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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, 04 November 22
CHINA EXPANDS COAL TERM CONTRACTS TO ALL MINES TO STABILIZE MARKET - REUTERS
China has expanded long-term thermal coal supply contracts for 2023 to all coal mines and asked power utilities to source more of their demand thro ...
Thursday, 03 November 22
HANDYSIZE VALUES MOVING UP IN OCTOBER, WHILE LNG VALUES SKYROCKET - VESSELSVALUE
Handysize values have increased this month across most ages, following a period of decline. Values for generic 10 year old Handysizes have moved up ...
Thursday, 03 November 22
EUROPEAN GAS SUPPLY SURPLUS, NOVEMBER HBA DOWN TO US$ 308.2 PER TON - ESDM
European gas supply conditions have a major influence in determining fluctuations in the Reference Coal Price (HBA). The November 2022 HBA recorded ...
Wednesday, 02 November 22
MARKET INSIGHT - INTERMODAL
Only five weeks before western sanctions’ full effect, uncertainty over energy has markets and governments on the edge. What was initially th ...
Tuesday, 01 November 22
CHINA COAL TRADE DISRUPTED BY COVID OUTBREAKS AS WINTER LOOMS - REUTERS
China’s strict COVID-19 policy is constraining coal supplies and pushing up prices, industry officials and traders say, just weeks before the ...
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- Therma Luzon, Inc, Philippines
- Antam Resourcindo - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Energy Link Ltd, New Zealand
- Ambuja Cements Ltd - India
- The Treasury - Australian Government
- Kobexindo Tractors - Indoneisa
- Formosa Plastics Group - Taiwan
- Barasentosa Lestari - Indonesia
- Africa Commodities Group - South Africa
- Semirara Mining and Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Bhoruka Overseas - Indonesia
- Meralco Power Generation, Philippines
- Petron Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Malabar Cements Ltd - India
- Port Waratah Coal Services - Australia
- Anglo American - United Kingdom
- Bahari Cakrawala Sebuku - Indonesia
- Cement Manufacturers Association - India
- Edison Trading Spa - Italy
- IHS Mccloskey Coal Group - USA
- Lanco Infratech Ltd - India
- Metalloyd Limited - United Kingdom
- Ministry of Finance - Indonesia
- Videocon Industries ltd - India
- Aditya Birla Group - India
- Straits Asia Resources Limited - Singapore
- Minerals Council of Australia
- Rashtriya Ispat Nigam Limited - India
- Jindal Steel & Power Ltd - India
- Grasim Industreis Ltd - India
- Eastern Coal Council - USA
- Electricity Generating Authority of Thailand
- Mintek Dendrill Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Australian Coal Association
- Kaltim Prima Coal - Indonesia
- Merrill Lynch Commodities Europe
- Indian Oil Corporation Limited
- McConnell Dowell - Australia
- Gujarat Electricity Regulatory Commission - India
- GAC Shipping (India) Pvt Ltd
- Orica Australia Pty. Ltd.
- LBH Netherlands Bv - Netherlands
- Intertek Mineral Services - Indonesia
- Interocean Group of Companies - India
- Krishnapatnam Port Company Ltd. - India
- Bangladesh Power Developement Board
- Borneo Indobara - Indonesia
- Sical Logistics Limited - India
- Bhushan Steel Limited - India
- Sindya Power Generating Company Private Ltd
- TeaM Sual Corporation - Philippines
- Simpson Spence & Young - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Latin American Coal - Colombia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kapuas Tunggal Persada - Indonesia
- White Energy Company Limited
- Riau Bara Harum - Indonesia
- Semirara Mining Corp, Philippines
- Coalindo Energy - Indonesia
- Wilmar Investment Holdings
- Leighton Contractors Pty Ltd - Australia
- ICICI Bank Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Siam City Cement - Thailand
- Indogreen Group - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Bukit Makmur.PT - Indonesia
- Planning Commission, India
- Indika Energy - Indonesia
- Sojitz Corporation - Japan
- Australian Commodity Traders Exchange
- Energy Development Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Madhucon Powers Ltd - India
- Siam City Cement PLC, Thailand
- Maharashtra Electricity Regulatory Commission - India
- India Bulls Power Limited - India
- San Jose City I Power Corp, Philippines
- Oldendorff Carriers - Singapore
- Jaiprakash Power Ventures ltd
- Aboitiz Power Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Gujarat Sidhee Cement - India
