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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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Thursday, 11 June 20
CHINA'S BENCHMARK POWER COAL PRICE EDGES UP - XINHUA
China’s benchmark power coal price rose slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...
Wednesday, 10 June 20
OPEC+ CUTS EXTENSION TO ACCELERATE MARKET REBALANCING - FITCH RATINGS
Fitch Ratings-London-08 June 2020: The OPEC+ agreement to extend by one month record oil production cuts should accelerate market rebalancing, Fitc ...
Wednesday, 10 June 20
MARKET INSIGHT - INTERMODAL
In contrast to the economic projections of the past two years for the first half of 2020, the oil & gas industry and those involved in it faced ...
Wednesday, 10 June 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX DOWN 0.19 PCT - XINHUA
China Taiyuan coal transaction price index stood at 123.71 points Monday, down 0.19 percent week on week.
The index, released by Chi ...
Tuesday, 09 June 20
BUNKER SUPPLY CONTRACTS - KEY CONSIDERATIONS FOR THE BUYER - GARD
KNOWLEDGE TO ELEVATE
Regardless of whether a buyer purchases fuel directly from physical suppliers or via brokers or traders and whether sale ...
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- Edison Trading Spa - Italy
- Salva Resources Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- The University of Queensland
- Price Waterhouse Coopers - Russia
- Ministry of Finance - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Kapuas Tunggal Persada - Indonesia
- Bhoruka Overseas - Indonesia
- Leighton Contractors Pty Ltd - Australia
- The Treasury - Australian Government
- Krishnapatnam Port Company Ltd. - India
- Posco Energy - South Korea
- Essar Steel Hazira Ltd - India
- Tamil Nadu electricity Board
- The State Trading Corporation of India Ltd
- Kalimantan Lumbung Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Toyota Tsusho Corporation, Japan
- Karbindo Abesyapradhi - Indoneisa
- Electricity Authority, New Zealand
- MS Steel International - UAE
- Madhucon Powers Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Ambuja Cements Ltd - India
- Carbofer General Trading SA - India
- Billiton Holdings Pty Ltd - Australia
- Trasteel International SA, Italy
- Georgia Ports Authority, United States
- Australian Coal Association
- Makarim & Taira - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Indian Oil Corporation Limited
- Jindal Steel & Power Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Intertek Mineral Services - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Merrill Lynch Commodities Europe
- Cement Manufacturers Association - India
- Latin American Coal - Colombia
- International Coal Ventures Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Siam City Cement PLC, Thailand
- PetroVietnam Power Coal Import and Supply Company
- Malabar Cements Ltd - India
- Thai Mozambique Logistica
- Therma Luzon, Inc, Philippines
- Energy Link Ltd, New Zealand
- Xindia Steels Limited - India
- San Jose City I Power Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Wood Mackenzie - Singapore
- Ministry of Mines - Canada
- IHS Mccloskey Coal Group - USA
- Wilmar Investment Holdings
- Indian Energy Exchange, India
- Parry Sugars Refinery, India
- Videocon Industries ltd - India
- Singapore Mercantile Exchange
- Oldendorff Carriers - Singapore
- Sindya Power Generating Company Private Ltd
- Meralco Power Generation, Philippines
- Larsen & Toubro Limited - India
- Sical Logistics Limited - India
- SN Aboitiz Power Inc, Philippines
- TeaM Sual Corporation - Philippines
- White Energy Company Limited
- Bulk Trading Sa - Switzerland
- Indika Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Power Finance Corporation Ltd., India
- London Commodity Brokers - England
- Ind-Barath Power Infra Limited - India
- Bhushan Steel Limited - India
- PNOC Exploration Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Grasim Industreis Ltd - India
- Timah Investasi Mineral - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Metalloyd Limited - United Kingdom
- Kideco Jaya Agung - Indonesia
- Economic Council, Georgia
- Savvy Resources Ltd - HongKong
- Bukit Asam (Persero) Tbk - Indonesia
- Vizag Seaport Private Limited - India
- Rio Tinto Coal - Australia
- Bharathi Cement Corporation - India
- New Zealand Coal & Carbon
- Central Java Power - Indonesia
