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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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Wednesday, 22 September 21
MARKET INSIGHT - INTERMODAL
The unfolding last week of a trilateral defence pact between the United States, Australia, the United Kingdom (AUKUS) envisages a wide range of col ...
Tuesday, 21 September 21
CHINESE COAL IMPORTS FROM AUSTRALIA DROP 98.6% AS RESTRICTIONS BITE - BIMCO
In the first seven months of the year Chinese coal imports from Australia have totalled just 780,000 tonnes as Chinese restrictions on Australian c ...
Tuesday, 21 September 21
CHINA'S COAL OUTPUT RESUMES GROWTH IN AUGUST - XINHUA
China’s raw coal output rose 0.8 percent year on year to 340 million tonnes last month, official data showed.
The growth rate ...
Wednesday, 15 September 21
MARKET INSIGHT - INTERMODAL
Following the oil price sell off during most of August, partly triggered by oil demand fears amid the delta COVID variant, oil prices have resumed ...
Saturday, 11 September 21
CIL STEPS UP SUPPLY COAL TO POWER SECTOR; PER-DAY AVERAGE 20 PC HIGHER THAN LAST YEAR - PTI
State-owned CIL on Friday said it has stepped up the supply of coal to the power sector in the first eight days of the current month, with an avera ...
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- Pendopo Energi Batubara - Indonesia
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- Posco Energy - South Korea
- Interocean Group of Companies - India
- Agrawal Coal Company - India
- IEA Clean Coal Centre - UK
- Port Waratah Coal Services - Australia
- Independent Power Producers Association of India
- Riau Bara Harum - Indonesia
- Rio Tinto Coal - Australia
- Merrill Lynch Commodities Europe
- London Commodity Brokers - England
- Alfred C Toepfer International GmbH - Germany
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- Minerals Council of Australia
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- Economic Council, Georgia
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- Africa Commodities Group - South Africa
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- Directorate General of MIneral and Coal - Indonesia
- Xindia Steels Limited - India
- Planning Commission, India
- Antam Resourcindo - Indonesia
- Bayan Resources Tbk. - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Madhucon Powers Ltd - India
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- GMR Energy Limited - India
- Sarangani Energy Corporation, Philippines
- Chamber of Mines of South Africa
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- Australian Coal Association
- Straits Asia Resources Limited - Singapore
- Salva Resources Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- The State Trading Corporation of India Ltd
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- The University of Queensland
- Coal and Oil Company - UAE
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- Indo Tambangraya Megah - Indonesia
- OPG Power Generation Pvt Ltd - India
- SMC Global Power, Philippines
- Goldman Sachs - Singapore
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- Kumho Petrochemical, South Korea
- PetroVietnam Power Coal Import and Supply Company
- Heidelberg Cement - Germany
- Renaissance Capital - South Africa
- Edison Trading Spa - Italy
- Romanian Commodities Exchange
- Jaiprakash Power Ventures ltd
- Bukit Baiduri Energy - Indonesia
- Power Finance Corporation Ltd., India
- The Treasury - Australian Government
- Maheswari Brothers Coal Limited - India
- TeaM Sual Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Commonwealth Bank - Australia
- International Coal Ventures Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
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- Maharashtra Electricity Regulatory Commission - India
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- Iligan Light & Power Inc, Philippines
- Mintek Dendrill Indonesia
- Indian Oil Corporation Limited
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- Banpu Public Company Limited - Thailand
- SMG Consultants - Indonesia
- Bukit Makmur.PT - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Anglo American - United Kingdom
- Indika Energy - Indonesia
- Mjunction Services Limited - India
- Barasentosa Lestari - Indonesia
- Malabar Cements Ltd - India
- Bharathi Cement Corporation - India
- ASAPP Information Group - India
- Parry Sugars Refinery, India
- Kobexindo Tractors - Indoneisa
- Indian Energy Exchange, India
- Baramulti Group, Indonesia
- IHS Mccloskey Coal Group - USA
- Cigading International Bulk Terminal - Indonesia
- Australian Commodity Traders Exchange
- Simpson Spence & Young - Indonesia
- Bulk Trading Sa - Switzerland
- LBH Netherlands Bv - Netherlands
- Global Coal Blending Company Limited - Australia
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- Larsen & Toubro Limited - India
- SN Aboitiz Power Inc, Philippines
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- Ministry of Transport, Egypt
- Trasteel International SA, Italy
- Jorong Barutama Greston.PT - Indonesia
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- AsiaOL BioFuels Corp., Philippines
- Siam City Cement PLC, Thailand
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- GN Power Mariveles Coal Plant, Philippines
- Billiton Holdings Pty Ltd - Australia
- Electricity Generating Authority of Thailand
- Cement Manufacturers Association - India
- White Energy Company Limited
- New Zealand Coal & Carbon
- Sojitz Corporation - Japan
- Jindal Steel & Power Ltd - India
- Tamil Nadu electricity Board
- Eastern Coal Council - USA
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- Timah Investasi Mineral - Indoneisa
- ICICI Bank Limited - India
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- Orica Australia Pty. Ltd.
- Dalmia Cement Bharat India
- Georgia Ports Authority, United States
- San Jose City I Power Corp, Philippines
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- Carbofer General Trading SA - India
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- Sical Logistics Limited - India
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- Vedanta Resources Plc - India
- Karbindo Abesyapradhi - Indoneisa
- Siam City Cement - Thailand
- Deloitte Consulting - India
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- Indonesian Coal Mining Association
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- Coalindo Energy - Indonesia
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- Wilmar Investment Holdings
- Electricity Authority, New Zealand
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- Energy Link Ltd, New Zealand
- Thiess Contractors Indonesia
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- Global Business Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Mercuria Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Eastern Energy - Thailand
- Aboitiz Power Corporation - Philippines
- India Bulls Power Limited - India
- CIMB Investment Bank - Malaysia
- Kideco Jaya Agung - Indonesia
- Neyveli Lignite Corporation Ltd, - India
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- Parliament of New Zealand
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