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Wednesday, 18 December 19
AVERAGE PRICES OF COAL IN 2018 WERE MORE THAN 60% HIGHER THAN IN 2016 - IEA
 Coal use grew again in 2018.
Global coal demand increased by 1.1%, continuing the rebound that began in 2017 after three years of decline said IEA. The main driver was coal power generation, which rose almost 2% in 2018 to reach an all-time high. Coal maintained its position as the largest source of electricity in the world with a 38% share. The China, India and other Asian economies led the expansion, while coal power generation fell in Europe and North America. In non-power sectors, despite a lot of coal-to-gas switching in China, demand remained stable. The international coal trade grew by 4% in 2018, surpassing 1.4 billion tonnes, said IEA
A big production jump.
IEA noted that, the coal production grew by 3.3% in 2018, mainly driven by the demand growth. Four of the world’s six largest coal‑producing countries increased their output, with three of them – India, Indonesia and the Russian producing their largest outputs ever. Indonesia and Russia recorded all-time high coal exports. Average prices in 2018 were more than 60% higher than in 2016, making coal very profitable. Export revenues of USD 67 billion – the highest ever – made coal Australia’s top commodity export.
India and Southeast Asia rely on coal to develop
Coal still fuels India’s robust economic growth. India aims to become an economy of USD 5 trillion by 2024, in part by investing heavily in infrastructure. This will boost energy demand for industry and, especially, for electricity production, IEA said. Although India has succeeded in bringing some form of electricity access to almost all of its citizens, the country’s per capita power consumption is still low, giving it significant scope to grow. Power generation from renewables is forecast to expand strongly, with wind capacity doubling and solar photovoltaics (PV) increasing fourfold between 2018 and 2024. But that is not enough to prevent coal power generation increasing by 4.6% per year through 2024. Overall, India’s coal demand is expected to grow by more than that of any other country, in absolute terms, over the forecast period.
Vigorous growth in Southeast Asia, new plants in South Asia.
Coal demand in Southeast Asia is forecast to grow by more than 5% per year through 2024, led by Indonesia and Viet Nam. The region’s strong economic growth will drive electricity and industrial consumption, which will both be fuelled in part by coal. South Asian countries are also in need of more electricity supply for the growing populations, and they are often turning to coal to provide it. Pakistan has recently commissioned over 4 GW of new coal power plants, with similar capacity under construction. Bangladesh is about to commission the first unit of the 10 GW it has in the pipeline.
Chinese coal demand is very resilient
In China, the world’s biggest coal producer and consumer, consumption will plateau around 2022. Stronger-than-expected electricity consumption and infrastructure development have pushed coal use up in the last few years. In our forecast, the decline of coal use in the residential and small industrial sectors continues because of air pollution concerns. Coal use in heavy industry also drops, driven by structural changes in the economy as well as macroeconomic conditions in the coming years. Our forecast sees coal power generation growing, although at a slowing rate. Its share of the power generation mix is expected to fall from 67% in 2018 to 59% in 2024. Overall, coal demand in China plateaus by 2022 and then starts to decline slowly.
The five‑year-plan factor. The trajectory outlined above remains subject to the policies and targets that will be included in the Chinese government’s 14th five-year plan (which will be released in 2020). Future coal demand will potentially be affected by the government’s economic growth objectives as well as its policies on nuclear power, wind and solar, and coal conversion projects. While reducing air pollution and CO2 emissions will be policy priorities for China, coal is expected to continue play an important role in sustaining economic growth and guaranteeing energy security.
The coal trade’s shift to the Pacific continues
Exporters in the Pacific Basin will do better than will those in the Atlantic. Asian demand continues to be strong. With the collapse of the European market, Atlantic producers, including the United States and Colombia, struggle whereas Australia and South Africa fare better. Russia is progressively oriented towards Asian markets. Increasing domestic needs eat into Indonesian exports. Demand from China and India remains strong in our forecast but is an area of uncertainty because of government policies to limit reliance on imports.
A final caveat
Our coal demand forecast has not changed much from last year said IEA. Despite all the policy changes and announcements, our forecast is very similar to those we have made over the past few years. There are few signs of change. In 2019, for example, a combination of unusual circumstances appears to have led to the largest ever drop in coal power generation, which will most likely give rise to a decline in global coal consumption. However, this is within the range of the annual fluctuations over the course of a decade in which global demand is set to remain broadly stable.
