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Tuesday, 27 September 22
14% INCREASE IN EUROPEAN COAL DEMAND TO BE SHORT-TERM TREND - WOOD MACKENZIE
 European seaborne thermal coal demand is projected to increase 14% or 12 million metric tonnes (Mt) this year to 98 Mt as it grapples with the current energy crisis. But this will be a short-lived bump and provide no significant opportunities to expand existing coal infrastructure, as global demand will continue to trend downward, say analysts at Wood Mackenzie, a Verisk business (Nasdaq: VRSK).
Adam Woods, Senior Research Analyst with Wood Mackenzie said: “With many European nations increasing thermal coal use, an additional nine gigawatts (GW) of coal-fired capacity has been made available to meet energy demands and make up for the decline in Russian energy imports. Coal prices are surging, but they are still more affordable than record-high gas prices. While this scenario has made for a slight resurgence, we believe that this will be a relatively short-term event and we do not see companies making major investments to increase infrastructure or long-term production.”
Wood Mackenzie estimates that of the additional 9 GW of coal capacity being made available, only 4.4 GW is in the market, while the rest will be used as an emergency backup in case of an electricity shortage – despite coal-fired power being more economic than natural gas.
The Queensland hard coking coal benchmark remains unnaturally lower than the Newcastle thermal coal price, spurring questions about metallurgical coal crossing over to the thermal market and providing an even cheaper alternative.
“Despite being classified as a coal and being cheaper than thermal coal at this moment, in general, most metallurgical coals do not make great fuels for power plants. Their coal qualities can be a hindrance, and at worst a detriment, to power plant operational efficiency. In our opinion, there will be no wholesale swaps between the two coal types. Though, subject to spot cargo availability, there will be limited options for certain metallurgical coals to crossover to the European import thermal coal market,” said Anthony Knutson, Principal Analyst, Coal.
Long-term, global thermal coal demand will continue to recede. Conversely, this recent bump in coal may speed up the change to renewables in Europe, as this current crisis has highlighted the need for energy security and independence.
Said Woods, “We expect higher European coal-fired generation to last until the middle of this decade. However, imported higher-quality coal generation will still be phased out completely by the end of the decade, although lower-quality domestic lignite generation could extend much further. The higher energy price outlook and supply security concerns make renewables more attractive. We think we will see an additional 35 GW of solar and 15 GW of wind by 2030 in Europe, driven by policy changes such as Germany’s doubling of its 2030 solar target to 205 GW from 100 GW.”
Source: Wood Mackenzie
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Friday, 04 November 22
CHINA EXPANDS COAL TERM CONTRACTS TO ALL MINES TO STABILIZE MARKET - REUTERS
China has expanded long-term thermal coal supply contracts for 2023 to all coal mines and asked power utilities to source more of their demand thro ...
Thursday, 03 November 22
HANDYSIZE VALUES MOVING UP IN OCTOBER, WHILE LNG VALUES SKYROCKET - VESSELSVALUE
Handysize values have increased this month across most ages, following a period of decline. Values for generic 10 year old Handysizes have moved up ...
Thursday, 03 November 22
EUROPEAN GAS SUPPLY SURPLUS, NOVEMBER HBA DOWN TO US$ 308.2 PER TON - ESDM
European gas supply conditions have a major influence in determining fluctuations in the Reference Coal Price (HBA). The November 2022 HBA recorded ...
Wednesday, 02 November 22
MARKET INSIGHT - INTERMODAL
Only five weeks before western sanctions’ full effect, uncertainty over energy has markets and governments on the edge. What was initially th ...
Tuesday, 01 November 22
CHINA COAL TRADE DISRUPTED BY COVID OUTBREAKS AS WINTER LOOMS - REUTERS
China’s strict COVID-19 policy is constraining coal supplies and pushing up prices, industry officials and traders say, just weeks before the ...
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- Leighton Contractors Pty Ltd - Australia
- Carbofer General Trading SA - India
- Renaissance Capital - South Africa
- CNBM International Corporation - China
- Port Waratah Coal Services - Australia
- Semirara Mining Corp, Philippines
- Barasentosa Lestari - Indonesia
- Formosa Plastics Group - Taiwan
- Jindal Steel & Power Ltd - India
- Merrill Lynch Commodities Europe
- Jaiprakash Power Ventures ltd
- PNOC Exploration Corporation - Philippines
- Ministry of Transport, Egypt
- Ambuja Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- New Zealand Coal & Carbon
- ASAPP Information Group - India
- PowerSource Philippines DevCo
- Goldman Sachs - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- PetroVietnam Power Coal Import and Supply Company
- Energy Development Corp, Philippines
- Bhushan Steel Limited - India
- Heidelberg Cement - Germany
- VISA Power Limited - India
- Meralco Power Generation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Indian Energy Exchange, India
- Mercuria Energy - Indonesia
- Coalindo Energy - Indonesia
- The State Trading Corporation of India Ltd
- Karaikal Port Pvt Ltd - India
- Sakthi Sugars Limited - India
- Kobexindo Tractors - Indoneisa
- Vedanta Resources Plc - India
- Indonesian Coal Mining Association
- Asmin Koalindo Tuhup - Indonesia
- Indogreen Group - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Orica Mining Services - Indonesia
- Energy Link Ltd, New Zealand
- Petron Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Mjunction Services Limited - India
- Grasim Industreis Ltd - India
