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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, 25 November 21
SE ASIA POWER DEMAND TO RISE AS STATE SUPPORT MITIGATES COVID-19 IMPACT - FITCH RATINGS
Electricity demand in south-east Asia is likely to increase in 2021, following slow growth or contraction in 2020, thanks to state support that has ...
Thursday, 25 November 21
FITCH RATINGS INCREASES MOST GLOBAL METALS AND MINING PRICE ASSUMPTIONS - FITCH RATINGS
Fitch Ratings has increased most metals and mining price assumptions, particularly those that benefit from increased longer-term demand due to glob ...
Thursday, 25 November 21
CHINA'S COAL PRICE DROPS IN MID-NOVEMBER AMID GOVERNMENT’S SWEEPING MEASURES - GLOBAL TIMES
China’s coal prices have dropped significantly in mid-November compared with the beginning of the month, with the price of coking coal and co ...
Wednesday, 24 November 21
MARKET INSIGHT - INTERMODAL
Inflation is the word that has dominated the meetings of foreign leaders and finance ministers in recent weeks, as rising energy costs, supply chai ...
Wednesday, 24 November 21
WHY THIS MINING ANALYST IS UPBEAT ON THE IRON ORE PRICE FORECAST - MOTLEY FOOL
In many ways, 2021 can be called the year of the iron ore price. Much of the talk of the ASX town this year has revolved around this key economic m ...
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- Baramulti Group, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Meralco Power Generation, Philippines
- Rio Tinto Coal - Australia
- Commonwealth Bank - Australia
- Malabar Cements Ltd - India
- Orica Mining Services - Indonesia
- Bukit Baiduri Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Africa Commodities Group - South Africa
- Ministry of Mines - Canada
- Indian Oil Corporation Limited
- Deloitte Consulting - India
- PetroVietnam Power Coal Import and Supply Company
- Romanian Commodities Exchange
- SN Aboitiz Power Inc, Philippines
- Cement Manufacturers Association - India
- Wilmar Investment Holdings
- Vijayanagar Sugar Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Sical Logistics Limited - India
- Parry Sugars Refinery, India
- Essar Steel Hazira Ltd - India
- Uttam Galva Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Kumho Petrochemical, South Korea
- Billiton Holdings Pty Ltd - Australia
- Carbofer General Trading SA - India
- Aditya Birla Group - India
- LBH Netherlands Bv - Netherlands
- Global Green Power PLC Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Interocean Group of Companies - India
- Ceylon Electricity Board - Sri Lanka
- Maheswari Brothers Coal Limited - India
- Semirara Mining Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Electricity Generating Authority of Thailand
- Edison Trading Spa - Italy
- Neyveli Lignite Corporation Ltd, - India
- Jindal Steel & Power Ltd - India
- Jaiprakash Power Ventures ltd
- Parliament of New Zealand
- White Energy Company Limited
- Gujarat Electricity Regulatory Commission - India
- Therma Luzon, Inc, Philippines
- Mjunction Services Limited - India
- Kobexindo Tractors - Indoneisa
- India Bulls Power Limited - India
- Attock Cement Pakistan Limited
- Global Coal Blending Company Limited - Australia
- New Zealand Coal & Carbon
- PNOC Exploration Corporation - Philippines
- Eastern Coal Council - USA
- European Bulk Services B.V. - Netherlands
- Renaissance Capital - South Africa
- Bhatia International Limited - India
- Rashtriya Ispat Nigam Limited - India
- Australian Coal Association
- Timah Investasi Mineral - Indoneisa
- Meenaskhi Energy Private Limited - India
- Sindya Power Generating Company Private Ltd
- Posco Energy - South Korea
- Thiess Contractors Indonesia
- Sojitz Corporation - Japan
- Vizag Seaport Private Limited - India
- PowerSource Philippines DevCo
- Thai Mozambique Logistica
- Bangladesh Power Developement Board
- Orica Australia Pty. Ltd.
