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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, 11 September 21
RECORD CHINESE COAL FUTURES SIGNAL NEED TO BOOST OUTPUT - REUTERS
China’s coal prices have climbed to a record high, signaling the need for more production in the short term, even as the government tries to ...
Saturday, 11 September 21
IN 2022, EIA EXPECTS U.S. COAL PRODUCTION TO INCREASE BY 47 MMST TO 648 MMST
U.S. Coal production accordng to EIA's forecast, totals 601 million short tons (MMst) in 2021, 66 MMst more than in 2020, EIA's Short-Term ...
Wednesday, 08 September 21
FITCH RATINGS RAISES THERMAL COAL PRICE ASSUMPTIONS ON TIGHT SUPPLY
Fitch Ratings has increased all its Qinhuangdao 5,500kcal/kg price assumptions and short- and medium-term Newcastle 6,000kcal/kg price assumptions ...
Wednesday, 08 September 21
COAL IS STILL KING; INDONESIAN COAL PRICE REFERENCE ABOVE $150 FOR FIRST TIME IN HISTORY
COALspot.com: The Indonesian Coal Price Reference rose dramatically from US$ 127.05 in February 2011, to a peak of US$ 150.03 in September 2021, be ...
Wednesday, 08 September 21
MARKET INSIGHT - INTERMODAL
Last August was extremely hot in the dry bulk market with rates rising at levels that we have years to witness. The dry bulk index exceeded the 4,0 ...
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- Makarim & Taira - Indonesia
- Madhucon Powers Ltd - India
- Trasteel International SA, Italy
- Salva Resources Pvt Ltd - India
- Economic Council, Georgia
- ICICI Bank Limited - India
- The Treasury - Australian Government
- Kapuas Tunggal Persada - Indonesia
- Sindya Power Generating Company Private Ltd
- Ceylon Electricity Board - Sri Lanka
- Jaiprakash Power Ventures ltd
- Semirara Mining and Power Corporation, Philippines
- Agrawal Coal Company - India
- Mercator Lines Limited - India
- Mjunction Services Limited - India
- Samtan Co., Ltd - South Korea
- Kaltim Prima Coal - Indonesia
- GMR Energy Limited - India
- Energy Link Ltd, New Zealand
- Australian Coal Association
- Bukit Baiduri Energy - Indonesia
- Orica Australia Pty. Ltd.
- SMG Consultants - Indonesia
- Heidelberg Cement - Germany
- Rashtriya Ispat Nigam Limited - India
- VISA Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Iligan Light & Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Power Finance Corporation Ltd., India
- European Bulk Services B.V. - Netherlands
- Malabar Cements Ltd - India
- Cigading International Bulk Terminal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- TeaM Sual Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- SN Aboitiz Power Inc, Philippines
- IEA Clean Coal Centre - UK
- Price Waterhouse Coopers - Russia
- Coal and Oil Company - UAE
- Merrill Lynch Commodities Europe
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kepco SPC Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- GAC Shipping (India) Pvt Ltd
- Bangladesh Power Developement Board
- Marubeni Corporation - India
- LBH Netherlands Bv - Netherlands
- Cement Manufacturers Association - India
- Indika Energy - Indonesia
- Petron Corporation, Philippines
- Dalmia Cement Bharat India
- Africa Commodities Group - South Africa
- Alfred C Toepfer International GmbH - Germany
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Attock Cement Pakistan Limited
- Thiess Contractors Indonesia
- ASAPP Information Group - India
- Electricity Generating Authority of Thailand
- Gujarat Sidhee Cement - India
- Commonwealth Bank - Australia
- Standard Chartered Bank - UAE
- Gujarat Mineral Development Corp Ltd - India
- CIMB Investment Bank - Malaysia
- PNOC Exploration Corporation - Philippines
- Indogreen Group - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Neyveli Lignite Corporation Ltd, - India
- Mercuria Energy - Indonesia
- Singapore Mercantile Exchange
- Bhoruka Overseas - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Globalindo Alam Lestari - Indonesia
- CNBM International Corporation - China
- Aditya Birla Group - India
- Orica Mining Services - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Chamber of Mines of South Africa
- Barasentosa Lestari - Indonesia
- Parry Sugars Refinery, India
- SMC Global Power, Philippines
- Semirara Mining Corp, Philippines
- Port Waratah Coal Services - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- India Bulls Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Independent Power Producers Association of India
