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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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Saturday, 30 October 21
CHINA'S COAL PRICES SEE BIGGEST WEEKLY FALL IN MORE THAN 5 YEARS - REUTERS
China’s coal futures prices saw their biggest fall in more than five years after the powerful state planner said there is still room to adjus ...
Saturday, 30 October 21
G-20 LEADERS PREPARE STATEMENT TO STOP FUNDING FOREIGN COAL PLANTS - BLOOMBERG
Leaders of the Group of 20 wealthy economies are preparing to pledge to stop funding foreign coal-fired plants, but are still wrangling over climat ...
Friday, 29 October 21
APAC THERMAL COAL SUPPLY TO REMAIN TIGHT AS WINTER LOOMS - FITCH RATINGS
APAC thermal coal prices have surged, hitting historically high levels. The benchmark Newcastle 6,000kcal/kg grade coal reached USD228/tonne in mid ...
Thursday, 28 October 21
CANADA BAN ON SHIPPING COAL WOULD EQUAL SCRAPPING AS MANY AS 3 MILLION CARS - IEEFA
Canada ban on shipping coal would equal scrapping as many as 3 million cars
Change in Canadian policy could have major implications ...
Tuesday, 26 October 21
CHINA'S COAL-RICH SHANXI BEEFS UP COAL PRODUCTION - XINHUA
Major coal producers in north China’s Shanxi Province, a leading coal-producing region of the country, have beefed up production to ensure en ...
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- Orica Australia Pty. Ltd.
- GVK Power & Infra Limited - India
- Independent Power Producers Association of India
- Renaissance Capital - South Africa
- Mercator Lines Limited - India
- Marubeni Corporation - India
- Trasteel International SA, Italy
- Wood Mackenzie - Singapore
- Ministry of Mines - Canada
- Intertek Mineral Services - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Attock Cement Pakistan Limited
- Dalmia Cement Bharat India
- Coal and Oil Company - UAE
- Australian Coal Association
- Videocon Industries ltd - India
- Banpu Public Company Limited - Thailand
- Petron Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Siam City Cement PLC, Thailand
- Vedanta Resources Plc - India
- Port Waratah Coal Services - Australia
- Latin American Coal - Colombia
- GMR Energy Limited - India
- Planning Commission, India
- Jindal Steel & Power Ltd - India
- Energy Development Corp, Philippines
- Cement Manufacturers Association - India
- Borneo Indobara - Indonesia
- Electricity Authority, New Zealand
- Bukit Makmur.PT - Indonesia
- Indian Oil Corporation Limited
- VISA Power Limited - India
- New Zealand Coal & Carbon
- Salva Resources Pvt Ltd - India
- Meralco Power Generation, Philippines
- Siam City Cement - Thailand
- Tata Chemicals Ltd - India
- Wilmar Investment Holdings
- OPG Power Generation Pvt Ltd - India
- Interocean Group of Companies - India
- CNBM International Corporation - China
- Global Business Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- PTC India Limited - India
- Parry Sugars Refinery, India
- Sindya Power Generating Company Private Ltd
- Energy Link Ltd, New Zealand
- Kepco SPC Power Corporation, Philippines
- Indonesian Coal Mining Association
- The State Trading Corporation of India Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- SMG Consultants - Indonesia
- Aboitiz Power Corporation - Philippines
- Mintek Dendrill Indonesia
- Sical Logistics Limited - India
- San Jose City I Power Corp, Philippines
- Central Electricity Authority - India
- LBH Netherlands Bv - Netherlands
- Indika Energy - Indonesia
- Electricity Generating Authority of Thailand
- The Treasury - Australian Government
- Manunggal Multi Energi - Indonesia
- Samtan Co., Ltd - South Korea
- AsiaOL BioFuels Corp., Philippines
- Iligan Light & Power Inc, Philippines
- MS Steel International - UAE
- PNOC Exploration Corporation - Philippines
- McConnell Dowell - Australia
- Bhatia International Limited - India
- IEA Clean Coal Centre - UK
- Miang Besar Coal Terminal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Tamil Nadu electricity Board
- Kartika Selabumi Mining - Indonesia
- Agrawal Coal Company - India
- Orica Mining Services - Indonesia
- Vizag Seaport Private Limited - India
- Lanco Infratech Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Commonwealth Bank - Australia
- Bharathi Cement Corporation - India
- Therma Luzon, Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Kaltim Prima Coal - Indonesia
