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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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Friday, 18 November 22
REALITIES OF LOI LIABILITIES - BALTIC EXCHANGE
KNOWLEDGE TO ELEVATE
The cargo misdelivery claim in Trafigura Maritime Logistics Pte Ltd v. Clearlake Shipping Pte Ltd (Miracle Hope) [2022] E ...
Tuesday, 15 November 22
CHINA SEES RISING COAL STORAGE AMID SUPPLY PUSH - XINHUA
Coal stockpiles at China’s power plants have seen considerable increases, ensuring energy supply for the winter, the country’s energy r ...
Tuesday, 15 November 22
SEABORNE THERMAL COAL PRICES START TO EASE, BUT PROCESS IS UNEVEN - REUTERS
Prices for seaborne thermal coal have started to drop as fears of a winter energy crunch ease, but the rate of decline has varied across the differ ...
Thursday, 10 November 22
INDIA: THERMAL PLANTS HAVE ADEQUATE COAL STOCKS AT 25.6 MILLION TONNES, SAYS GOVT - IANS
The coal stock with domestic dry fuel-based power plants, as on October 31, was 25.6 million tonnes, the government said, adding that the availabil ...
Tuesday, 08 November 22
OUTLOOK ON CHINA’S WEAKENED BASIC MATERIALS SECTOR CLOUDED BY POLICY SWINGS - FITCH RATINGS
Fitch Ratings expects basic materials demand in China to improve qoq in 4Q22, driven by seasonally higher construction activity, solid infrastructu ...
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- Independent Power Producers Association of India
- Videocon Industries ltd - India
- Krishnapatnam Port Company Ltd. - India
- PowerSource Philippines DevCo
- Altura Mining Limited, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Toyota Tsusho Corporation, Japan
- Interocean Group of Companies - India
- Bahari Cakrawala Sebuku - Indonesia
- Goldman Sachs - Singapore
- GMR Energy Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Posco Energy - South Korea
- The State Trading Corporation of India Ltd
- Kalimantan Lumbung Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Thiess Contractors Indonesia
- Bhushan Steel Limited - India
- Carbofer General Trading SA - India
- Minerals Council of Australia
- Ambuja Cements Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kumho Petrochemical, South Korea
- Wilmar Investment Holdings
- GVK Power & Infra Limited - India
- Gujarat Electricity Regulatory Commission - India
- Aditya Birla Group - India
- Indika Energy - Indonesia
- Indian Oil Corporation Limited
- Karbindo Abesyapradhi - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Singapore Mercantile Exchange
- Therma Luzon, Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Economic Council, Georgia
- Kaltim Prima Coal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Baramulti Group, Indonesia
- European Bulk Services B.V. - Netherlands
- Larsen & Toubro Limited - India
- Central Java Power - Indonesia
- Intertek Mineral Services - Indonesia
- The University of Queensland
- Mintek Dendrill Indonesia
- Samtan Co., Ltd - South Korea
- Sarangani Energy Corporation, Philippines
- Meralco Power Generation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Price Waterhouse Coopers - Russia
- PetroVietnam Power Coal Import and Supply Company
- Timah Investasi Mineral - Indoneisa
- Chamber of Mines of South Africa
- Edison Trading Spa - Italy
- OPG Power Generation Pvt Ltd - India
- Agrawal Coal Company - India
- Latin American Coal - Colombia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Petron Corporation, Philippines
- Global Business Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- London Commodity Brokers - England
- Vizag Seaport Private Limited - India
- Bhoruka Overseas - Indonesia
- Barasentosa Lestari - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sojitz Corporation - Japan
- The Treasury - Australian Government
- McConnell Dowell - Australia
- White Energy Company Limited
- Siam City Cement - Thailand
- Bharathi Cement Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Cement Manufacturers Association - India
- Maharashtra Electricity Regulatory Commission - India
- Indogreen Group - Indonesia
- SMC Global Power, Philippines
- Kideco Jaya Agung - Indonesia
- CNBM International Corporation - China
- Energy Link Ltd, New Zealand
- Tata Chemicals Ltd - India
- Karaikal Port Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Sree Jayajothi Cements Limited - India
- ASAPP Information Group - India