Climate policy, natural gas prices and China could change coal’s future course. The main difference in this report from last year is that the downside potential is increasing IEA said. Stronger-than-expected climate policies targeting coal are probably the main factor that could affect coal demand. Lower natural gas prices could also change our forecast, as well as slower economic growth. Last but not least, as already discussed above, China will ultimately determine global coal trends through 2024 and beyond since it currently accounts for half of global consumption.
Source: IEA
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Thursday, 19 December 19
COAL POWER GENERATION CONTINUES TO DECLINE IN GERMANY: DESTATIS, XINHUA REPORTED
The volume of electricity generated in coal-fired power plants in Germany decreased “markedly” by 37 percent to 34 billion kilowatt-hou ...
Thursday, 19 December 19
BANGLADESH'S NBR CUTS VAT ON COAL IMPORT FOR POWER PLANTS - THE DAILY STAR
The National Board of Revenue (NBR) reduced value added tax on the import of coal for power plants to 5 percent from present 15 percent for five ye ...
Wednesday, 18 December 19
ASIA IS SET TO SUPPORT GLOBAL COAL DEMAND FOR THE NEXT FIVE YEARS - IEA
Press Release: Global coal demand is expected to decline in 2019 but remain broadly stable over the next five years, supported by robust growth in ...
Wednesday, 18 December 19
SHIPPING MARKET INSIGHT - INTERMODAL
As we all know very well by now, the reduction in the maximum allowable sulphur content of marine fuels in 2020 is likely to have a massive impact ...
Tuesday, 17 December 19
AUSTRALIA ENERGY MARKET OPERATOR TURNS SCROOGE ON COAL LOBBY: RUSSELL
Australia, which vies with Indonesia for the title of the world’s largest coal exporter, is planning for an electricity future where use of t ...
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- Sical Logistics Limited - India
- Global Business Power Corporation, Philippines
- Xindia Steels Limited - India
- Sree Jayajothi Cements Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Sindya Power Generating Company Private Ltd
- IHS Mccloskey Coal Group - USA
- Essar Steel Hazira Ltd - India
- Ind-Barath Power Infra Limited - India
- Marubeni Corporation - India
- Bhatia International Limited - India
- Posco Energy - South Korea
- Energy Link Ltd, New Zealand
- European Bulk Services B.V. - Netherlands
- Altura Mining Limited, Indonesia
- Manunggal Multi Energi - Indonesia
- PTC India Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- India Bulls Power Limited - India
- Globalindo Alam Lestari - Indonesia
- Power Finance Corporation Ltd., India
- International Coal Ventures Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Kumho Petrochemical, South Korea
- Straits Asia Resources Limited - Singapore
- Madhucon Powers Ltd - India
- Indika Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Bukit Baiduri Energy - Indonesia
- Makarim & Taira - Indonesia
- Gujarat Sidhee Cement - India
- Global Green Power PLC Corporation, Philippines
- Port Waratah Coal Services - Australia
- Baramulti Group, Indonesia
- Ministry of Mines - Canada
- Samtan Co., Ltd - South Korea
- Holcim Trading Pte Ltd - Singapore
- Bulk Trading Sa - Switzerland
- Orica Australia Pty. Ltd.
- Rio Tinto Coal - Australia
- Metalloyd Limited - United Kingdom
- Mintek Dendrill Indonesia
- Bangladesh Power Developement Board
- Commonwealth Bank - Australia
- The University of Queensland
- Asmin Koalindo Tuhup - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Salva Resources Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Toyota Tsusho Corporation, Japan
- South Luzon Thermal Energy Corporation
- Antam Resourcindo - Indonesia
- Mercator Lines Limited - India
- The State Trading Corporation of India Ltd
- Indonesian Coal Mining Association
- Timah Investasi Mineral - Indoneisa
- Directorate Of Revenue Intelligence - India
- San Jose City I Power Corp, Philippines
- Trasteel International SA, Italy
- Kobexindo Tractors - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SMC Global Power, Philippines
- Chettinad Cement Corporation Ltd - India
- Minerals Council of Australia
- TeaM Sual Corporation - Philippines
- Edison Trading Spa - Italy
- Electricity Authority, New Zealand
- Central Java Power - Indonesia
- Romanian Commodities Exchange
- Ministry of Transport, Egypt
- Singapore Mercantile Exchange
- PetroVietnam Power Coal Import and Supply Company
- Indogreen Group - Indonesia
- MS Steel International - UAE
- Simpson Spence & Young - Indonesia
- Tamil Nadu electricity Board
- Grasim Industreis Ltd - India
- Iligan Light & Power Inc, Philippines
- Borneo Indobara - Indonesia
- Riau Bara Harum - Indonesia
- Pendopo Energi Batubara - Indonesia
- Maheswari Brothers Coal Limited - India
