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Germany needs extra coal in Q2

Steel News - Published on Thu, 24 Mar 2011

A source at a German utility told Montel that Germany will have to find an extra 1.8 million tonnes of thermal coal in April-June this year due to the recent forced shutdown of seven nuclear reactors for three months.

An analyst said that should the reactors remain shutdown in the longer term, Germany is likely to require an extra 5 million tonnes of coal until the end of the year, and between 8 to 9 million tonnes extra in 2012.

The analyst added that “Last week [when the nuclear reactors were shutdown] was quite a shock, not only for Germany, but for Europe as a whole. We can assume that coal and gas will replace the [shutdown] nuclear capacity, and you don’t have to dig too deep to realize the major share is likely to be from coal.”

The analyst further said that “Germany was not prepared for this, so a lot depends on the supply situation, which is still tight due to the rains in Colombia and Australia, and an expected rise in Japanese demand.”

Currently, German stock levels are sufficient to cover any immediate rise in coal burn, but more supplies will need to be imported.

(Sourced from Montel)

Posted By : admin on Thu, 24 Mar 2011
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