Wood mackenzie coking coal pdf

This page was last edited on 15 january 2020, at 15. What is coking coal coking coal, also known as metallurgical coal, is used to create coke, one of the key irreplaceable inputs for the production of steel. However, metallurgical coal imports into china are set to drop by an estimated 20 million tonnes in 2015, according to wood mackenzie, and the increase in demand from india isnt expected to be. Most coal is used in the country in which it is produced. Anglo american is an active partner in diverse clean coal energy initiatives. Strong demand growth for high volatile coking coals in europe forecast by wood mackenzie, has resulted in significantly reduced quality discounts for lochinvar coal in the european market. Mar 29, 2019 increasing availability of scrap to impact on demand for iron ore, coking coal forecasters see floor under coking coal prices until 2025. Wood mackenzie noted there were several trends that could offer growth opportunities for met coal. Steelmaking coal marketing price volatility easing.

Wood mackenzie on the recent volatile met coal price ride. There are many varieties of coal in the world, ranging from brown coal or lignite to anthracite. Wood mackenzie coal supply service july 2016 and azj actual railings by haul. A large number of suppliers are active in the international coal. Stuart howe 6 9235 1783 aspire mining ltd akm fleur. The property that really sets coking coals apart from other coals is its caking ability, which is the specific. Bureau of mines began a program of drilling, sampling, and testing the coal in these areas. A non caking coal is that coal which when heated in the absence of air for e. Utilities turn away from coal 23 december 2019 a summary of wood mackenzie s h2 2019 north america coal longterm outlook. Coal is readily available from a wide variety of sources in a wellsupplied worldwide market. Cardero provides update on metallurgical coal quality at. Coking coal rallied by the most in four years after damage from tropical cyclone debbie hit shipments from the top exporter, setting off a surge.

Strongly caking coals, which yield a solid product coke with properties suitable for use in a blast furnace, are called coking coals. Global energy, metals and mining research and consultancy firm wood mackenzie has indicated in its latest coal outlook that 17 percent of forecast us coal production for 2015, amounting to 147 million mt, is at risk of idling or closure, as many mines find that they are unable to cover their operating costs plus sustaining capital in the current low price environment. China cuts use of dirty coal by 40 percent, wood mackenzie. Coking coal, thermal coal are polar opposites in 2020. Wood mackenzie nominal until current year and then real. Global metallurgical coal longterm outlook h1 2019. Coal markets crude steel production continues to grow 5 crude steel production to grow at 1. Where are the markets for coal demand thermal and metallurgical 3. Mar 15, 20 wood mackenzie has assessed the typical quality of the coking coal at makhado to be hard coking coal based on its specifications relative to other international coking coal products.

Coke is a grey, hard, and porous fuel with a high carbon content and few impurities, made by heating coal or oil in the absence of aira destructive distillation process. Apr 04, 2017 coking coal rallied by the most in four years after damage from tropical cyclone debbie hit shipments from the top exporter, setting off a surge in producers shares as wood mackenzie ltd. But at the same time, the market had become accustomed to skyhigh prices, kept artificially strong while china focused on restructuring its steel and coal sectors. Coking coal, also known as metallurgical coal, is used to create coke, one of the key irreplaceable inputs for the production of steel. Metallurgical coal is the key raw material for 70% of the worlds steel industry. Indian steel production and metallurgical coal demand. Global coking coal price forecast by type 20192023 statista. Utilities turn away from coal 23 december 2019 a summary of wood mackenzies h2 2019 north america coal longterm outlook. The solid residue of impure carbon obtained from bituminous coal and other carbonaceous materials after removal. Ahead of his presentation at the muchanticipated eurocoke summit 2017, we spoke with jim truman, director global metallurgical coal markets at wood mackenzie about his view on the recent volatile metallurgical coal price ride, drivers to changes, implications for a more stable market, significant future shifts in coal, coke and steel and much more. Another direct threat to coking coal is the use of substitutes in steel production. All coking coals are caking, but not all caking coals are suitable for coke making. Apac coal costs, wood mackenzie b, edee bl yo director, coal ventures limited, w er uhadnr t ar managing director, coal port services e cowb, nr i r pt a company director, cqg consulting, telstra business womens queensland entrepreneur 2016 m ti hmna, e or partner, mccullough robertson resources g roup r miheochac, l e strategic adviser.

Wood mackenzie 50 100 150 200 250 300 2009 2011 20 2015 2017 2019 2021 2023 2025 actual forecast source. It is an important industrial product, used mainly in iron ore smelting, but also as a fuel in stoves and forges when air pollution is a concern. Sourcewatch is a project of the center for media and democracy cmd. Cardero provides update on metallurgical coal quality at the. Wood mackenzie has assessed the typical quality of the coking coal at makhado to be hard coking coal based on its specifications relative to other international coking coal products. West believed to contain coal of coking quality, and at the same time the u. Global steel production and metallurgical coal imports source. There has been an uneasy tension around hard coking coal hcc prices for some time. Forecasted coking coal price from 2019 to 2023 by type in nominal u. Chinese coking coal prices will remain high until the first quarter of 2017, according to curtis zhu, principal analyst for steel and iron ore markets at wood mackenzie. Wood mackenzie on the recent volatile met coal price ride and. Land transport, port and sea freight costs from major metallurgical coal export countries to india. It is an important industrial product, used mainly in iron ore smelting, but also as a fuel in stoves and forges when air pollution is a concern the unqualified term coke usually refers to the product derived from low. What behind the metallurgical coal price plunge wood mackenzie.

