On the occasion of St. Barbara’s Day 2016, we would like to wish all miners, but also those related to coal in every other way – all the best. We wish you satisfaction from your hard and responsible work and general respect and recognition that is so much deserves.
Bit more on the last week’s subject of impact of Donald Trump as a president of United States on American and international coal market and the whole religion of global warming and climate change in the special, st. Barbara Day’s edition of Trybuna Gornicza.
Still going their own ways, PSCMI1 marker decreased in October (-3.4% MOM), despite the fact that international coal prices were going up and recorded 189,71 PLN/Mt. Small increase in PSCMI2 by 1.71%, which gives 202,90 PLN/Mt.
Polish coal producers are trying to take advantage from rising coal prices and decided to quote current contracts with energy sector, often with 10 PLN/Mt more than was agreed. Power producers are furious, but the biggest backstage nagger is French EDF, who is saying that this is revenge for not playing ball with Ministry of Energy.
Polishcoaldaily’s Editor comment for Biznes Alert on the EU decision towards 8bn PLN about to be injected to the veins of Polish hard coal mining sector and further challenges for Ministry of Energy. Also, few words on the condition of PGG and prospects for KHW.
Polishcoaldaily’s Editor and Karolina Baca-Pogorzelska in the Polish Radio 24 audition hosted by Maryjka Szurowska on the subject of Katowicki Holding Weglowy’s two mines about to be incorporated into Polska Grupa Gornicza.
International steam coal prices update for October and first half of November with a comment on what was going on the most important Atlantic and Pacific markets and what was the impact of election in US on the stock value of American coal producers.
For two weeks now, Polishcoaldaily is providing you with a new feature. From now on not only CIF ARA and FOB RB futures coal prices, but also FOB NEWC (Australian Newcastle export port) are available in PRICE INDICES section with daily updates.
Polishcoaldaily’s Editor comment in Dziennik Zachodni on the plans for moving Katowicki Holding Weglowy to Polska Grupa Gornicza, Ministry of Energy’s outcome after a year and international coal prices, with their impact on Polish prices levels and forecasts for 2017.
Polishcoaldaily’s Editor comment for WP Finanse on the subject of impact of international coal price indices on the local retail coal customers. Is there any influence of rising levels of CIF ARA, FOB RB and FOB NEWC or the mechanisms of retail customers quotation is vastly different?
How hot was the chair of Dariusz Kaskow, CEO of Energa when he presented 3Q results of his company, in regards to Remigiusz Nowakowski who was fired from Tauron the (working) day after he had his presentation? Polishcoaldaily’s Editor comment on that for netTG.
With many favorable circumstances (duty tax on Russian coal in Turkey, international prices levels), Weglokoks is facing other kind of an issue that is spoiling their core business – shortage of the right commodity in Poland.
After first 9 months of 2016 Polish coal mining sector had 1.3bn PLN loss on coal sales: each ton was sold with 10 PLN loss. Since January the whole industry produced 52m tons, with 42m Mt of steam coal and 9.7m Mt of coking coal and sold 54m Mt (3% more YOY).
Polishcoaldaily’s Editor comment on the three quarters results in two fuel&energy groups announced on Thursday last week, right before the Polish Independence Day: Enea (LW Bogdanka) and Tauron (Tauron Wydobycie and Nowe Brzeszcze GT).
One of the most common factors in the sector of power&heat producers is seasonality. Heat&power plants use the coal mostly between October and April, which means the seasonal purchases (all the tenders and negotiations processes) starts around March and ends around July.