Coal in oversupply in Poland: CEO of coal-mining giant
PR dla Zagranicy
Alicja Baczyńska
29.09.2018 09:00
Chairman of state-owned PGG, the country’s biggest coal mining firm, Tomasz Rogala has said that increased coal imports to Poland have led to excess supplies in some segments of the market, Poland’s PAP news agency reported.
Photo: artyangel/pixabay.com/CC0 Creative Commons
“There is more coal than the market will use up over 2018 and 2019,” Rogala added, citing the results of his company’s analysis, which he would not, however, disclose.
According to the company’s forecasts, PGG will have extracted 30-31 million tonnes of coal by the end of the year.
The company holds more than 50 percent of Poland’s coal market share.
Meanwhile, Sławomir Obidziński, chief of Węglokoks, said the country is expected to import 17-18 million tonnes this year, compared to 13.3 million tonnes recorded in 2017, PAP said.
Obidziński added that the excess supply of coal in Poland is down to an “oversupply hysteria”.
“A message [circulating across the market] that there is not enough coal triggers heightened emotions [in consumers] – it is a convenient way to pressure customers to buy the available raw material for an increasingly higher price,” he said.
A similar situation happened ahead of last year’s heating season, Obidziński added.
(aba)
Source: PAP
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