- Barasentosa Lestari - Indonesia
- SMC Global Power, Philippines
- Indo Tambangraya Megah - Indonesia
- Merrill Lynch Commodities Europe
- Krishnapatnam Port Company Ltd. - India
- Bukit Baiduri Energy - Indonesia
- Medco Energi Mining Internasional
- Xindia Steels Limited - India
- Standard Chartered Bank - UAE
- Georgia Ports Authority, United States
- TeaM Sual Corporation - Philippines
- Eastern Energy - Thailand
- Eastern Coal Council - USA
- International Coal Ventures Pvt Ltd - India
- Romanian Commodities Exchange
- Holcim Trading Pte Ltd - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Uttam Galva Steels Limited - India
- Baramulti Group, Indonesia
- Billiton Holdings Pty Ltd - Australia
- Meenaskhi Energy Private Limited - India
- Sree Jayajothi Cements Limited - India
- Malabar Cements Ltd - India
- Carbofer General Trading SA - India
- Vijayanagar Sugar Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Globalindo Alam Lestari - Indonesia
- Bhoruka Overseas - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Transport, Egypt
- Riau Bara Harum - Indonesia
- Rio Tinto Coal - Australia
- Bangladesh Power Developement Board
- Maharashtra Electricity Regulatory Commission - India
- Bhushan Steel Limited - India
- Cigading International Bulk Terminal - Indonesia
- IHS Mccloskey Coal Group - USA
- Sarangani Energy Corporation, Philippines
- Power Finance Corporation Ltd., India
- White Energy Company Limited
- Goldman Sachs - Singapore
- Coastal Gujarat Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- SN Aboitiz Power Inc, Philippines
- Indian Energy Exchange, India
- Karaikal Port Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Pipit Mutiara Jaya. PT, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Anglo American - United Kingdom
- Indogreen Group - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- PowerSource Philippines DevCo
- Star Paper Mills Limited - India
- Rashtriya Ispat Nigam Limited - India
- Central Java Power - Indonesia
- Aditya Birla Group - India
- Parliament of New Zealand
- Australian Commodity Traders Exchange
- CIMB Investment Bank - Malaysia
- Africa Commodities Group - South Africa
- Ceylon Electricity Board - Sri Lanka
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Minerals Council of Australia
- South Luzon Thermal Energy Corporation
- Ministry of Finance - Indonesia
- Sakthi Sugars Limited - India
- Heidelberg Cement - Germany
- GAC Shipping (India) Pvt Ltd
- Altura Mining Limited, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Kapuas Tunggal Persada - Indonesia
- The University of Queensland
- Binh Thuan Hamico - Vietnam
- Pendopo Energi Batubara - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Gujarat Sidhee Cement - India
- Madhucon Powers Ltd - India
- Kideco Jaya Agung - Indonesia
- India Bulls Power Limited - India
- Coalindo Energy - Indonesia
- Simpson Spence & Young - Indonesia
- London Commodity Brokers - England
- Mjunction Services Limited - India
- Makarim & Taira - Indonesia
- Antam Resourcindo - Indonesia
- Thai Mozambique Logistica
- Jaiprakash Power Ventures ltd
- Ambuja Cements Ltd - India
- Sojitz Corporation - Japan
- Essar Steel Hazira Ltd - India
- Straits Asia Resources Limited - Singapore
- Timah Investasi Mineral - Indoneisa
- Savvy Resources Ltd - HongKong
- Grasim Industreis Ltd - India
- Larsen & Toubro Limited - India
- Formosa Plastics Group - Taiwan
- Maheswari Brothers Coal Limited - India
- European Bulk Services B.V. - Netherlands
- Edison Trading Spa - Italy
- Toyota Tsusho Corporation, Japan
- Mercuria Energy - Indonesia
- Chamber of Mines of South Africa
- ASAPP Information Group - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Alfred C Toepfer International GmbH - Germany
- Thiess Contractors Indonesia
- Economic Council, Georgia
- Posco Energy - South Korea
- Singapore Mercantile Exchange
- ICICI Bank Limited - India
- Kobexindo Tractors - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bulk Trading Sa - Switzerland
- Metalloyd Limited - United Kingdom
- Neyveli Lignite Corporation Ltd, - India
- Deloitte Consulting - India
- Oldendorff Carriers - Singapore
- Kumho Petrochemical, South Korea
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Bahari Cakrawala Sebuku - Indonesia
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