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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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Monday, 25 May 20
NON-OPEC OIL SUPPLY DEVELOPMENT - OPEC
Non-OPEC oil supply continued to increase by 2.0 mb/d in 2019, driven by US shale production, which rose by 1.7 mb/d, amounting to 84% of total non ...
Sunday, 24 May 20
A 63,000 FIXED DELIVERY VIETNAM TRIP VIA INDONESIA REDELIVERY KOSICHANG AT $8,500 - BALTIC BRIEFING
Capesize
After a week of bounce momentum the market appears to have stalled out once again. The Capesize 5TC has more than doubled since last F ...
Saturday, 23 May 20
COLOMBIA COAL OUTPUT DOWN 7.2% IN Q1 ON LOW PRICES, CORONAVIRUS LOCKDOWN - REUTERS
Coal production in Colombia, the world’s fifth-largest coal exporter, fell 7.2% in the first quarter because of low prices and coronavirus qu ...
Saturday, 23 May 20
EWP INVITES BIDS FOR 840,000 METRIC TONS OF MIN 5700 NAR COAL
COALspot.com: South Korea’s Korea East-West Power Co. Ltd (EWP) has Issued an International Tender for total Max 840,000 Metric Tons of min 5 ...
Thursday, 21 May 20
KOMIPO INVITED BIDS FOR TOTAL 610000 MT OF LCV AND HCV COAL FOR 2H 2020
COALspot.com: South Korea’s Korea Midland Power Co. Ltd. (KOMIPO) has Issued an International Tender for 130,000 mt of 5700 NCV coal an ...
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Showing 951 to 955 news of total 6871 |
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- Altura Mining Limited, Indonesia
- CNBM International Corporation - China
- Kapuas Tunggal Persada - Indonesia
- Electricity Authority, New Zealand
- Larsen & Toubro Limited - India
- Renaissance Capital - South Africa
- Bayan Resources Tbk. - Indonesia
- Commonwealth Bank - Australia
- PNOC Exploration Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Africa Commodities Group - South Africa
- Cement Manufacturers Association - India
- Dalmia Cement Bharat India
- Planning Commission, India
- Carbofer General Trading SA - India
- Gujarat Mineral Development Corp Ltd - India
- Thai Mozambique Logistica
- Salva Resources Pvt Ltd - India
- Petron Corporation, Philippines
- Global Business Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- SMC Global Power, Philippines
- Kideco Jaya Agung - Indonesia
- Electricity Generating Authority of Thailand
- Aboitiz Power Corporation - Philippines
- Indogreen Group - Indonesia
- Banpu Public Company Limited - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Toyota Tsusho Corporation, Japan
- Coastal Gujarat Power Limited - India
- Mintek Dendrill Indonesia
- Trasteel International SA, Italy
- Indian Oil Corporation Limited
- London Commodity Brokers - England
- Offshore Bulk Terminal Pte Ltd, Singapore
- PTC India Limited - India
- Posco Energy - South Korea
- Malabar Cements Ltd - India
- Formosa Plastics Group - Taiwan
- Wilmar Investment Holdings
- Baramulti Group, Indonesia
- Central Electricity Authority - India
- Grasim Industreis Ltd - India
- Interocean Group of Companies - India
- Minerals Council of Australia
- Neyveli Lignite Corporation Ltd, - India
- IHS Mccloskey Coal Group - USA
- San Jose City I Power Corp, Philippines
- Latin American Coal - Colombia
- Mjunction Services Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Chamber of Mines of South Africa
- Sindya Power Generating Company Private Ltd
- Jorong Barutama Greston.PT - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Pipit Mutiara Jaya. PT, Indonesia
- Manunggal Multi Energi - Indonesia
- GMR Energy Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Kalimantan Lumbung Energi - Indonesia
- Sarangani Energy Corporation, Philippines
- Independent Power Producers Association of India
- Ministry of Mines - Canada
- South Luzon Thermal Energy Corporation
- Simpson Spence & Young - Indonesia
- Directorate Of Revenue Intelligence - India
- Gujarat Electricity Regulatory Commission - India
- Xindia Steels Limited - India
- India Bulls Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- CIMB Investment Bank - Malaysia
- Timah Investasi Mineral - Indoneisa
- Bhatia International Limited - India
- Vizag Seaport Private Limited - India
- LBH Netherlands Bv - Netherlands
- Siam City Cement - Thailand
- Singapore Mercantile Exchange
- Bharathi Cement Corporation - India
- Kaltim Prima Coal - Indonesia
- TeaM Sual Corporation - Philippines
- Deloitte Consulting - India
- Krishnapatnam Port Company Ltd. - India
- Attock Cement Pakistan Limited
- Semirara Mining Corp, Philippines
- The University of Queensland
- Kepco SPC Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Orica Australia Pty. Ltd.