- New Zealand Coal & Carbon
- Chamber of Mines of South Africa
- ASAPP Information Group - India
- Singapore Mercantile Exchange
- Kumho Petrochemical, South Korea
- Global Coal Blending Company Limited - Australia
- Xindia Steels Limited - India
- Altura Mining Limited, Indonesia
- Commonwealth Bank - Australia
- PTC India Limited - India
- Parry Sugars Refinery, India
- OPG Power Generation Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Bharathi Cement Corporation - India
- International Coal Ventures Pvt Ltd - India
- Heidelberg Cement - Germany
- VISA Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Transport, Egypt
- The State Trading Corporation of India Ltd
- Miang Besar Coal Terminal - Indonesia
- Uttam Galva Steels Limited - India
- Samtan Co., Ltd - South Korea
- Alfred C Toepfer International GmbH - Germany
- Sarangani Energy Corporation, Philippines
- Baramulti Group, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coastal Gujarat Power Limited - India
- Price Waterhouse Coopers - Russia
- Ind-Barath Power Infra Limited - India
- Goldman Sachs - Singapore
- Carbofer General Trading SA - India
- Sakthi Sugars Limited - India
- PetroVietnam Power Coal Import and Supply Company
- SMC Global Power, Philippines
- Central Java Power - Indonesia
- Iligan Light & Power Inc, Philippines
- CNBM International Corporation - China
- Toyota Tsusho Corporation, Japan
- Globalindo Alam Lestari - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Orica Mining Services - Indonesia
- Essar Steel Hazira Ltd - India
- Thai Mozambique Logistica
- Indian Energy Exchange, India
- Pendopo Energi Batubara - Indonesia
- PNOC Exploration Corporation - Philippines
- SMG Consultants - Indonesia
- Directorate Of Revenue Intelligence - India
- IEA Clean Coal Centre - UK
- Ministry of Mines - Canada
- Posco Energy - South Korea
- Economic Council, Georgia
- Neyveli Lignite Corporation Ltd, - India
- Global Business Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Thiess Contractors Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- CIMB Investment Bank - Malaysia
- Central Electricity Authority - India
- Bhatia International Limited - India
- Cigading International Bulk Terminal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Eastern Energy - Thailand
- Makarim & Taira - Indonesia
- Vedanta Resources Plc - India
- Independent Power Producers Association of India
- Dalmia Cement Bharat India
- Sree Jayajothi Cements Limited - India
- MS Steel International - UAE
- Salva Resources Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Marubeni Corporation - India
- Karbindo Abesyapradhi - Indoneisa
- Standard Chartered Bank - UAE
- Mjunction Services Limited - India
- GMR Energy Limited - India
- Wood Mackenzie - Singapore
- Trasteel International SA, Italy
- Tamil Nadu electricity Board
- Mercuria Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Georgia Ports Authority, United States
- The University of Queensland
- Electricity Authority, New Zealand
- Meenaskhi Energy Private Limited - India
- Manunggal Multi Energi - Indonesia
- Maheswari Brothers Coal Limited - India
- Renaissance Capital - South Africa
- Agrawal Coal Company - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- GVK Power & Infra Limited - India
- Attock Cement Pakistan Limited
- European Bulk Services B.V. - Netherlands
- PowerSource Philippines DevCo
- Bayan Resources Tbk. - Indonesia
- London Commodity Brokers - England
- Tata Chemicals Ltd - India
- Star Paper Mills Limited - India
- Timah Investasi Mineral - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coal and Oil Company - UAE
- Bukit Baiduri Energy - Indonesia
- Larsen & Toubro Limited - India
- AsiaOL BioFuels Corp., Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ceylon Electricity Board - Sri Lanka
- Karaikal Port Pvt Ltd - India
- Romanian Commodities Exchange
- Parliament of New Zealand
- Indo Tambangraya Megah - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Chettinad Cement Corporation Ltd - India
- Power Finance Corporation Ltd., India
- Mercator Lines Limited - India
- Rio Tinto Coal - Australia
- Savvy Resources Ltd - HongKong
- South Luzon Thermal Energy Corporation
- Medco Energi Mining Internasional
- Indonesian Coal Mining Association
- Binh Thuan Hamico - Vietnam
- Deloitte Consulting - India
- Petrochimia International Co. Ltd.- Taiwan
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