Annual Report 2010 - Verein der Kohlenimporteure eV

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42 Imports break down according to their quality as shown here: Imports According to Quality in Mt (t=t) Products 2008 2009 2010 Steam Coal Anthracite Coking Coal Coke 33.2 0.5 10.3 4.0 29.3 0.4 6.9 2.9 31.3 0.5 9.2 4.1 Total 48.0 39.5 45.1 It must be pointed out that the import figures for 2010, as in previous years, differ from the consumption figures due to stock movements. The steam coal was dominated by: The supply structure for steam coal is broadly diversified. Russia moved up to the position of largest supplier, followed by Colombia and Poland. South Africa and the USA also supplied significant tonnages. However, South Africa’s declining importance for the German market is an accelerating trend. The most important suppliers for coking coal were: Overall the supply structure for all coal qualities is broadly diversified and is sourced primarily from politically stable countries. There were no logistical problems in 2010. Steam Coal Imports into Germany (Inclusive Coke) Million t 50 40 30 20 10 0 2008 2009 2010 Other Australia America CIS Poland/Czech South Africa Figure 20 Sources: Statistisches Bundesamt, own calculations The approximately 45 million tonnes of imported coal entered Germany via the following transport routes: Transport Routes for Import Coal in Germany Transport Route 2008 Mt 2009 Mt 2010 1) Mt German Sea Ports 14.7 14.0 14.0 Rail 10.1 7.8 16.0 Barges from ARA Ports 23.2 18.2 15.0 Total 48.0 40.0 45.0 1) HT-D12 Energy Price Trends Diverge – Steam Coal Maintains Its Competitive Edge The major prices for steam coal competitors partly declined again in 2010, but others increased also like widely.
This is what happened during the year: Development of Energy Prices in 2010 01.01.2010 01.07.2010 31.12.2010 EUR/tce EUR/tce EUR/tce Heavy Fuel Oil (HFO) 255 276 287 Natural Gas / Power Plants 227 242 248 Import Coal Price cif ARA (spot market) HT-D13 81 85 104 recovered significantly over the course of 2010. Natural gas prices continued to deteriorate, but then recovered during the second half of the year. In particular, an abundant supply of LNG on the world market led to volatile prices on spot markets. In all market situations, import coal enjoyed a major competitive advantage in 2010 that diminished with respect to natural gas, because coal prices tightened sharply towards the end of the year. Energy Price Development as a Yearly Average 2009/2010 2008 2009 2010 Change €/tce % Heavy Fuel Oil (HFO) 275 208 270 29.8 Natural Gas / Power Plants 1) Cross-Border Price/Import 269 246 233 - 5.3 Coal 112 79 85 7.6 1) HT-D14 natural gas developed on the basis of the above values as shown below: Price Advantages of Imported Coal 2008 €/tce 2009 €/tce 2010 €/tce Import Coal versus HFO 163 129 185 Import Coal versus Gas HT-D15 157 167 148 Imported hard coal was able to maintain a significant Development of Energy Prices free Power Station euro/TCE 320 280 240 200 160 120 80 40 0 /08 Steam Coal Fuel Oil Heavy Gas Figure 21 Sources: Statistik der Kohlenwirtschaft- Gas preliminary, BAFA , own calculation s Prices for steam coal and coke are in line with shortterm market trends. Coking coal prices are generally negotiated annually and price increases/decreases appeared in the cross-border prices after a certain delay during the year. In 2010, a major change occurred. Large players on the market announced at relatively short notice that in future only quarterly prices would be agreed. Other coking coal exporters followed, although some, above all American companies, continue to offer yearly prices. The aim of quarterly pricing is to reflect more quickly the market situation as well as to push coking coal as a “commodity” and thus enable the use of financial products to secure prices. This change was and is a major problem for the steel industry, because it trades with its customers using yearly prices and it would be 43
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 and 22: approximately 64 million tonnes to
Page 23 and 24: Pig iron production, which is relev
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: Strong Market for Hard Coal in 2010
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
Page 73 and 74: 2008 Mt 2) 2009 Mt 2) 2010 Mt 2) Ap
Page 75 and 76: Exports Colombia managed to increas
Page 77 and 78: 2008 Mt 2009 Mt 2010 1) Mt Power Ge
Page 79 and 80: There has been a major shift in the
Page 81 and 82: According to information from Vinac
Page 83 and 84: Infrastructure China’s infrastruc
Page 85 and 86: Proposed projects include the Ukhaa
Page 87 and 88: VENEZUELA Production Internal polit
Page 89 and 90: World-Energy Consumption by Source
Page 91 and 92: 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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