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Friday, 29 July 22
GLOBAL COAL DEMAND IS SET TO RETURN TO ITS ALL-TIME HIGH IN 2022 - IEA
 The world’s consumption of coal is set to rise slightly in 2022, taking it back to the record level it reached nearly a decade ago, according to an IEA report published today, which notes that significant uncertainty hangs over the outlook for coal as a result of slowing economic growth and energy market turbulence.
Based on current economic and market trends, global coal consumption is forecast to rise by 0.7% in 2022 to 8 billion tonnes, assuming the Chinese economy recovers as expected in the second half of the year, the IEA’s July 2022 Coal Market Update says. This global total would match the annual record set in 2013, and coal demand is likely to increase further next year to a new all-time high.
The new report highlights the significant turmoil in coal markets in recent months, which has important implications for many countries where coal remains a key fuel for electricity generation and a range of industrial processes. At the same time, the world’s continued burning of large amounts of coal is heightening climate concerns, as coal is the largest single source of energy-related CO2 emissions.
Worldwide coal consumption rebounded by about 6% in 2021 as the global economy recovered rapidly from the initial shock of the Covid pandemic. That sharp rise contributed significantly to the largest ever annual increase in global energy-related CO2 emissions in absolute terms, putting them at their highest level in history.
Global coal demand is being propped up this year by rising natural gas prices, which have intensified gas-to-coal switching in many countries, as well as economic growth in India. Those factors are being partly offset by slowing economic growth in China and by the inability of some major coal producers to ramp up production.
Demand for coal in India has been strong since the start of 2022 and is expected to rise by 7% for the full year as the country’s economy grows and the use of electricity expands. In China, coal demand is estimated to have declined by 3% in the first half of 2022 as renewed Covid lockdowns in some cities slowed economic growth, but an expected increase in the second half of the year is likely to bring coal consumption for the full year back to the same levels as last year. China and India together consume double the amount of coal as the rest of the world combined, with China alone accounting for more than half the world’s demand.
Coal consumption in the European Union is expected to rise by 7% in 2022 on top of last year’s 14% jump. This is being driven by demand from the electricity sector where coal is increasingly being used to replace gas, which is in short supply and has experienced huge price spikes following Russia’s invasion of Ukraine. Several EU countries are extending the life of coal plants scheduled for closure, reopening closed plants or raising caps on their operating hours to reduce gas consumption. However, Europe only accounts for about 5% of global coal consumption.
As soaring natural gas prices have made coal more competitive in many markets, international coal prices have risen in turn, hitting three all-time peaks between October 2021 and May 2022. Sanctions and bans on Russian coal following Russia’s invasion of Ukraine have disrupted markets, and issues in other major exporters have contributed to supply shortages. With other coal producers facing constraints in replacing Russian output, prices on coal futures markets indicate that tight market conditions are expected to continue well into next year and beyond.
Source: IEA
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Wednesday, 21 October 20
MARKET INSIGHT - INTERMODAL
The second wave of COVID-19 is now a reality; offices are closing again, and stricter rules and regulations are being implemented in public spaces. ...
Tuesday, 20 October 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX UP 0.82 PCT - XINHUA
China Taiyuan coal transaction price index stood at 127.49 points Monday, up 0.82 percent week on week.
The index, released by China ...
Tuesday, 20 October 20
BIMCO 'SHIPLEASE' TERM SHEET - WATSON FARLEY & WILLIAMS
KNOWLEDGE TO ELEVATE
The ever-growing importance of sale and leaseback transactions as an alternative to financing ships by way of loan, makes ...
Friday, 16 October 20
KOMIPO ON BEHALF OF K GENCO'S INVITED BIDS FOR TOTAL 715,000 MT MIN. 5,700 NAR COAL FOR DECEMBER
COALspot.com: Korea Midland Power Co., Ltd (KOMIPO) on behalf of EWP, KOSPO, KOSEP and KOWEPO has issued an international tender for total 715,000& ...
Wednesday, 14 October 20
CHINA COKING COAL FUTURES RALLY ON REPORTED BAN ON AUSTRALIA CARGOES - REUTERS
Dalian coking coal futures rallied for a sixth straight session on Tuesday after reports surfaced that China had stopped buying coal from Australia ...
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- Sree Jayajothi Cements Limited - India
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- Coal and Oil Company - UAE
- Iligan Light & Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Mercuria Energy - Indonesia
- Bulk Trading Sa - Switzerland
- South Luzon Thermal Energy Corporation
- Trasteel International SA, Italy
- Jaiprakash Power Ventures ltd
- Holcim Trading Pte Ltd - Singapore
- Power Finance Corporation Ltd., India
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- Romanian Commodities Exchange
- Savvy Resources Ltd - HongKong
- Jindal Steel & Power Ltd - India
- Antam Resourcindo - Indonesia
- Medco Energi Mining Internasional
- Bank of Tokyo Mitsubishi UFJ Ltd
- Timah Investasi Mineral - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Goldman Sachs - Singapore
- Parliament of New Zealand
- Economic Council, Georgia
- Gujarat Electricity Regulatory Commission - India
- Asmin Koalindo Tuhup - Indonesia
- Kartika Selabumi Mining - Indonesia
- Wood Mackenzie - Singapore
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- Merrill Lynch Commodities Europe
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- Meralco Power Generation, Philippines
- SMG Consultants - Indonesia
- Sindya Power Generating Company Private Ltd
- Port Waratah Coal Services - Australia
- Petrochimia International Co. Ltd.- Taiwan
- IEA Clean Coal Centre - UK
- Straits Asia Resources Limited - Singapore
- Mintek Dendrill Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Krishnapatnam Port Company Ltd. - India
- Malabar Cements Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Orica Australia Pty. Ltd.