- OPG Power Generation Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- The Treasury - Australian Government
- Edison Trading Spa - Italy
- Pendopo Energi Batubara - Indonesia
- GVK Power & Infra Limited - India
- Altura Mining Limited, Indonesia
- Ind-Barath Power Infra Limited - India
- Bulk Trading Sa - Switzerland
- Marubeni Corporation - India
- Chettinad Cement Corporation Ltd - India
- Central Electricity Authority - India
- Coastal Gujarat Power Limited - India
- Tamil Nadu electricity Board
- Cigading International Bulk Terminal - Indonesia
- Georgia Ports Authority, United States
- Mintek Dendrill Indonesia
- Eastern Energy - Thailand
- Kideco Jaya Agung - Indonesia
- Iligan Light & Power Inc, Philippines
- Posco Energy - South Korea
- Kumho Petrochemical, South Korea
- Economic Council, Georgia
- Ministry of Mines - Canada
- Anglo American - United Kingdom
- Directorate Of Revenue Intelligence - India
- Timah Investasi Mineral - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Parliament of New Zealand
- Kartika Selabumi Mining - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Sojitz Corporation - Japan
- Ceylon Electricity Board - Sri Lanka
- Meenaskhi Energy Private Limited - India
- Sical Logistics Limited - India
- London Commodity Brokers - England
- Aditya Birla Group - India
- Latin American Coal - Colombia
- Straits Asia Resources Limited - Singapore
- Star Paper Mills Limited - India
- Cement Manufacturers Association - India
- Attock Cement Pakistan Limited
- Toyota Tsusho Corporation, Japan
- Larsen & Toubro Limited - India
- Oldendorff Carriers - Singapore
- Power Finance Corporation Ltd., India
- Bukit Baiduri Energy - Indonesia
- Electricity Authority, New Zealand
- Siam City Cement PLC, Thailand
- Planning Commission, India
- Parry Sugars Refinery, India
- McConnell Dowell - Australia
- Australian Coal Association
- Kaltim Prima Coal - Indonesia
- Salva Resources Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- GAC Shipping (India) Pvt Ltd
- Therma Luzon, Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Agrawal Coal Company - India
- Baramulti Group, Indonesia
- Billiton Holdings Pty Ltd - Australia
- IHS Mccloskey Coal Group - USA
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Africa Commodities Group - South Africa
- Interocean Group of Companies - India
- Medco Energi Mining Internasional
- Metalloyd Limited - United Kingdom
- Thiess Contractors Indonesia
- Tata Chemicals Ltd - India
- Mercator Lines Limited - India
- Commonwealth Bank - Australia
- Karbindo Abesyapradhi - Indoneisa
- Central Java Power - Indonesia
- Global Green Power PLC Corporation, Philippines
- Bharathi Cement Corporation - India
- Bukit Makmur.PT - Indonesia
- Bangladesh Power Developement Board
- Petrochimia International Co. Ltd.- Taiwan
- Minerals Council of Australia
- Thai Mozambique Logistica
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Generating Authority of Thailand
- ICICI Bank Limited - India
- PTC India Limited - India
- Singapore Mercantile Exchange
- Australian Commodity Traders Exchange
- SMG Consultants - Indonesia
- Binh Thuan Hamico - Vietnam
- Aboitiz Power Corporation - Philippines
- Siam City Cement - Thailand
- Madhucon Powers Ltd - India
- CIMB Investment Bank - Malaysia
- Vijayanagar Sugar Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Indian Oil Corporation Limited
- Gujarat Electricity Regulatory Commission - India
- Indika Energy - Indonesia
- Trasteel International SA, Italy
- Kohat Cement Company Ltd. - Pakistan
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Sidhee Cement - India
- Independent Power Producers Association of India
- Bank of Tokyo Mitsubishi UFJ Ltd
- IEA Clean Coal Centre - UK
- Ministry of Finance - Indonesia
- South Luzon Thermal Energy Corporation
- TeaM Sual Corporation - Philippines
- Romanian Commodities Exchange
- Kapuas Tunggal Persada - Indonesia
- Global Business Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Holcim Trading Pte Ltd - Singapore
- MS Steel International - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SMC Global Power, Philippines
- Maheswari Brothers Coal Limited - India
- Wilmar Investment Holdings
- International Coal Ventures Pvt Ltd - India
- India Bulls Power Limited - India
- Bhoruka Overseas - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Miang Besar Coal Terminal - Indonesia
- Malabar Cements Ltd - India
- Wood Mackenzie - Singapore
- Banpu Public Company Limited - Thailand
- Sarangani Energy Corporation, Philippines
- Eastern Coal Council - USA
- Lanco Infratech Ltd - India
- San Jose City I Power Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Makarim & Taira - Indonesia
- The University of Queensland
- Vizag Seaport Private Limited - India
- Bayan Resources Tbk. - Indonesia
- Coal and Oil Company - UAE
- Antam Resourcindo - Indonesia
- Orica Australia Pty. Ltd.
- Intertek Mineral Services - Indonesia
- Chamber of Mines of South Africa
- Globalindo Alam Lestari - Indonesia
- AsiaOL BioFuels Corp., Philippines
- White Energy Company Limited
- Manunggal Multi Energi - Indonesia
- LBH Netherlands Bv - Netherlands
- Savvy Resources Ltd - HongKong
- Riau Bara Harum - Indonesia
- Borneo Indobara - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- SN Aboitiz Power Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bhatia International Limited - India
- European Bulk Services B.V. - Netherlands
- Standard Chartered Bank - UAE
- Videocon Industries ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Price Waterhouse Coopers - Russia
- Bahari Cakrawala Sebuku - Indonesia
- Dalmia Cement Bharat India
- Xindia Steels Limited - India
- Simpson Spence & Young - Indonesia
- Deloitte Consulting - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Uttam Galva Steels Limited - India
- Global Coal Blending Company Limited - Australia
- Samtan Co., Ltd - South Korea
- Essar Steel Hazira Ltd - India
- GMR Energy Limited - India
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