For two weeks now, Polishcoaldaily is providing you with a new feature. From now on not only CIF ARA futures coal prices, but also FOB RB (South African Newcastle export port) are available in PRICE INDICES section with daily updates.
We have the pleasure to announce, that two new companies joined us recently as Polishcoaldaily Partners. First, Sabio Investmets based in Gdynia is a company from automated technology sector, that specializes in building custom made automatic weighing machine, used for portioning and bagging coal.
For many years focused only on coal purchases for one of the major Polish power plants (Kozienice), Enea Trading is slowly changing its profile. With new possibilities opened after taking over LW Bogdanka and even more after entering Polski Holding Weglowy project, Enea Trading will shortly become new EDF Paliwa, the top coal trader in Poland.
After recent reconstruction of Beata Szydlo’s government in finance department, now the wind of change is coming to the Ministry of Energy, so far very unofficial. Rumors says, that around Saint Barbara’s Day we can have switch on the big chair and in the coal mining area.
Despite talking a lot about Polish coal export inverting to the eastern border, nobody wants to claim responsibility of selling to Ukrainian DTEK 100,000 Mt of coal. Neither LW Bogdanka, which tests the water for more than a year now, neither KHW nor JSW. Also Weglokoks, main Polish coal exporter (working on behalf of PGG) denied shipping recently any volumes of coal to Ukraine. Because of quality parameters it surely wasn’t any energy group, so which one of local coal traders was it?
Polishcoaldaily’s Editor gave a comment for the Czech newspaper Hospodarske Noviny. The subject of the interview concerned international coal prices and Polish coal market reaction to the recent increase in indices levels.
Paraphrased Polish proverb, which means the same as English “to kill two birds with one stone” is a good metaphor of what was done last year with Kompania Weglowa, which at an edge of bankruptcy managed to sell in advance coal for 727m PLN. With increasing coal prices on international markets, entities which took part in it could feel like winners.
Polishcoaldaily’s Editor exclusive comment for Trybuna Gornicza and nettg.pl in Point of View column. This week few words on Polish hard coal production, sales and price levels in August, with particular emphasis on the last subject, as PSCMI markers seems to be impassive on recent increasing trend of international coal price indices.
In August hard coal production in Poland exceeded sales by 270k Mt. Unsold coal was moved to piles, which are rising again – at the moment they were counted for 5.7m Mt. In total, coal production in August was higher by 250k Mt YOY, but sales was lower by 350k Mt YOY.
Despite given ultimatum, Sosnica mine will be moved to SRK for liquidation, along with KWK Halemba. Polska Grupa Gornicza denied all the rumors, but good top-class sources confirm that is the case. Unions are furious, but so far their anger is focused mainly on the journalist who published these news.
Polishcoaldaily’s Editor comment for INN Poland on the new Energa’s investment in Puck, northern Poland, where one of the four state-owned energy groups decided to build a giant power storage. Second facility of a kind in EU makes Energa proud, but is it economically viable?
Polishcoaldaily is attending The World Coal Leaders Network as a media partner and we’d like to invite you and your colleagues to attend too. The event takes place on 16 – 17 October in Lisbon and as a media partner, we are pleased to offer our readers an exclusive 10% discount off your booking.
Polishcoaldaily’s Editor comment on Morawiecki’s Plan (new Road Map for Polish economy), exclusively for Trybuna Gornicza and nettg.pl, where he point’s out which elements should have been included in the Strategy produced by Ministry of Development.
Since April, Polish coal prices tends to go their own separate way. While international coal indices ARA, RB and NEWC go sky high, PSCMI markers keep decreasing slowly: PSCMI1 by 3.75% MOM (188.78 PLN/Mt) and PSCMI2 by 1.21% MOM (192,05 PLN/Mt).
Polska Grupa Gornicza was planning to record 2bn PLN of profit in 2017. Meanwhile, things are not going so pretty, as for the first 4 and a half months of operations, PGG recorded 400m PLN of loss: 250m after first 2 moths and 150m in further 1.5 month.