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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, 02 March 23
DRY BULK MARKET: THE WAY CHINA GOES, SO GOES THE MARKET - BIMCO
We expect demand growth within the 1.5-2.5% range in 2023, driven by China’s economic recovery. Improvements in consumer sentiment should hel ...
Thursday, 02 March 23
INDIA, CHINA DEMAND BOOST LOW-RANK THERMAL COAL PRICES IN ASIA - RUSSELL, REUTERS
Signs of stronger import demand from India have arrested the decline in price of the thermal coal grades most commonly sought by the world’s ...
Thursday, 02 March 23
INDIA CHEERS THE RETURN OF ‘KING COAL’ AS INDUSTRY SEES BUOYANT FUTURE - REUTERS
India’s coal industry celebrated the return of its major conference after a three-year pandemic hiatus by presenting a bullish view of demand ...
Wednesday, 01 March 23
GEO CONNECT ASIA RETURNS IN MARCH TO ACCELERATE THE REGION’S GEOSPATIAL AND LOCATION INTELLIGENCE CAPABILITIES
Press Release: The third edition of GCA will be held in conjunction with Digital Construction Asia and the inaugural Drones Asia – an event d ...
Wednesday, 01 March 23
THE DECLINE IN THE COAL PRICE SINCE THE BEGINNING OF THE YEAR HAS BEEN SIGNIFICANT - INTERMODAL
Last week, the front-month API2 future rose by 3.5%, but since the beginning of the year the future has fallen by 39% to $136.65/t, while the Newca ...
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- Standard Chartered Bank - UAE
- Gujarat Sidhee Cement - India
- Parliament of New Zealand
- Siam City Cement PLC, Thailand
- Aditya Birla Group - India
- Sarangani Energy Corporation, Philippines
- Oldendorff Carriers - Singapore
- CIMB Investment Bank - Malaysia
- White Energy Company Limited
- Ministry of Finance - Indonesia
- South Luzon Thermal Energy Corporation
- Ambuja Cements Ltd - India
- Coal and Oil Company - UAE
- Planning Commission, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Formosa Plastics Group - Taiwan
- Sree Jayajothi Cements Limited - India
- Simpson Spence & Young - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Tamil Nadu electricity Board
- Essar Steel Hazira Ltd - India
- Meralco Power Generation, Philippines
- Malabar Cements Ltd - India
- Semirara Mining Corp, Philippines
- MS Steel International - UAE
- Global Coal Blending Company Limited - Australia
- Rashtriya Ispat Nigam Limited - India
- Grasim Industreis Ltd - India
- Madhucon Powers Ltd - India
- The Treasury - Australian Government
- Bukit Baiduri Energy - Indonesia
- Tata Chemicals Ltd - India
- Barasentosa Lestari - Indonesia
- Cement Manufacturers Association - India
- Karaikal Port Pvt Ltd - India
- Vizag Seaport Private Limited - India
- The State Trading Corporation of India Ltd
- Sindya Power Generating Company Private Ltd
- Jorong Barutama Greston.PT - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Orica Mining Services - Indonesia
- ICICI Bank Limited - India
- SMG Consultants - Indonesia
- Globalindo Alam Lestari - Indonesia
- Bhatia International Limited - India
- Africa Commodities Group - South Africa
- Commonwealth Bank - Australia
- Krishnapatnam Port Company Ltd. - India
- Straits Asia Resources Limited - Singapore
- Merrill Lynch Commodities Europe
- Siam City Cement - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Miang Besar Coal Terminal - Indonesia
- Energy Link Ltd, New Zealand
- Petron Corporation, Philippines
- The University of Queensland
- Alfred C Toepfer International GmbH - Germany
- LBH Netherlands Bv - Netherlands
- Iligan Light & Power Inc, Philippines
- Australian Commodity Traders Exchange
- Australian Coal Association
- GN Power Mariveles Coal Plant, Philippines
- Vedanta Resources Plc - India
- Banpu Public Company Limited - Thailand
- Bhoruka Overseas - Indonesia
- Chamber of Mines of South Africa
- Interocean Group of Companies - India
- Binh Thuan Hamico - Vietnam
- Aboitiz Power Corporation - Philippines
- Samtan Co., Ltd - South Korea
- Toyota Tsusho Corporation, Japan
- Sakthi Sugars Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Antam Resourcindo - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- European Bulk Services B.V. - Netherlands
- Directorate Of Revenue Intelligence - India
- Chettinad Cement Corporation Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Anglo American - United Kingdom
- San Jose City I Power Corp, Philippines
- Trasteel International SA, Italy
- Indika Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Renaissance Capital - South Africa
- Global Green Power PLC Corporation, Philippines