Integrated outlook on thermal and metallurgical coal markets, as well as detailed minelevel analysis covering more than 1,400 assets. Coking definition of coking by the free dictionary. Wood mackenzie held a webinar on 15 may 2018, where we discussed things to watch for in global metallurgical coal markets. Seaborne steelmaking coal imports average wood mackenzie and cru source. Market consultants wood mackenzie recently deemed hard coking coal as the appropriate price benchmark for ovoot coal. Wood mackenzie international coal trade ict model which balances global demand. Seaborne margin curve based on price assessment for the hcc output from the mine in relation to wood mackenzies benchmark hcc price and the.

Illiquidity and chinese supply shortages provide stability as world convulses. The solid residue of impure carbon obtained from bituminous coal and other carbonaceous materials after removal of volatile material by destructive distillation. Also referred to as coking coal, metallurgical coal used to produce steel is a fundamental input into the modern built environment. Access our integrated outlook on thermal and metallurgical coal markets, as well as detailed minelevel analysis covering more than 1,400 assets. Delivering commercial insight wood mackenzies coal 101 july 2012. The consideration was based on the global outlook for coking coal and the coal quality parameters that contribute to makhados valuein. Oct 24, 2019 forecasted coking coal price from 2019 to 2023 by type in nominal u.

Highlights of wood mackenzie benchmarking based on the coal quality data supplied to wood mackenzie by cardero, the following conclusions from the study are particularly relevant. Metallurgical met coal is a lowash, lowsulphur and lowphosphorus coal that can be used to produce highgrade coking coal an essential part of the steelmaking process. Coal can be transported to demand centres quickly, safely and easily by ship and rail. Nevertheless, coal power generators continue to benefit from their feedstocks cost competitiveness and are finding new ways to comply with more stringent regulations through, for example, cofiring coal with biomass. Metallurgical coal, composed of coking coal and pci coal, is an essential raw material in blastfurnace steel production, which represents approximately 70% of global crude steel output. Wood mackenzie global coal tool 1h 2016, arrival india. Aemo australian energy market operator engaged wood mackenzie to provide delivered cost of coal for both existing and upcoming power projects. Overall international trade in coal reached 1169 mt in 2018. Wood mackenzie appointed to conduct thermal and metallurgical coal marketing studies for the lublin coal project studies will assess the potential for both semisoft coking and premium thermal coal from the project to compete across key european energy.

Woodmac the outlook for gas and coal prices in europe. Coking coal has gone crazy in the past two months and the fourth quarter should be the shortterm peak level, zhu told delegates at the bureau of international. Findings of the study these growth is expected to continue, with demand reaching nearly 1,100. Both the hard coking coal hcc and semisoft coking coal sscc are close to benchmark specification.

Future of coal our ongoing business success is linked to the future demand. What to look for in 2020 report summary moving into 2020 after a jekyll and hyde year in 2019, expect a cautious rebound in global economic growth underpinned by chinese and indian government stimulus and the recent phase 1 trade deal between the us and china. Increasing availability of scrap to impact on demand for iron ore, coking coalforecasters see floor under coking coal prices until 2025. Seaborne traded coal growing in response to stronger demand annual seaborne coking coal trade million tonnes chinese production million tonnes 300 350 20112016. Coal is traded all over the world, with coal shipped huge distances by sea to reach markets. Seaborne margin curve based on price assessment for the hcc output from the mine in relation to wood mackenzie s benchmark hcc price and the. As a result of this cooperative effort much new information has been obtained. Wood mackenzie, march 2009 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 6. The chinese governments efforts to clean up air quality are bearing fruit as use of dirty coal has likely dropped 40 percent over the last five years, said wood mackenzie according to data from.

Coking coal price forecast 2015 inn investing news and. Wood mackenzie, which coal described as the most comprehensive source of knowledge about the worlds energy and metals industries, were engaged to verify the expected quality and marketability. From thermal coal production to marketing and trading. Current coal mine morupule colliery expanded to produce about 3. Developments in thedevelopments in the coking coal market. China cuts use of dirty coal by 40 percent, wood mackenzie says. Mar 15, 2017 strong demand growth for high volatile coking coals in europe forecast by wood mackenzie, has resulted in significantly reduced quality discounts for lochinvar coal in the european market. And yet, supply overcapacity is still a chronic problem. Metallurgical coal, composed of coking coal and pci coal, is a key raw material for blast furnace steel production.

Aug 15, 20 highlights of wood mackenzie benchmarking based on the coal quality data supplied to wood mackenzie by cardero, the following conclusions from the study are particularly relevant. The coal road map pitso an overview of the botswanas coal resources and future plans mineral policy. What behind the metallurgical coal price plunge and what. Gtis, cru, wood mackenzie and ame metallurgical coal growth advanced stage projects only mt source.