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Wednesday, 09 August 23
COAL TRADE TO RETURN TO 2019 LEVELS - BALTIC EXCHANGE
The International Energy Agency’s mid-year Coal Market Update for 2023 brings both positive and concerning news for the global coal industry. After a tumultuous few years marked by the Covid-19 shock in 2020 and the turmoil caused by Russia’s invasion of Ukraine in 2022, the coal markets have returned to more predictable and stable patterns in 2023. Notably, coal trade is heading back to 2019 volumes, with Chinese imports leading the charge.
One significant factor contributing to the surge in coal imports is the decline in coal prices. Cheaper coal has made imports more attractive, especially for price-sensitive buyers. China, the world’s largest coal consumer and producer, has almost doubled its imports in the first half of 2023. As a result, global coal trade is projected to grow by more than 7%, outpacing overall demand growth and approaching record levels seen in 2019. Seaborne coal trade may even surpass the 2019 record of 1.3 billion tonnes.
Another reason for the upward trajectory in coal supply is the stronger financial position of coal mining companies. Despite no new large-scale projects coming online, the high prices in 2022 have left these companies with more robust balance sheets, allowing them to invest in sustaining and even expanding capital expenditures. Additionally, the end of La Niña, which hampered coal production in Australia, has bolstered the coal supply outlook for 2023, despite the retreat of coal prices from their peak.
Renewed demand
The demand side of the equation is also playing a vital role in the resurgence of coal trade.
Even the European Union, traditionally a coal importer, temporarily turned into an exporter of thermal coal due to ample inventories accumulated during the previous year and reduced coal-fired power generation.
Global coal consumption reached an all-time high in 2022 and is expected to remain near that record level in 2023. Asia, led by China, India, and Southeast Asian countries, is expected to account for a significant portion of coal consumption. China and India together are projected to use almost 75% of the world’s coal in 2023, further solidifying their dominance in the market.
Despite the positive developments in the coal industry, concerns remain regarding the environmental impact of coal usage. Coal remains the largest single source of carbon emissions from the energy sector, and while clean energy has put coal use into structural decline in Europe and the United States, demand remains stubbornly high in Asia.
To address this, the IEA emphasises the need for greater policy efforts, investments, and stronger international cooperation to drive a massive surge in clean energy and energy efficiency to reduce coal demand in rapidly growing economies.
“But demand remains stubbornly high in Asia, even as many of those economies have significantly ramped up renewable energy sources. We need greater policy efforts and investments – backed by stronger international cooperation – to drive a massive surge in clean energy and energy efficiency to reduce coal demand in economies where energy needs are growing fast.”
Forward look
The mid-year Coal Market Update also provides insights into the future of the coal industry. Global coal demand is projected to remain flat in 2024, with declines in the electricity sector offset by small increases in the industrial sector as economic conditions improve. Asia, particularly India and Southeast Asia, is expected to experience growth in coal demand, while the United States and the European Union will see further declines. China and India are set to continue dominating the global coal consumption landscape, accounting for more than half of the world’s coal use.
Source: Baltic Exchange
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Friday, 01 December 23
COAL MINERS GROUP EXPECTS INDONESIA’S 2023 COAL OUTPUT TO SURPASS TARGET - REUTERS
The Indonesian Coal Mining Association (ICMA) expects the country’s 2023 coal output to surpass the official target of 695 million metric ton ...
Friday, 24 November 23
COAL IMPORTS TO INDIA IN OCTOBER 2023 REACHED HIGHEST LEVELS IN NEARLY A YEAR AND A HALF - VESSELSVALUE, VESON NAUTICAL
In October, coal imports to India reached 13.8 mt in October 2023, according to Oceanbolt, a Veson Nautical solution, the highest level since May 2 ...
Friday, 24 November 23
COAL SHIPMENTS TO ADVANCED ECONOMIES DOWN 17% SO FAR IN 2023 - BIMCO
In the first ten months of 2023, coal shipments to advanced economies fell by 17% y/y, as demand for electricity declined and the share of electric ...