- ASAPP Information Group - India
- Indogreen Group - Indonesia
- Singapore Mercantile Exchange
- Georgia Ports Authority, United States
- Gujarat Electricity Regulatory Commission - India
- OPG Power Generation Pvt Ltd - India
- Independent Power Producers Association of India
- Bahari Cakrawala Sebuku - Indonesia
- Power Finance Corporation Ltd., India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pendopo Energi Batubara - Indonesia
- PNOC Exploration Corporation - Philippines
- PTC India Limited - India
- SMC Global Power, Philippines
- IHS Mccloskey Coal Group - USA
- Metalloyd Limited - United Kingdom
- Baramulti Group, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Transport, Egypt
- Intertek Mineral Services - Indonesia
- Lanco Infratech Ltd - India
- Wood Mackenzie - Singapore
- Holcim Trading Pte Ltd - Singapore
- Medco Energi Mining Internasional
- Eastern Coal Council - USA
- Makarim & Taira - Indonesia
- Rio Tinto Coal - Australia
- Central Electricity Authority - India
- Edison Trading Spa - Italy
- Uttam Galva Steels Limited - India
- Altura Mining Limited, Indonesia
- Thai Mozambique Logistica
- Central Java Power - Indonesia
- Romanian Commodities Exchange
- Kobexindo Tractors - Indoneisa
- Indian Energy Exchange, India
- Billiton Holdings Pty Ltd - Australia
- Riau Bara Harum - Indonesia
- Wilmar Investment Holdings
- Bukit Makmur.PT - Indonesia
- Minerals Council of Australia
- VISA Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Energy Development Corp, Philippines
- Xindia Steels Limited - India
- Economic Council, Georgia
- GAC Shipping (India) Pvt Ltd
- Mjunction Services Limited - India
- Goldman Sachs - Singapore
- Ind-Barath Power Infra Limited - India
- Eastern Energy - Thailand
- Marubeni Corporation - India
- Cigading International Bulk Terminal - Indonesia
- IEA Clean Coal Centre - UK
- Kepco SPC Power Corporation, Philippines
- Attock Cement Pakistan Limited
- PowerSource Philippines DevCo
- Meenaskhi Energy Private Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bangladesh Power Developement Board
- Posco Energy - South Korea
- Bulk Trading Sa - Switzerland
- TeaM Sual Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- India Bulls Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Indian Oil Corporation Limited
- Borneo Indobara - Indonesia
- Price Waterhouse Coopers - Russia
- Kumho Petrochemical, South Korea
- London Commodity Brokers - England
- Electricity Authority, New Zealand
- International Coal Ventures Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- GMR Energy Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sojitz Corporation - Japan
- Electricity Generating Authority of Thailand
- Manunggal Multi Energi - Indonesia
- Dalmia Cement Bharat India
- Larsen & Toubro Limited - India
- Heidelberg Cement - Germany
- Sical Logistics Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Salva Resources Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Pipit Mutiara Jaya. PT, Indonesia
- Kaltim Prima Coal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Maheswari Brothers Coal Limited - India
- Latin American Coal - Colombia
- New Zealand Coal & Carbon
- Bhushan Steel Limited - India
- Mintek Dendrill Indonesia
- Therma Luzon, Inc, Philippines
- Coastal Gujarat Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- Star Paper Mills Limited - India
- Indonesian Coal Mining Association
- PetroVietnam Power Coal Import and Supply Company
- Kohat Cement Company Ltd. - Pakistan
- CNBM International Corporation - China
- Semirara Mining and Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Videocon Industries ltd - India
- Indo Tambangraya Megah - Indonesia
- Thiess Contractors Indonesia
- Timah Investasi Mineral - Indoneisa
- Orica Australia Pty. Ltd.
- Mercator Lines Limited - India
- Deloitte Consulting - India
- Kartika Selabumi Mining - Indonesia
- Bayan Resources Tbk. - Indonesia
- Bharathi Cement Corporation - India
- Ministry of Mines - Canada
- Global Business Power Corporation, Philippines
- GVK Power & Infra Limited - India
- Jaiprakash Power Ventures ltd
- Agrawal Coal Company - India
- Carbofer General Trading SA - India
- SN Aboitiz Power Inc, Philippines
- McConnell Dowell - Australia
- Coalindo Energy - Indonesia
- Parry Sugars Refinery, India
- Mercuria Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Asmin Koalindo Tuhup - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Port Waratah Coal Services - Australia
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