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The seaborne steam coal market changed in recent years. Trade volumes grew dynamically, important players emerged and since 2007 prices increased significantly and remained relatively high since then. In this paper we analyse market equilibria in the years 2006 and 2008 by testing for two...
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During 2007 and 2008 steam coal prices soared to unprecedented levels. Since then much has been speculated about the drivers of these price peaks. This paper is concerned with the costs of steam coal allocation in the seaborne market and their influence on the price equilibrium. It presents an...
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The efficiency of electricity generation in hard coal fired power plants varies considerably from country to country and over time. These differences occur both between developing and developed countries and between industrialised nations. The econometric analysis presented in this paper tests...
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Die Bedeutung von Kohle wird heute oft unterschätzt, da sie lange als eine Ressource der Vergangenheit galt. Dabei ist … Kohle nach wie vor Grundpfeiler der Stromerzeugung in den meisten Ländern: Ein Viertel des weltweiten … Primärenergieverbrauchs wird durch Kohle gedeckt. Während die größten Kohleproduzenten China, USA und Indien auch gleichzeitig die größten …
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With its resource availability and the prospect of climate friendly technology, coal continues to play an important role in the global energy sector. We develop a complementarity model of the international market for steam coal. We want to analyze the level of competition in this market which is...
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In this paper, we provide a comprehensive multivariate cointegration analysis of three parts of the steam coal value chain - export, transport and import prices. The analysis is based on a rich dataset of international coal prices; in particular, we combine data on steam coal prices with freight...
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