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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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Tuesday, 05 April 22
INDONESIAN COAL PRICE REFERENCE HITS RECORD ABOVE $288
COALspot.com: Indonesian Coal Price Reference for April in a steep climb from March 2022.
As expected, Russia – Ukraine war dr ...
Thursday, 31 March 22
CHINA STATE PLANNER ASKS COAL INDEX PROVIDERS TO RECTIFY IRREGULARITIES - REUTERS
China’s state planner has asked some major coal price index providers to rectify “severe irregularities” it had identified in the ...
Thursday, 31 March 22
IMPORTED COAL PRICES TO JUMP 55% IN APR-JUN, IMPACT INDIAN FIRMS: ICRA - LIVEMINT
Supply disruption owing to the Russia-Ukraine conflict could push the price of imported coal by 45-55% in Q1FY23 compared to the previous quarter, ...
Thursday, 31 March 22
CHINA'S COAL OUTPUT SET FOR MODERATE GROWTH IN 2022 - INDUSTRY BODY - REUTERS
China is expected to see its coal output to grow further in 2022 after hitting a record last year, an industry body forecast on Wednesday, as the c ...
Tuesday, 29 March 22
MEMR OF INDONESIA HAS FIXED COAL PRICE AT US$ 90 PER TONNE FOR DOMESTIC INDUSTRIES EXCEPT SMELTER INDUSTRIES; FOR PLN USD 70 IS APPLICABLE
Minister of Energy and Mineral Resources (ESDM) Arifin Tasrif has set the selling price of coal for domestic, industrial except metal processing an ...
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- Star Paper Mills Limited - India
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- SMC Global Power, Philippines
- Banpu Public Company Limited - Thailand
- PNOC Exploration Corporation - Philippines
- Electricity Authority, New Zealand
- Dalmia Cement Bharat India
- McConnell Dowell - Australia
- Asmin Koalindo Tuhup - Indonesia
- Coalindo Energy - Indonesia
- London Commodity Brokers - England
- Commonwealth Bank - Australia
- Sindya Power Generating Company Private Ltd
- Power Finance Corporation Ltd., India
- Directorate General of MIneral and Coal - Indonesia
- Marubeni Corporation - India
- CNBM International Corporation - China
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- Parliament of New Zealand
- Planning Commission, India
- Bharathi Cement Corporation - India
- Energy Link Ltd, New Zealand
- Mjunction Services Limited - India
- Merrill Lynch Commodities Europe
- Kepco SPC Power Corporation, Philippines
- Deloitte Consulting - India
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- AsiaOL BioFuels Corp., Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Energy Development Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
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- The Treasury - Australian Government
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- Jorong Barutama Greston.PT - Indonesia
- IEA Clean Coal Centre - UK
- MS Steel International - UAE
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- Price Waterhouse Coopers - Russia
- PowerSource Philippines DevCo
- ASAPP Information Group - India
- Alfred C Toepfer International GmbH - Germany
- Madhucon Powers Ltd - India
- Vedanta Resources Plc - India
- Wilmar Investment Holdings
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- Maheswari Brothers Coal Limited - India
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- Kumho Petrochemical, South Korea
- Tamil Nadu electricity Board
- Bangladesh Power Developement Board
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- Billiton Holdings Pty Ltd - Australia
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- Kideco Jaya Agung - Indonesia
- Straits Asia Resources Limited - Singapore
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- Orica Mining Services - Indonesia
- Borneo Indobara - Indonesia
- Orica Australia Pty. Ltd.