Friday, 24 November 23
INTELLIGENT COAL MINES CONTRIBUTE TO IMPROVING SAFETY STANDARDS - CHINA DAILY
Mechanization, automation and intelligent upgrades have contributed to improved safety in coal mines, though the level of development of intelligen ...
Friday, 24 November 23
WHY AUSTRALIA'S COAL MINES ARE GETTING BIGGER - IEEFA
Australia’s largest coal mines are getting larger. Mines in New South Wales (NSW) are ramping up production following the state’s recov ...
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- Siam City Cement - Thailand
- Merrill Lynch Commodities Europe
- Australian Coal Association
- Ind-Barath Power Infra Limited - India
- Jaiprakash Power Ventures ltd
- Asmin Koalindo Tuhup - Indonesia
- Sarangani Energy Corporation, Philippines
- Malabar Cements Ltd - India
- Semirara Mining Corp, Philippines
- Baramulti Group, Indonesia
- Makarim & Taira - Indonesia
- Jindal Steel & Power Ltd - India
- Bukit Baiduri Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Global Coal Blending Company Limited - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- ICICI Bank Limited - India
- Agrawal Coal Company - India
- Ministry of Transport, Egypt
- Riau Bara Harum - Indonesia
- GVK Power & Infra Limited - India
- Miang Besar Coal Terminal - Indonesia
- Salva Resources Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- The State Trading Corporation of India Ltd
- Barasentosa Lestari - Indonesia
- Directorate Of Revenue Intelligence - India
- Standard Chartered Bank - UAE
- Manunggal Multi Energi - Indonesia
- Orica Mining Services - Indonesia
- The University of Queensland
- Banpu Public Company Limited - Thailand
- Siam City Cement PLC, Thailand
- Kalimantan Lumbung Energi - Indonesia
- Bayan Resources Tbk. - Indonesia
- Africa Commodities Group - South Africa
- Krishnapatnam Port Company Ltd. - India
- Videocon Industries ltd - India
- South Luzon Thermal Energy Corporation
- Economic Council, Georgia
- Mercator Lines Limited - India
- White Energy Company Limited
- Commonwealth Bank - Australia
- ASAPP Information Group - India
- Parry Sugars Refinery, India
- Georgia Ports Authority, United States
- Vedanta Resources Plc - India
- CNBM International Corporation - China
- Petrochimia International Co. Ltd.- Taiwan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kumho Petrochemical, South Korea
- Parliament of New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Dalmia Cement Bharat India
- Mintek Dendrill Indonesia
- Sree Jayajothi Cements Limited - India
- Indika Energy - Indonesia
- Bhushan Steel Limited - India
- Central Electricity Authority - India
- IHS Mccloskey Coal Group - USA
- Bharathi Cement Corporation - India
- AsiaOL BioFuels Corp., Philippines
- Globalindo Alam Lestari - Indonesia
- VISA Power Limited - India
- Sindya Power Generating Company Private Ltd
- Coal and Oil Company - UAE
- LBH Netherlands Bv - Netherlands
- Planning Commission, India
- GMR Energy Limited - India
- India Bulls Power Limited - India
- Mercuria Energy - Indonesia
- Bulk Trading Sa - Switzerland
- MS Steel International - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Kideco Jaya Agung - Indonesia
- Larsen & Toubro Limited - India
- Star Paper Mills Limited - India
- London Commodity Brokers - England
- Interocean Group of Companies - India
- International Coal Ventures Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Straits Asia Resources Limited - Singapore
- Aboitiz Power Corporation - Philippines
- Global Business Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Latin American Coal - Colombia
- Thai Mozambique Logistica
- McConnell Dowell - Australia
- Coalindo Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Port Waratah Coal Services - Australia
- PetroVietnam Power Coal Import and Supply Company
- The Treasury - Australian Government
- Carbofer General Trading SA - India
- Bangladesh Power Developement Board
- Leighton Contractors Pty Ltd - Australia
- Energy Link Ltd, New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Posco Energy - South Korea
