Archive for month: August, 2018
KATM weekly price indicators for bulk physical commodities
KATM’s indicative price listed below for various bulk commodities listed on our platform during preceding week:
Iron Ore Pellets (64%Fe) |
137 US$/MT FOB ECI |
HMS (80:20) Scrap |
325 US$/MT CFR ECI |
Prime Hard Coking Coal (Low Vol.) |
200 US$/MT CFR ECI |
Thermal Coal (RB1 6000 NAR) |
114 US$/MT CFR ECI |
Thermal Coal (5500 NAR) |
98 US$/MT CFR ECI |
Thermal Coal (4800 NAR) |
80 US$/MT CFR ECI |
Limestone (40-80 mm) |
20 US$/MT CFR ECI |
Sea-borne iron ore drops marginally in the week
Sea-borne iron ore was broadly rangebound in the week’s trade, depicting marginal decline week on week as steel prices in China declined. However, the buying interest improved slightly as the traders were looking to acquire position.
Looking at the benchmark for seaborne spot iron ore prices, Platts assessed the 62% Fe IODEX & TSI Iron Ore Fines at $66.40/dmt CFR North China on Friday. Meanwhile, TSI 58% Fe Fines, 1.5% Al, CFR Qingdao port closed the week at $56.40/dmt.
Futures Trade
At Dalian Commodity Exchange, the iron ore futures edged up after a three-day fall. It gained 0.3 percent to 490.5 yuan a tonne.
The most-traded coking coal futures on the Dalian Commodity Exchange fell 2.2 percent to 1,290 yuan a tonne on Friday, although stringent environmental checks in major coking coal producing regions curbed output of the fuel.
Coke contract for January delivery lost 0.4 percent to 2,544 yuan a tonne after a report on Wednesday said regulators were probing the industrial association for allegedly monopolising coke prices.
Meanwhile, the benchmark Shanghai rebar on Wednesday hit 4,418 yuan ($642.71) a tonne, its highest in nearly seven years. It closed 0.5 percent higher at 4,334 yuan a tonne on Friday. ssHowever, the most-active steel contract marked its worst week since early July, down 1.2 percent, as investors locked in gains
Steady growth in nuclear generation continues
Global nuclear power generation in 2017 increased for the fifth consecutive year, reaching 2506 TWh, according to a new World Nuclear Association report. The Association says the industry is on target to meet the near-term goals of its Harmony programme.
In the World Nuclear Performance Report 2018, the Association details power generation and construction achievements for the previous year. In addition, the report features five case studies covering topics including how one of the oldest operating reactors achieved a 100% availability factor, the restart of two reactors in Japan and the construction and operation of three new reactor models in China, Russia and South Korea.
At the end of 2017 the global nuclear capacity of the 448 operable reactors stood at 392 GWe, up 2 GWe compared with the end of 2016. Four new reactors were connected to the grid, with a combined capacity of 3373 MWe. The total number of reactors under construction fell by two to 59 over the course of 2017. Five reactors – two of which had not generated electricity for some years – were shut down, with a combined capacity of 3025 MWe.
The median construction time in 2017 was 58 months, down from 74 months in 2016, and equalling the lowest five-year median construction time achieved in 2001-2005.
The capacity factor for the global fleet stood at 81% in 2017, maintaining the high availability of around 80% that has been maintained since 2000, up from the 60% average capacity factor at the start of the 1980s. “In general, a high capacity factor is a reflection of good operation performance,” World Nuclear Association said. “However, there is an increasing trend in some countries for nuclear reactors to operate in a load-following mode, resulting in lower annual capacity factors.”
The Association noted there is no significant age-related trend in nuclear reactor performance. The mean capacity factor for reactors over the last five years shows no significant variation regardless of their age, it said.
Agneta Rising, Director General of World Nuclear Association said, “There is no sustainable energy future without nuclear energy. We will need all low-carbon energy sources to work together. Nuclear capacity must expand to achieve the industry’s Harmony goal to enable nuclear energy to supply 25% of the world’s electricity demand by 2050.”
The Harmony goal will require a tripling of nuclear generation from its present level. Some 1000 GWe of new nuclear generating capacity will need to be constructed by then to achieve that goal.
“Much needs to be done to deliver the Harmony goal, but good progress has been made, both in terms of global reactor performance and new nuclear capacity additions,” Rising said. “After 2015 and 2016 each saw nearly 10 GWe of new nuclear capacity start up, a more modest 3.3 GWe was connected to the grid in 2017. However, in 2018 and 2019 more than 26 GWe of new nuclear capacity is scheduled to come online, meeting the overall target for this first five-year period.”
She added, “The pace of capacity additions required to meet the Harmony goal needs to accelerate in the next decade, eventually reaching an average of 33 GWe of new nuclear capacity added each year. Action is needed to enable this acceleration to happen.”
World Nuclear Association has identified three areas for action to achieve this: establishing a level playing field in electricity markets, building harmonised regulatory processes, and an effective safety paradigm.
Source: WORLD NUCLEAR NEWS