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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
COAL
German daily hard coal-fired generation has hit three-year highs and looks set to climb even further in the near-term as a spell of weak wind generation coincides with below-average temperatures, according to Fraunhofer Ise data.
- Daily hard coal-fired generation was 14.5GW on 29 Nov, its highest since 9 Dec 2020.
- Weekly generation was 10.1GW on 20-26 Nov, its highest since mid-December 2021. Based on available capacity of 12.6GW for the period, this implies plants were working at a load factor of around 80pc. Generation was just 5GW on 1-15 Nov and 8.7GW in Nov 2021.
- This uptick in coal burn mirrors the trend across much of Europe, where hard coal-fired output has stepped up as the first spell of below-average temperatures of the winter heating season have set in.
- Seaborne thermal coal imports into Belgium, France, Germany, Ireland, Italy, the Netherlands, Spain and the UK hit 76.5mn t in Jan-Nov, up by 33.5pc on the year and the highest for the period since 2018's 83.4mn t, shipping data show, although these figures could include some coking coal volumes.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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