- Sical Logistics Limited - India
- Kobexindo Tractors - Indoneisa
- Therma Luzon, Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Altura Mining Limited, Indonesia
- Bukit Makmur.PT - Indonesia
- PNOC Exploration Corporation - Philippines
- PTC India Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Romanian Commodities Exchange
- Edison Trading Spa - Italy
- Madhucon Powers Ltd - India
- Heidelberg Cement - Germany
- Kartika Selabumi Mining - Indonesia
- Renaissance Capital - South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Tamil Nadu electricity Board
- Kapuas Tunggal Persada - Indonesia
- Oldendorff Carriers - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indian Oil Corporation Limited
- Semirara Mining and Power Corporation, Philippines
- Indogreen Group - Indonesia
- Anglo American - United Kingdom
- Attock Cement Pakistan Limited
- Power Finance Corporation Ltd., India
- Alfred C Toepfer International GmbH - Germany
- SMG Consultants - Indonesia
- Kaltim Prima Coal - Indonesia
- Thiess Contractors Indonesia
- Electricity Authority, New Zealand
- Ceylon Electricity Board - Sri Lanka
- Indonesian Coal Mining Association
- Chettinad Cement Corporation Ltd - India
- Coastal Gujarat Power Limited - India
- Energy Development Corp, Philippines
- Electricity Generating Authority of Thailand
- Grasim Industreis Ltd - India
- Intertek Mineral Services - Indonesia
- Minerals Council of Australia
- Wood Mackenzie - Singapore
- Holcim Trading Pte Ltd - Singapore
- Gujarat Electricity Regulatory Commission - India
- TeaM Sual Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Gujarat Sidhee Cement - India
- Ministry of Mines - Canada
- Bukit Asam (Persero) Tbk - Indonesia
- Eastern Coal Council - USA
- Central Java Power - Indonesia
- Bhatia International Limited - India
- Orica Australia Pty. Ltd.
- Singapore Mercantile Exchange
- Eastern Energy - Thailand
- Cement Manufacturers Association - India
- Indian Energy Exchange, India
- Global Green Power PLC Corporation, Philippines
- Borneo Indobara - Indonesia
- Timah Investasi Mineral - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Trasteel International SA, Italy
- Jorong Barutama Greston.PT - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Essar Steel Hazira Ltd - India
- Maheswari Brothers Coal Limited - India
- Chamber of Mines of South Africa
- Price Waterhouse Coopers - Russia
- Metalloyd Limited - United Kingdom
- Goldman Sachs - Singapore
- GAC Shipping (India) Pvt Ltd
- Billiton Holdings Pty Ltd - Australia
- Sojitz Corporation - Japan
- Marubeni Corporation - India
- PowerSource Philippines DevCo
- Binh Thuan Hamico - Vietnam
- Wilmar Investment Holdings
- SN Aboitiz Power Inc, Philippines
- Antam Resourcindo - Indonesia
- Meralco Power Generation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Meenaskhi Energy Private Limited - India
- Savvy Resources Ltd - HongKong
- San Jose City I Power Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- CIMB Investment Bank - Malaysia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- IEA Clean Coal Centre - UK
- Lanco Infratech Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Petron Corporation, Philippines
- Xindia Steels Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Samtan Co., Ltd - South Korea
- Sakthi Sugars Limited - India
- Australian Commodity Traders Exchange
- Toyota Tsusho Corporation, Japan
- OPG Power Generation Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Independent Power Producers Association of India
- Ambuja Cements Ltd - India
- Rio Tinto Coal - Australia
- Medco Energi Mining Internasional
- Mjunction Services Limited - India
- Rashtriya Ispat Nigam Limited - India
- Formosa Plastics Group - Taiwan
- Gujarat Mineral Development Corp Ltd - India
- SMC Global Power, Philippines
- Ministry of Finance - Indonesia
- Deloitte Consulting - India
- Karaikal Port Pvt Ltd - India
- Aditya Birla Group - India
- New Zealand Coal & Carbon
- Tata Chemicals Ltd - India
- Uttam Galva Steels Limited - India
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