- CIMB Investment Bank - Malaysia
- Uttam Galva Steels Limited - India
- Thai Mozambique Logistica
- Star Paper Mills Limited - India
- Meralco Power Generation, Philippines
- Thiess Contractors Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Bukit Makmur.PT - Indonesia
- Global Coal Blending Company Limited - Australia
- Miang Besar Coal Terminal - Indonesia
- Bhoruka Overseas - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Ceylon Electricity Board - Sri Lanka
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Carbofer General Trading SA - India
- Anglo American - United Kingdom
- Krishnapatnam Port Company Ltd. - India
- Ministry of Finance - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Medco Energi Mining Internasional
- Bahari Cakrawala Sebuku - Indonesia
- Chamber of Mines of South Africa
- McConnell Dowell - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- GVK Power & Infra Limited - India
- Electricity Generating Authority of Thailand
- Indo Tambangraya Megah - Indonesia
- Renaissance Capital - South Africa
- CNBM International Corporation - China
- Central Electricity Authority - India
- Kideco Jaya Agung - Indonesia
- Malabar Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- SMG Consultants - Indonesia
- Aboitiz Power Corporation - Philippines
- Siam City Cement - Thailand
- Aditya Birla Group - India
- Vedanta Resources Plc - India
- Georgia Ports Authority, United States
- Standard Chartered Bank - UAE
- Rashtriya Ispat Nigam Limited - India
- Independent Power Producers Association of India
- Pipit Mutiara Jaya. PT, Indonesia
- ICICI Bank Limited - India
- Gujarat Electricity Regulatory Commission - India
- Bharathi Cement Corporation - India
- Gujarat Mineral Development Corp Ltd - India
- Parliament of New Zealand
- Indian Energy Exchange, India
- Cigading International Bulk Terminal - Indonesia
- Banpu Public Company Limited - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Therma Luzon, Inc, Philippines
- Sakthi Sugars Limited - India
- Sarangani Energy Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Wood Mackenzie - Singapore
- SN Aboitiz Power Inc, Philippines
- Vizag Seaport Private Limited - India
- London Commodity Brokers - England
- Bayan Resources Tbk. - Indonesia
- GMR Energy Limited - India
- Attock Cement Pakistan Limited
- Jaiprakash Power Ventures ltd
- Dalmia Cement Bharat India
- Barasentosa Lestari - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Agrawal Coal Company - India
- Mercuria Energy - Indonesia
- Videocon Industries ltd - India
- Australian Coal Association
- Heidelberg Cement - Germany
- Deloitte Consulting - India
- Petron Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- OPG Power Generation Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kartika Selabumi Mining - Indonesia
- Lanco Infratech Ltd - India
- New Zealand Coal & Carbon
- Latin American Coal - Colombia
- Orica Mining Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Wilmar Investment Holdings
- Maharashtra Electricity Regulatory Commission - India
- Formosa Plastics Group - Taiwan
- Interocean Group of Companies - India
- Kaltim Prima Coal - Indonesia
- Coalindo Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Larsen & Toubro Limited - India
- Kepco SPC Power Corporation, Philippines
- Sojitz Corporation - Japan
- Karaikal Port Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Karbindo Abesyapradhi - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Planning Commission, India
- ASAPP Information Group - India
- Jindal Steel & Power Ltd - India
- LBH Netherlands Bv - Netherlands
- Economic Council, Georgia
- Bhushan Steel Limited - India
- Africa Commodities Group - South Africa
- Kalimantan Lumbung Energi - Indonesia
- Price Waterhouse Coopers - Russia
- Intertek Mineral Services - Indonesia
- Eastern Coal Council - USA
- Tata Chemicals Ltd - India
- Coal and Oil Company - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- Merrill Lynch Commodities Europe
- PNOC Exploration Corporation - Philippines
- Indian Oil Corporation Limited
- Australian Commodity Traders Exchange
- Sinarmas Energy and Mining - Indonesia
- Mjunction Services Limited - India
- PowerSource Philippines DevCo
- Kohat Cement Company Ltd. - Pakistan
- Ambuja Cements Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Energy Development Corp, Philippines
- IEA Clean Coal Centre - UK
- Jorong Barutama Greston.PT - Indonesia
- Cement Manufacturers Association - India
- Parry Sugars Refinery, India
- VISA Power Limited - India
- Savvy Resources Ltd - HongKong
- White Energy Company Limited
- Eastern Energy - Thailand
- Meenaskhi Energy Private Limited - India
- Goldman Sachs - Singapore
- The Treasury - Australian Government
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