- International Coal Ventures Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kobexindo Tractors - Indoneisa
- Vedanta Resources Plc - India
- Price Waterhouse Coopers - Russia
- PowerSource Philippines DevCo
- Ministry of Transport, Egypt
- Bukit Makmur.PT - Indonesia
- Energy Development Corp, Philippines
- Savvy Resources Ltd - HongKong
- Uttam Galva Steels Limited - India
- Power Finance Corporation Ltd., India
- Sakthi Sugars Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Oldendorff Carriers - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Central Java Power - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Kumho Petrochemical, South Korea
- Directorate General of MIneral and Coal - Indonesia
- Aditya Birla Group - India
- Georgia Ports Authority, United States
- Marubeni Corporation - India
- Star Paper Mills Limited - India
- McConnell Dowell - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhoruka Overseas - Indonesia
- Riau Bara Harum - Indonesia
- Heidelberg Cement - Germany
- Indonesian Coal Mining Association
- Australian Coal Association
- Bangladesh Power Developement Board
- Wood Mackenzie - Singapore
- Lanco Infratech Ltd - India
- OPG Power Generation Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Ceylon Electricity Board - Sri Lanka
- Agrawal Coal Company - India
- Tamil Nadu electricity Board
- GAC Shipping (India) Pvt Ltd
- Gujarat Sidhee Cement - India
- Edison Trading Spa - Italy
- Essar Steel Hazira Ltd - India
- Coal and Oil Company - UAE
- Leighton Contractors Pty Ltd - Australia
- Energy Link Ltd, New Zealand
- Goldman Sachs - Singapore
- European Bulk Services B.V. - Netherlands
- Indian Energy Exchange, India
- Jindal Steel & Power Ltd - India
- Australian Commodity Traders Exchange
- Intertek Mineral Services - Indonesia
- Romanian Commodities Exchange
- Meenaskhi Energy Private Limited - India
- Billiton Holdings Pty Ltd - Australia
- Orica Mining Services - Indonesia
- Tata Chemicals Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Port Waratah Coal Services - Australia
- Rio Tinto Coal - Australia
- IEA Clean Coal Centre - UK
- Madhucon Powers Ltd - India
- Parliament of New Zealand
- Ministry of Finance - Indonesia
- GVK Power & Infra Limited - India
- Sree Jayajothi Cements Limited - India
- Sojitz Corporation - Japan
- VISA Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- ICICI Bank Limited - India
- Binh Thuan Hamico - Vietnam
- Asmin Koalindo Tuhup - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Bhushan Steel Limited - India
- ASAPP Information Group - India
- Chettinad Cement Corporation Ltd - India
- Economic Council, Georgia
- Kartika Selabumi Mining - Indonesia
- Straits Asia Resources Limited - Singapore
- Thiess Contractors Indonesia
- Merrill Lynch Commodities Europe
- Videocon Industries ltd - India
- Metalloyd Limited - United Kingdom
- Medco Energi Mining Internasional
- Kohat Cement Company Ltd. - Pakistan
- SN Aboitiz Power Inc, Philippines
- The Treasury - Australian Government
- Antam Resourcindo - Indonesia
- Meralco Power Generation, Philippines
- New Zealand Coal & Carbon
- Eastern Energy - Thailand
- Sical Logistics Limited - India
- Barasentosa Lestari - Indonesia
- Mercator Lines Limited - India
- Bukit Baiduri Energy - Indonesia
- Coalindo Energy - Indonesia
- Mercuria Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Ambuja Cements Ltd - India
- Eastern Coal Council - USA
- Globalindo Alam Lestari - Indonesia
- Karaikal Port Pvt Ltd - India
- MS Steel International - UAE
- Indo Tambangraya Megah - Indonesia
- Parry Sugars Refinery, India
- Borneo Indobara - Indonesia
- Makarim & Taira - Indonesia
- Global Coal Blending Company Limited - Australia
- Holcim Trading Pte Ltd - Singapore
- Cigading International Bulk Terminal - Indonesia
- Therma Luzon, Inc, Philippines
- SMG Consultants - Indonesia
- Bulk Trading Sa - Switzerland
- White Energy Company Limited
- Samtan Co., Ltd - South Korea
- Pendopo Energi Batubara - Indonesia
- Standard Chartered Bank - UAE
- Global Green Power PLC Corporation, Philippines
- Anglo American - United Kingdom
- Iligan Light & Power Inc, Philippines
- Indika Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jaiprakash Power Ventures ltd
- Ind-Barath Power Infra Limited - India
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