reached a new record of 1,414 million tonnes compared with 2009, up by 15% or 194 million tonnes. The greatest part of this increase was in OECD countries, Crude Steel Production Growth Trend and less so in Russia and China. In North America, crude steel 30,0% production 27,2% increased by nearly 36% compared 24,9% with 2009 and in Europe by approximately 19%. 20,0% 10,0% 0,0% -10,0% -20,0% -30,0% 10,5% 5,5% 2004 2005 2006 2007 2008 2009 2010 China 6,8% 0,3% 18,7% 9,0% 4,7% 16,7% 8,0% 2,3% -1,4% -3,4% -3,6% -8,30% Figure 12 Source: World Steel Association 13,00% -21,10% World World ex China
Pig iron production, which is relevant to coking coal, PCI coal and coke consumption, increased by 133 million tonnes from 898 million tonnes in 2009 to 1,031 million tonnes in 2010. Crude Steel and Pig Iron Production in China Growth 2008 2009 2010 2009/2010 Mt Mt Mt % Crude Steel 502 568 627 59 Pig Iron 471 544 590 46 Share Pig Iron in Crude Steel HT-W13 93.8% 95.8% 94% Due to China’s rising share of global steel production, from 38% in 2008 to 44% in 2010, its share of world pig iron production also increased. Global Crude Steel and Pig Iron Production 2008 Mt 2009 Mt 2010 Mt Change 2009/2010 % Crude Steel 1,330 1,220 1,414 16 Pig Iron 927 898 1,031 15 Share Pig Iron in Crude Steel HT-W14 69.7% 73.6% 73.0% Output from the world’s major steel producers developed as shown below in 2010. Major Steel Producing Countries in the World Country 2008 Mt 2009 Mt 2010 Mt China 502.0 568.0 626.7 Japan 118.7 88.0 109.6 USA 91.5 58.0 80.6 Russia 68.5 60.0 67.0 India 55.1 57.0 66.8 South Korea 53.5 49.0 58.5 Germany 45.8 33.0 43.8 Ukraine 37.1 30.0 33.6 Brazil 33.7 27.0 32.8 Turkey 26.8 25.0 29.0 Italy 30.5 20.0 25.8 World Total 1,330.0 1,220.0 1,414.0 HT-W15 Source: World Steel All countries could still increase steel production. Crude Steel and Pig Iron Production – Comparison of World and China Crude Steel: World excluding China China 2008 Mt 828 502 2009 Mt 652 568 2010 Mt 787 627 2009/2010 Change Mt 135 59 Total World Crude Steel 1,330 1,220 1,414 194 Pig Iron: World excluding China China 456 471 354 544 441 590 Total World Pig Iron 927 898 1,031 133 HT-W16 87 46 The strong growth of global crude steel production absorbed large quantities of coking coal from the international market. Weather-related restrictions towards the end of 2010, particularly in Australia, created a beginning supply shortage. 23
Page 1 and 2: ANNUAL REPORT 2011 Fakts and Trends
Page 3 and 4: Preamble - Environmentally-friendly
Page 5 and 6: Requirements of an Energy Policy to
Page 7 and 8: Global Economic Overview 21 st Worl
Page 9 and 10: caused by the resulting oil spill,
Page 11 and 12: Urbanization and Industrialization
Page 13 and 14: Coal remains the No. 1 source of en
Page 15 and 16: In 2010, hard coal output worldwide
Page 17 and 18: The current estimates of hard coal
Page 19 and 20: of world production was traded inte
Page 21: approximately 64 million tonnes to
Page 25 and 26: producers and consumers. The contra
Page 27 and 28: driven downturn in 2009, the IEA pr
Page 29 and 30: abate or reduce emissions become mo
Page 31 and 32: for companies participating in the
Page 33 and 34: EU Energy Mix 2010 within Power Gen
Page 35 and 36: 2. The Council still considers that
Page 37 and 38: GERMANY Strong GDP Growth of 3.6% i
Page 39 and 40: Photovoltaics made enormous progres
Page 41 and 42: Strong Market for Hard Coal in 2010
Page 43 and 44: This is what happened during the ye
Page 45 and 46: This stabilised prices and even pus
Page 47 and 48: The future of CDM after 2012 is unc
Page 49 and 50: Energy Concept - Biased Towards Cli
Page 51 and 52: European electricity market, overco
Page 53 and 54: with its extremely ambitious object
Page 55 and 56: Over the course of 2010, coking coa
Page 57 and 58: the necessary investment in solar e
Page 59 and 60: advantage of Germany’s export tra
Page 61 and 62: Raw Materials 2009 Mt Steel Industr
Page 63 and 64: therefore has the potential to incr
Page 65 and 66: COUNTRY REPORTS 2010-2011 AUSTRALIA
Page 67 and 68: is already being planned and operat
Page 69 and 70: Mt, allowing vessels of 60,000-180,
Page 71 and 72: Initial estimates indicate that ope
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2008 Mt 2) 2009 Mt 2) 2010 Mt 2) Ap
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Exports Colombia managed to increas
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2008 Mt 2009 Mt 2010 1) Mt Power Ge
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There has been a major shift in the
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According to information from Vinac
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Infrastructure China’s infrastruc
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Proposed projects include the Ukhaa
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VENEZUELA Production Internal polit
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World-Energy Consumption by Source
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Mill. t (t=t) 2008 2009 2010 Produc
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2008 2009 2010 Coking Coal Steam Co
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Exporting Countries Volatile Ash Mo
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Coke strength Fluidity Contraction
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Hard Coal Export of Indonesia 1,000
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Hard Coal Export of the United Stat
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Hard Coal Export of South Africa 1,
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Hard Coal Export of China 1,000 t I
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Hard Coal Imports of EU-Countries:
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Primary Energy Consumption in Germa
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Hard Coal Sales in Germany 1,000 t
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Steam Coal Coking Coal 2009 2010 An
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Crude Oil Prices European / Interna
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Quantities and Prices 1957 - 2010 Q
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AGEB (Arbeitsgemeinschaft Energiebi
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Member Company Area Code Phone Fax
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Member Company Area Code Phone Fax
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Disclaimer Whilst care has been tak
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