- Romanian Commodities Exchange
- Makarim & Taira - Indonesia
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- Interocean Group of Companies - India
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- Vizag Seaport Private Limited - India
- Indo Tambangraya Megah - Indonesia
- Global Business Power Corporation, Philippines
- Bhatia International Limited - India
- Parry Sugars Refinery, India
- Eastern Coal Council - USA
- Kalimantan Lumbung Energi - Indonesia
- India Bulls Power Limited - India
- Wood Mackenzie - Singapore
- Agrawal Coal Company - India
- Indika Energy - Indonesia
- Trasteel International SA, Italy
- Thai Mozambique Logistica
- Altura Mining Limited, Indonesia
- Chettinad Cement Corporation Ltd - India
- SMG Consultants - Indonesia
- Ambuja Cements Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Central Electricity Authority - India
- Edison Trading Spa - Italy
- GMR Energy Limited - India
- ICICI Bank Limited - India
- GAC Shipping (India) Pvt Ltd
- Indian Energy Exchange, India
- Carbofer General Trading SA - India
- Singapore Mercantile Exchange
- Manunggal Multi Energi - Indonesia
- Videocon Industries ltd - India
- Africa Commodities Group - South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PTC India Limited - India
- LBH Netherlands Bv - Netherlands
- Sree Jayajothi Cements Limited - India
- Standard Chartered Bank - UAE
- Electricity Generating Authority of Thailand
- Sakthi Sugars Limited - India
- Heidelberg Cement - Germany
- Barasentosa Lestari - Indonesia
- Grasim Industreis Ltd - India
- Therma Luzon, Inc, Philippines
- Mercuria Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Sojitz Corporation - Japan
- Bhoruka Overseas - Indonesia
- Karbindo Abesyapradhi - Indoneisa
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- White Energy Company Limited
- Ministry of Finance - Indonesia
- Indian Oil Corporation Limited
- Minerals Council of Australia
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- Baramulti Group, Indonesia
- Xindia Steels Limited - India
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- GVK Power & Infra Limited - India
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- Global Coal Blending Company Limited - Australia
- TNB Fuel Sdn Bhd - Malaysia
- New Zealand Coal & Carbon
- Rashtriya Ispat Nigam Limited - India
- International Coal Ventures Pvt Ltd - India
- San Jose City I Power Corp, Philippines
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- Petron Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- European Bulk Services B.V. - Netherlands
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Renaissance Capital - South Africa
- Ministry of Transport, Egypt
- Pendopo Energi Batubara - Indonesia
- Gujarat Sidhee Cement - India
- Indonesian Coal Mining Association
- Eastern Energy - Thailand
- Meralco Power Generation, Philippines
- Meenaskhi Energy Private Limited - India
- Savvy Resources Ltd - HongKong
- CIMB Investment Bank - Malaysia
- Chamber of Mines of South Africa
- Bayan Resources Tbk. - Indonesia
- Australian Commodity Traders Exchange
- Rio Tinto Coal - Australia
- Independent Power Producers Association of India
- Neyveli Lignite Corporation Ltd, - India
- The State Trading Corporation of India Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Goldman Sachs - Singapore
- Metalloyd Limited - United Kingdom
- Central Java Power - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The University of Queensland
- Anglo American - United Kingdom
- Larsen & Toubro Limited - India
- Sical Logistics Limited - India
- Holcim Trading Pte Ltd - Singapore
- Posco Energy - South Korea
- Lanco Infratech Ltd - India
- Bhushan Steel Limited - India
- Oldendorff Carriers - Singapore
- Jaiprakash Power Ventures ltd
- Siam City Cement - Thailand
- Ind-Barath Power Infra Limited - India
- Siam City Cement PLC, Thailand
- Bukit Makmur.PT - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Port Waratah Coal Services - Australia
- Bulk Trading Sa - Switzerland
- Semirara Mining and Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Formosa Plastics Group - Taiwan
- Coal and Oil Company - UAE
- Samtan Co., Ltd - South Korea
- Medco Energi Mining Internasional
- Ministry of Mines - Canada
- Economic Council, Georgia
- Global Green Power PLC Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Essar Steel Hazira Ltd - India
- South Luzon Thermal Energy Corporation
- Coastal Gujarat Power Limited - India
- Semirara Mining Corp, Philippines
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- Maharashtra Electricity Regulatory Commission - India
- IHS Mccloskey Coal Group - USA
- Toyota Tsusho Corporation, Japan
- Miang Besar Coal Terminal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Georgia Ports Authority, United States
- Australian Coal Association
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