- Banpu Public Company Limited - Thailand
- Thai Mozambique Logistica
- Formosa Plastics Group - Taiwan
- Sarangani Energy Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Indonesian Coal Mining Association
- Kobexindo Tractors - Indoneisa
- Star Paper Mills Limited - India
- Energy Development Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Finance - Indonesia
- Ministry of Transport, Egypt
- Savvy Resources Ltd - HongKong
- Carbofer General Trading SA - India
- New Zealand Coal & Carbon
- Posco Energy - South Korea
- Essar Steel Hazira Ltd - India
- GVK Power & Infra Limited - India
- Siam City Cement - Thailand
- Antam Resourcindo - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Manunggal Multi Energi - Indonesia
- Central Electricity Authority - India
- Romanian Commodities Exchange
- San Jose City I Power Corp, Philippines
- MS Steel International - UAE
- Central Java Power - Indonesia
- Planning Commission, India
- Bulk Trading Sa - Switzerland
- Toyota Tsusho Corporation, Japan
- Xindia Steels Limited - India
- Straits Asia Resources Limited - Singapore
- Ministry of Mines - Canada
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhatia International Limited - India
- Aboitiz Power Corporation - Philippines
- Vedanta Resources Plc - India
- Vizag Seaport Private Limited - India
- Renaissance Capital - South Africa
- Global Coal Blending Company Limited - Australia
- Directorate General of MIneral and Coal - Indonesia
- PowerSource Philippines DevCo
- Interocean Group of Companies - India
- Rio Tinto Coal - Australia
- Indian Oil Corporation Limited
- PTC India Limited - India
- London Commodity Brokers - England
- Ambuja Cements Ltd - India
- Mintek Dendrill Indonesia
- Grasim Industreis Ltd - India
- Coalindo Energy - Indonesia
- Uttam Galva Steels Limited - India
- Deloitte Consulting - India
- Edison Trading Spa - Italy
- Global Green Power PLC Corporation, Philippines
- Lanco Infratech Ltd - India
- OPG Power Generation Pvt Ltd - India
- Medco Energi Mining Internasional
- Eastern Coal Council - USA
- Maharashtra Electricity Regulatory Commission - India
- Electricity Authority, New Zealand
- Bhushan Steel Limited - India
- Australian Commodity Traders Exchange
- Tata Chemicals Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Eastern Energy - Thailand
- The State Trading Corporation of India Ltd
- South Luzon Thermal Energy Corporation
- Oldendorff Carriers - Singapore
- Kumho Petrochemical, South Korea
- Sree Jayajothi Cements Limited - India
- Indian Energy Exchange, India
- Georgia Ports Authority, United States
- Borneo Indobara - Indonesia
- Anglo American - United Kingdom
- Minerals Council of Australia
- White Energy Company Limited
- Meralco Power Generation, Philippines
- International Coal Ventures Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Latin American Coal - Colombia
- Metalloyd Limited - United Kingdom
- Chettinad Cement Corporation Ltd - India
- Kartika Selabumi Mining - Indonesia
- Baramulti Group, Indonesia
- Meenaskhi Energy Private Limited - India
- McConnell Dowell - Australia
- Sakthi Sugars Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Jindal Steel & Power Ltd - India
- Larsen & Toubro Limited - India
- Bukit Makmur.PT - Indonesia
- Siam City Cement PLC, Thailand
- AsiaOL BioFuels Corp., Philippines
- Tamil Nadu electricity Board
- Bharathi Cement Corporation - India
- Parliament of New Zealand
- Ind-Barath Power Infra Limited - India
- Sinarmas Energy and Mining - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Riau Bara Harum - Indonesia
- Sojitz Corporation - Japan
- Wood Mackenzie - Singapore
- Coastal Gujarat Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Karaikal Port Pvt Ltd - India
- Wilmar Investment Holdings
- Sical Logistics Limited - India
- Global Business Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Pendopo Energi Batubara - Indonesia
- Intertek Mineral Services - Indonesia
- Altura Mining Limited, Indonesia
- Therma Luzon, Inc, Philippines
- Videocon Industries ltd - India
- The University of Queensland
- IHS Mccloskey Coal Group - USA
- Goldman Sachs - Singapore
- Gujarat Electricity Regulatory Commission - India
- Miang Besar Coal Terminal - Indonesia
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