- Aboitiz Power Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- MS Steel International - UAE
- Trasteel International SA, Italy
- Lanco Infratech Ltd - India
- International Coal Ventures Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Asmin Koalindo Tuhup - Indonesia
- Semirara Mining Corp, Philippines
- Siam City Cement PLC, Thailand
- Jindal Steel & Power Ltd - India
- Mercator Lines Limited - India
- Indonesian Coal Mining Association
- Dalmia Cement Bharat India
- TeaM Sual Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Medco Energi Mining Internasional
- Bhatia International Limited - India
- New Zealand Coal & Carbon
- Bangladesh Power Developement Board
- Salva Resources Pvt Ltd - India
- Tamil Nadu electricity Board
- Banpu Public Company Limited - Thailand
- PNOC Exploration Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Finance - Indonesia
- Makarim & Taira - Indonesia
- Indian Energy Exchange, India
- Gujarat Mineral Development Corp Ltd - India
- IHS Mccloskey Coal Group - USA
- Global Coal Blending Company Limited - Australia
- Semirara Mining and Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- San Jose City I Power Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Chettinad Cement Corporation Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Makmur.PT - Indonesia
- Essar Steel Hazira Ltd - India
- Electricity Authority, New Zealand
- Global Green Power PLC Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Star Paper Mills Limited - India
- Power Finance Corporation Ltd., India
- Kapuas Tunggal Persada - Indonesia
- Bukit Baiduri Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Eastern Coal Council - USA
- Australian Commodity Traders Exchange
- Metalloyd Limited - United Kingdom
- SMG Consultants - Indonesia
- Heidelberg Cement - Germany
- Parliament of New Zealand
- Electricity Generating Authority of Thailand
- Ministry of Mines - Canada
- Commonwealth Bank - Australia
- South Luzon Thermal Energy Corporation
- Orica Mining Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- Deloitte Consulting - India
- Ind-Barath Power Infra Limited - India
- Rio Tinto Coal - Australia
- VISA Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- ICICI Bank Limited - India
- Antam Resourcindo - Indonesia
- Uttam Galva Steels Limited - India
- Xindia Steels Limited - India
- Standard Chartered Bank - UAE
- CIMB Investment Bank - Malaysia
- Coalindo Energy - Indonesia
- Coal and Oil Company - UAE
- LBH Netherlands Bv - Netherlands
- Port Waratah Coal Services - Australia
- Africa Commodities Group - South Africa
- India Bulls Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Renaissance Capital - South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Sidhee Cement - India
- Straits Asia Resources Limited - Singapore
- Merrill Lynch Commodities Europe
- Marubeni Corporation - India
- Formosa Plastics Group - Taiwan
- Rashtriya Ispat Nigam Limited - India
- Oldendorff Carriers - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Riau Bara Harum - Indonesia
- Binh Thuan Hamico - Vietnam
- Anglo American - United Kingdom
- Eastern Energy - Thailand
- Thai Mozambique Logistica
- Iligan Light & Power Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Mercuria Energy - Indonesia
- Vedanta Resources Plc - India
- Jaiprakash Power Ventures ltd
- Manunggal Multi Energi - Indonesia
- Wood Mackenzie - Singapore
- IEA Clean Coal Centre - UK
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sakthi Sugars Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Sindya Power Generating Company Private Ltd
- Coastal Gujarat Power Limited - India
- Borneo Indobara - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Mjunction Services Limited - India
- PTC India Limited - India
- Australian Coal Association
- Energy Development Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Central Electricity Authority - India
- Simpson Spence & Young - Indonesia
- Planning Commission, India
- Romanian Commodities Exchange
- Parry Sugars Refinery, India
- Madhucon Powers Ltd - India
- Ministry of Transport, Egypt
- Malabar Cements Ltd - India
- Grasim Industreis Ltd - India
- Meenaskhi Energy Private Limited - India
- Globalindo Alam Lestari - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Attock Cement Pakistan Limited
- Sical Logistics Limited - India
- Orica Australia Pty. Ltd.
- Bayan Resources Tbk. - Indonesia
- Georgia Ports Authority, United States
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