- San Jose City I Power Corp, Philippines
- Mintek Dendrill Indonesia
- Indika Energy - Indonesia
- Coalindo Energy - Indonesia
- London Commodity Brokers - England
- Indo Tambangraya Megah - Indonesia
- Tamil Nadu electricity Board
- Energy Development Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indogreen Group - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Medco Energi Mining Internasional
- Mercuria Energy - Indonesia
- Coastal Gujarat Power Limited - India
- South Luzon Thermal Energy Corporation
- Kaltim Prima Coal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- The State Trading Corporation of India Ltd
- ASAPP Information Group - India
- Wood Mackenzie - Singapore
- Ind-Barath Power Infra Limited - India
- Power Finance Corporation Ltd., India
- Bulk Trading Sa - Switzerland
- Oldendorff Carriers - Singapore
- Siam City Cement PLC, Thailand
- VISA Power Limited - India
- Ambuja Cements Ltd - India
- Ministry of Finance - Indonesia
- Larsen & Toubro Limited - India
- ICICI Bank Limited - India
- Madhucon Powers Ltd - India
- Port Waratah Coal Services - Australia
- Bharathi Cement Corporation - India
- Kideco Jaya Agung - Indonesia
- Bukit Makmur.PT - Indonesia
- Barasentosa Lestari - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Sarangani Energy Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Minerals Council of Australia
- Banpu Public Company Limited - Thailand
- Marubeni Corporation - India
- OPG Power Generation Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Aboitiz Power Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Riau Bara Harum - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Standard Chartered Bank - UAE
- Toyota Tsusho Corporation, Japan
- Indonesian Coal Mining Association
- SMC Global Power, Philippines
- Eastern Energy - Thailand
- Karaikal Port Pvt Ltd - India
- Trasteel International SA, Italy
- Directorate General of MIneral and Coal - Indonesia
- Planning Commission, India
- GMR Energy Limited - India
- Semirara Mining and Power Corporation, Philippines
- Bhushan Steel Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Heidelberg Cement - Germany
- Vedanta Resources Plc - India
- Krishnapatnam Port Company Ltd. - India
- Xindia Steels Limited - India
- Price Waterhouse Coopers - Russia
- AsiaOL BioFuels Corp., Philippines
- IHS Mccloskey Coal Group - USA
- Kartika Selabumi Mining - Indonesia
- Videocon Industries ltd - India
- IEA Clean Coal Centre - UK
- CIMB Investment Bank - Malaysia
- GVK Power & Infra Limited - India
- Sree Jayajothi Cements Limited - India
- Miang Besar Coal Terminal - Indonesia
- Coal and Oil Company - UAE
- Australian Commodity Traders Exchange
- Independent Power Producers Association of India
- Karbindo Abesyapradhi - Indoneisa
- Formosa Plastics Group - Taiwan
- Mercator Lines Limited - India
- CNBM International Corporation - China
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Transport, Egypt
- Agrawal Coal Company - India
- Bahari Cakrawala Sebuku - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Antam Resourcindo - Indonesia
- Sakthi Sugars Limited - India
- Lanco Infratech Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Manunggal Multi Energi - Indonesia
- Intertek Mineral Services - Indonesia
- Chamber of Mines of South Africa
- Georgia Ports Authority, United States
- Kapuas Tunggal Persada - Indonesia
- Merrill Lynch Commodities Europe
- Central Java Power - Indonesia
- Chettinad Cement Corporation Ltd - India
- PTC India Limited - India
- Directorate Of Revenue Intelligence - India
- Central Electricity Authority - India
- GAC Shipping (India) Pvt Ltd
- MS Steel International - UAE
- Savvy Resources Ltd - HongKong
- Cigading International Bulk Terminal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Indian Energy Exchange, India
- The University of Queensland
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- McConnell Dowell - Australia
- Dalmia Cement Bharat India
- Kepco SPC Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Global Business Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Bhoruka Overseas - Indonesia
- Anglo American - United Kingdom
- Grasim Industreis Ltd - India
- Singapore Mercantile Exchange
- Straits Asia Resources Limited - Singapore
- The Treasury - Australian Government
- Latin American Coal - Colombia
- Economic Council, Georgia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Siam City Cement - Thailand
- Alfred C Toepfer International GmbH - Germany
- Goldman Sachs - Singapore
- TeaM Sual Corporation - Philippines
- Makarim & Taira - Indonesia
- Bayan Resources Tbk. - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Star Paper Mills Limited - India
- Petron Corporation, Philippines
- Electricity Authority, New Zealand
- Tata Chemicals Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- SMG Consultants - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Iligan Light & Power Inc, Philippines
- Energy Link Ltd, New Zealand
- Borneo Indobara - Indonesia
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