- Central Java Power - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Salva Resources Pvt Ltd - India
- Mjunction Services Limited - India
- Indian Oil Corporation Limited
- Indonesian Coal Mining Association
- Vedanta Resources Plc - India
- Sinarmas Energy and Mining - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- TeaM Sual Corporation - Philippines
- Anglo American - United Kingdom
- Eastern Energy - Thailand
- Metalloyd Limited - United Kingdom
- Edison Trading Spa - Italy
- Asia Pacific Energy Resources Ventures Inc, Philippines
- LBH Netherlands Bv - Netherlands
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- Ambuja Cements Ltd - India
- Georgia Ports Authority, United States
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- Videocon Industries ltd - India
- Thai Mozambique Logistica
- Central Electricity Authority - India
- Intertek Mineral Services - Indonesia
- Heidelberg Cement - Germany
- The Treasury - Australian Government
- Cigading International Bulk Terminal - Indonesia
- Aditya Birla Group - India
- Xindia Steels Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- New Zealand Coal & Carbon
- Eastern Coal Council - USA
- Deloitte Consulting - India
- Sical Logistics Limited - India
- Tata Chemicals Ltd - India
- Banpu Public Company Limited - Thailand
- PNOC Exploration Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- MS Steel International - UAE
- Semirara Mining Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- CIMB Investment Bank - Malaysia
- Minerals Council of Australia
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- Wilmar Investment Holdings
- Cement Manufacturers Association - India
- GMR Energy Limited - India
- Siam City Cement - Thailand
- CNBM International Corporation - China
- Billiton Holdings Pty Ltd - Australia
- Chettinad Cement Corporation Ltd - India
- Australian Coal Association
- Planning Commission, India
- Larsen & Toubro Limited - India
- Orica Mining Services - Indonesia
- OPG Power Generation Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Meenaskhi Energy Private Limited - India
- Global Coal Blending Company Limited - Australia
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- Kumho Petrochemical, South Korea
- London Commodity Brokers - England
- Chamber of Mines of South Africa
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- Australian Commodity Traders Exchange
- Africa Commodities Group - South Africa
- European Bulk Services B.V. - Netherlands
- Coalindo Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Parry Sugars Refinery, India
- Maheswari Brothers Coal Limited - India
- Indian Energy Exchange, India
- Kepco SPC Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- White Energy Company Limited
- Makarim & Taira - Indonesia
- Tamil Nadu electricity Board
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- Bukit Makmur.PT - Indonesia
- Indogreen Group - Indonesia
- Star Paper Mills Limited - India
- Aboitiz Power Corporation - Philippines
- Baramulti Group, Indonesia
- Standard Chartered Bank - UAE
- GAC Shipping (India) Pvt Ltd
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- Pendopo Energi Batubara - Indonesia
- Alfred C Toepfer International GmbH - Germany
- AsiaOL BioFuels Corp., Philippines
- Marubeni Corporation - India
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- International Coal Ventures Pvt Ltd - India
- Singapore Mercantile Exchange
- Price Waterhouse Coopers - Russia
- Mercator Lines Limited - India
- Commonwealth Bank - Australia
- Neyveli Lignite Corporation Ltd, - India
- Carbofer General Trading SA - India
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- Directorate General of MIneral and Coal - Indonesia
- Latin American Coal - Colombia
- Global Business Power Corporation, Philippines
- Petron Corporation, Philippines
- ASAPP Information Group - India
- Binh Thuan Hamico - Vietnam
- Simpson Spence & Young - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- PTC India Limited - India
- Independent Power Producers Association of India
- Global Green Power PLC Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Manunggal Multi Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- Renaissance Capital - South Africa
- Siam City Cement PLC, Thailand
- Kideco Jaya Agung - Indonesia
- The University of Queensland
- Therma Luzon, Inc, Philippines
- Ministry of Finance - Indonesia
- Lanco Infratech Ltd - India
- Rio Tinto Coal - Australia
- McConnell Dowell - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Energy Link Ltd, New Zealand
- ICICI Bank Limited - India
- PowerSource Philippines DevCo
- Thiess Contractors Indonesia
- India Bulls Power Limited - India
- Indika Energy - Indonesia
- Attock Cement Pakistan Limited
- Oldendorff Carriers - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Mines - Canada
- Energy Development Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Borneo Indobara - Indonesia
- Ind-Barath Power Infra Limited - India
- Sojitz Corporation - Japan
- Directorate Of Revenue Intelligence - India
- GVK Power & Infra Limited - India
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- Dalmia Cement Bharat India
- Kaltim Prima Coal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Interocean Group of Companies - India
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- SN Aboitiz Power Inc, Philippines
- Samtan Co., Ltd - South Korea
- Bhatia International Limited - India
- Coastal Gujarat Power Limited - India
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- Altura Mining Limited, Indonesia
- Electricity Authority, New Zealand
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- San Jose City I Power Corp, Philippines
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