globalCOAL - Country & Industry Forecasting: IHS Global Insight
globalCOAL - Country & Industry Forecasting: IHS Global Insight
globalCOAL - Country & Industry Forecasting: IHS Global Insight
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Change in the coal market<br />
Factors / history through the 1990’s:<br />
PAST<br />
FUTURE<br />
E-trade<br />
Typically coal bought on long term contract<br />
Annual pricing<br />
Deregulation of the power sector led to competition<br />
Tenure of contracts became shorter<br />
Increased spot purchasing<br />
Paper coal contracts (API2) started 1998<br />
Asia still well behind but deregulation is coming<br />
Approximate annual volumes:<br />
SPOT<br />
MARKETS<br />
LONG<br />
TERM<br />
CONTRACT<br />
SPOT<br />
MARKETS<br />
TENDER<br />
CONTRACT<br />
LONG<br />
TERM<br />
CONTRACT<br />
but short term<br />
pricing<br />
Atlantic seaborne steam coal:<br />
Atlantic (ARA + RBCT, SA) swaps:<br />
Asia-Pacific steam coal:<br />
Pacific swaps (Newcastle):<br />
180 MT p.a.<br />
600 MT p.a.?<br />
250 MT p.a<br />
10 MT p.a.?
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