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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, 17 June 20
KOREA SOUTHERN POWER CO INVITED 80000 MT OF LOW CALORIFIC VALUE COAL FOR AUGUST 1H, 2020 LOADING
COALspot.com: Korea Southern Power Co., Ltd. (KOSPO) has issued an International tender for 80,000 Metric Tons (MT) Min 4,200 kcal/kg - Max. ...
Tuesday, 16 June 20
A GLOBAL ECONOMIC SLUMP: WHAT WILL IT MEAN FOR METALS AND MINING? - WOOD MACKENZIE
Back before coronavirus knocked “normal” out cold, the key issues for miners were sub-investment prices, rising requirements for ESG an ...
Tuesday, 16 June 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX UP 0.58 PCT - XINHUA
China Taiyuan coal transaction price index stood at 124.43 points Monday, up 0.58 percent week on week.
The index, released by China ...
Tuesday, 16 June 20
HIGHER IRON ORE PRICES OFFSET CORONAVIRUS-DRIVEN PRODUCTION RISK - FITCH RATINGS
Lower iron ore production in Brazil, resulting from rising coronavirus infections, should only marginally affect the cash flow of Vale and other gl ...
Tuesday, 16 June 20
SHALE SHOCKED - WOOD MACKENZIE
Capturing shut-ins in real time
Oil markets are searching for balance as the world reflects on the impact of the COVID-19 pandemic. ...
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- Global Business Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Tamil Nadu electricity Board
- Medco Energi Mining Internasional
- Binh Thuan Hamico - Vietnam
- Indika Energy - Indonesia
- Australian Commodity Traders Exchange
- Borneo Indobara - Indonesia
- Madhucon Powers Ltd - India
- Energy Link Ltd, New Zealand
- Parliament of New Zealand
- OPG Power Generation Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Electricity Generating Authority of Thailand
- Sojitz Corporation - Japan
- CNBM International Corporation - China
- Petron Corporation, Philippines
- Eastern Energy - Thailand
- Meenaskhi Energy Private Limited - India
- GVK Power & Infra Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Savvy Resources Ltd - HongKong
- Posco Energy - South Korea
- Metalloyd Limited - United Kingdom
- Formosa Plastics Group - Taiwan
- Global Coal Blending Company Limited - Australia
- Economic Council, Georgia
- TNB Fuel Sdn Bhd - Malaysia
- SMC Global Power, Philippines
- Uttam Galva Steels Limited - India
- CIMB Investment Bank - Malaysia
- Wood Mackenzie - Singapore
- Siam City Cement - Thailand
- Sical Logistics Limited - India
- Planning Commission, India
- GMR Energy Limited - India
- Pendopo Energi Batubara - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- India Bulls Power Limited - India
- Aditya Birla Group - India
- Kepco SPC Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- SMG Consultants - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Bangladesh Power Developement Board
- Deloitte Consulting - India
- Barasentosa Lestari - Indonesia
- Intertek Mineral Services - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- Gujarat Sidhee Cement - India
- Directorate Of Revenue Intelligence - India
- The Treasury - Australian Government
- Electricity Authority, New Zealand
- White Energy Company Limited
- Commonwealth Bank - Australia
- Riau Bara Harum - Indonesia
- Salva Resources Pvt Ltd - India
- PTC India Limited - India
- PowerSource Philippines DevCo
- Videocon Industries ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- ICICI Bank Limited - India
- Baramulti Group, Indonesia
- Karaikal Port Pvt Ltd - India
- Heidelberg Cement - Germany
- Minerals Council of Australia
- Simpson Spence & Young - Indonesia
- Bhatia International Limited - India
- South Luzon Thermal Energy Corporation
- London Commodity Brokers - England
- Bahari Cakrawala Sebuku - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Thai Mozambique Logistica
- The University of Queensland
- Star Paper Mills Limited - India
- Cement Manufacturers Association - India
- International Coal Ventures Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- TeaM Sual Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Timah Investasi Mineral - Indoneisa
- LBH Netherlands Bv - Netherlands
- Indian Oil Corporation Limited
- Indian Energy Exchange, India
- Tata Chemicals Ltd - India
- GAC Shipping (India) Pvt Ltd
- Singapore Mercantile Exchange
- Mercuria Energy - Indonesia
- Bhushan Steel Limited - India
- Ceylon Electricity Board - Sri Lanka
- Sree Jayajothi Cements Limited - India
- Krishnapatnam Port Company Ltd. - India
- Mercator Lines Limited - India
- Coalindo Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
- Central Java Power - Indonesia
- Lanco Infratech Ltd - India
- Ambuja Cements Ltd - India
- Sakthi Sugars Limited - India
- Eastern Coal Council - USA
- IHS Mccloskey Coal Group - USA
- AsiaOL BioFuels Corp., Philippines
- Indonesian Coal Mining Association
- Directorate General of MIneral and Coal - Indonesia
- Xindia Steels Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Rio Tinto Coal - Australia
- IEA Clean Coal Centre - UK
- Mjunction Services Limited - India
- Kideco Jaya Agung - Indonesia
- Oldendorff Carriers - Singapore
- ASAPP Information Group - India
- Ministry of Mines - Canada
- Malabar Cements Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Larsen & Toubro Limited - India
- Orica Australia Pty. Ltd.