- Mercuria Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Aditya Birla Group - India
- Mjunction Services Limited - India
- Africa Commodities Group - South Africa
- Indogreen Group - Indonesia
- Central Electricity Authority - India
- Sakthi Sugars Limited - India
- VISA Power Limited - India
- Global Business Power Corporation, Philippines
- GMR Energy Limited - India
- CNBM International Corporation - China
- Commonwealth Bank - Australia
- Globalindo Alam Lestari - Indonesia
- Bukit Makmur.PT - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Baiduri Energy - Indonesia
- GVK Power & Infra Limited - India
- Lanco Infratech Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Altura Mining Limited, Indonesia
- Sinarmas Energy and Mining - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- OPG Power Generation Pvt Ltd - India
- Thiess Contractors Indonesia
- Manunggal Multi Energi - Indonesia
- Medco Energi Mining Internasional
- Pipit Mutiara Jaya. PT, Indonesia
- Tata Chemicals Ltd - India
- Iligan Light & Power Inc, Philippines
- PowerSource Philippines DevCo
- Maheswari Brothers Coal Limited - India
- European Bulk Services B.V. - Netherlands
- Uttam Galva Steels Limited - India
- Global Coal Blending Company Limited - Australia
- Renaissance Capital - South Africa
- Orica Mining Services - Indonesia
- Electricity Generating Authority of Thailand
- Barasentosa Lestari - Indonesia
- Coal and Oil Company - UAE
- Simpson Spence & Young - Indonesia
- Binh Thuan Hamico - Vietnam
- Energy Development Corp, Philippines
- Chamber of Mines of South Africa
- Mercator Lines Limited - India
- Interocean Group of Companies - India
- Kartika Selabumi Mining - Indonesia
- Indonesian Coal Mining Association
- Bhatia International Limited - India
- Deloitte Consulting - India
- Karaikal Port Pvt Ltd - India
- Siam City Cement - Thailand
- Coalindo Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Eastern Coal Council - USA
- PTC India Limited - India
- Heidelberg Cement - Germany
- GAC Shipping (India) Pvt Ltd
- Star Paper Mills Limited - India
- ICICI Bank Limited - India
- Independent Power Producers Association of India
- Marubeni Corporation - India
- Baramulti Group, Indonesia
- Australian Commodity Traders Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Romanian Commodities Exchange
- Jaiprakash Power Ventures ltd
- Aboitiz Power Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Bangladesh Power Developement Board
- Straits Asia Resources Limited - Singapore
- Dalmia Cement Bharat India
- Holcim Trading Pte Ltd - Singapore
- Antam Resourcindo - Indonesia
- Indo Tambangraya Megah - Indonesia
- Chettinad Cement Corporation Ltd - India
- Borneo Indobara - Indonesia
- Formosa Plastics Group - Taiwan
- Orica Australia Pty. Ltd.
- Alfred C Toepfer International GmbH - Germany
- Attock Cement Pakistan Limited
- Pendopo Energi Batubara - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Parliament of New Zealand
- Samtan Co., Ltd - South Korea
- Gujarat Mineral Development Corp Ltd - India
- CIMB Investment Bank - Malaysia
- Eastern Energy - Thailand
- Riau Bara Harum - Indonesia
- Petron Corporation, Philippines
- Port Waratah Coal Services - Australia
- Cigading International Bulk Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Kobexindo Tractors - Indoneisa
- Banpu Public Company Limited - Thailand
- Anglo American - United Kingdom
- Petrochimia International Co. Ltd.- Taiwan
- Kumho Petrochemical, South Korea
- IEA Clean Coal Centre - UK
- Kaltim Prima Coal - Indonesia
- SMC Global Power, Philippines
- Gujarat Electricity Regulatory Commission - India
- Miang Besar Coal Terminal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Minerals Council of Australia
- Semirara Mining Corp, Philippines
- Agrawal Coal Company - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- ASAPP Information Group - India
- Standard Chartered Bank - UAE
- India Bulls Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- SMG Consultants - Indonesia
- Gujarat Sidhee Cement - India
- Sojitz Corporation - Japan
- Planning Commission, India
- Sarangani Energy Corporation, Philippines
- Mintek Dendrill Indonesia
- McConnell Dowell - Australia
- Kepco SPC Power Corporation, Philippines
- Ministry of Transport, Egypt
- Vedanta Resources Plc - India
- Goldman Sachs - Singapore
- LBH Netherlands Bv - Netherlands
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