- Sinarmas Energy and Mining - Indonesia
- Ministry of Transport, Egypt
- Chettinad Cement Corporation Ltd - India
- Coastal Gujarat Power Limited - India
- Manunggal Multi Energi - Indonesia
- Indogreen Group - Indonesia
- Chamber of Mines of South Africa
- Renaissance Capital - South Africa
- Orica Mining Services - Indonesia
- Banpu Public Company Limited - Thailand
- McConnell Dowell - Australia
- Parry Sugars Refinery, India
- Meralco Power Generation, Philippines
- Georgia Ports Authority, United States
- Trasteel International SA, Italy
- Miang Besar Coal Terminal - Indonesia
- Straits Asia Resources Limited - Singapore
- Bhoruka Overseas - Indonesia
- Kaltim Prima Coal - Indonesia
- Africa Commodities Group - South Africa
- Alfred C Toepfer International GmbH - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bulk Trading Sa - Switzerland
- Essar Steel Hazira Ltd - India
- Standard Chartered Bank - UAE
- PetroVietnam Power Coal Import and Supply Company
- Holcim Trading Pte Ltd - Singapore
- Iligan Light & Power Inc, Philippines
- Latin American Coal - Colombia
- Altura Mining Limited, Indonesia
- Central Electricity Authority - India
- SN Aboitiz Power Inc, Philippines
- Price Waterhouse Coopers - Russia
- Petrochimia International Co. Ltd.- Taiwan
- Aboitiz Power Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- VISA Power Limited - India
- Grasim Industreis Ltd - India
- Semirara Mining Corp, Philippines
- Mintek Dendrill Indonesia
- PNOC Exploration Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Jindal Steel & Power Ltd - India
- Kobexindo Tractors - Indoneisa
- Energy Development Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- New Zealand Coal & Carbon
- Makarim & Taira - Indonesia
- Merrill Lynch Commodities Europe
- Port Waratah Coal Services - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Anglo American - United Kingdom
- GN Power Mariveles Coal Plant, Philippines
- The State Trading Corporation of India Ltd
- Therma Luzon, Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Interocean Group of Companies - India
- Maharashtra Electricity Regulatory Commission - India
- Vizag Seaport Private Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bank of Tokyo Mitsubishi UFJ Ltd
- Edison Trading Spa - Italy
- Power Finance Corporation Ltd., India
- San Jose City I Power Corp, Philippines
- Samtan Co., Ltd - South Korea
- Marubeni Corporation - India
- Wilmar Investment Holdings
- Sarangani Energy Corporation, Philippines
- Dalmia Cement Bharat India
- Kapuas Tunggal Persada - Indonesia
- Toyota Tsusho Corporation, Japan
- Coal and Oil Company - UAE
- Bukit Baiduri Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- MS Steel International - UAE
- Carbofer General Trading SA - India
- Independent Power Producers Association of India
- Sindya Power Generating Company Private Ltd
- Australian Coal Association
- Gujarat Mineral Development Corp Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Ministry of Finance - Indonesia
- Agrawal Coal Company - India
- Jaiprakash Power Ventures ltd
- Attock Cement Pakistan Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vedanta Resources Plc - India
- Kartika Selabumi Mining - Indonesia
- Kumho Petrochemical, South Korea
- Ind-Barath Power Infra Limited - India
- Romanian Commodities Exchange
- Goldman Sachs - Singapore
- Antam Resourcindo - Indonesia
- Thiess Contractors Indonesia
- Karbindo Abesyapradhi - Indoneisa
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