COALspot.com keeps you connected across the coal world
  • FOR 2020, FORECASTS HAVE GONE FROM A 12 MILLION TONS PRE-COVID DEFICIT TO A 56 MILLION TONS POST-COVID SURPLUS IN INTERNATIONAL STEAM COAL SUPPLY, MAINLY DUE TO LOWER IMPORTS IN CHINA AND INDIA - ASSOCARBONI
  • SEABORNE WORLD COAL TRADE CLOSED 2019 POSITIVELY WITH A 2% ANNUAL GROWTH AND CONFIRMING A GROWING TREND LEADING TO A 50% INCREASE IN VOLUMES IN 10 YEARS - ASSOCARBONI
  • EUROPE GENERATES ELECTRICITY MAINLY FROM COAL (18,2%) AND FROM NUCLEAR (25,5%), CUTTING THE COSTS OF ELECTRICITY BILLS BY AN AVERAGE 30% - ASSOCARBONI
  • COAL CONFIRMED ITS LEADERSHIP AS LEADING FUEL FOR ELECTRICITY GENERATION ALSO IN 2019, ACCOUNTING FOR 38% OF OVERALL PRODUCTION AND CLOSING 2019 WITH A 2% INCREASE IN SEABORNE COAL TRADE (1.290 MILLION TONS) - ASSOCARBONI
  • VIETNAM, INDIA, CHINA AND PHILIPPINES ARE THE COUNTRIES THAT CONTRIBUTED THE MOST TO THE GROWTH IN COAL VOLUMES DURING 2019, ACHIEVING RECORD RESULTS IN TERMS OF IMPORT - ASSOCARBONI
  • FOR 2021 EXPECTED AN INCREASE IN SEABORNE COAL TRADE, DRIVEN BY IMPORTS OF NEW EMERGING ASIAN ECONOMIES INCLUDING PAKISTAN, BANGLADESH, PHILIPPINES, MALAYSIA AND VIETNAM - ASSOCARBONI
  • CONFIRMED THE GROWTH TREND THAT IN THE LAST TEN YEARS HAS LED TO A 50% INCREASE IN THE COAL MARKETED VOLUMES - ASSOCARBONI
  • AUGUST 2020 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS AND DOMESTIC BUYERS INCLUDING POWER PRODUCERS FIXED AT US$ 50.34 A TON

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


WTI Crude Oil

BRENT Crude Oil

Search News
Latest CoalNews Headlines
Monday, 29 June 20
CHINA COAL IMPORT OUTLOOK: MANY MOVING PARTS, FORECAST TO FALL 10% YOY - GHEE PEH | IEEFA
IEEFA LOGOChina’s coal demand declined in the first quarter of 2020. According to the China National Coal Association, the country consumed 870mt in the first quarter of 2020, down 6.8%year-on-year. The power sector’s coal consumption fell 6.8%year-on-yearto 507mt,while construction sector usage fell 24.7% year-on-year to 65mt. Although the coal market remains volatile, industry observers estimate an average decline of 8% to 12% year-on-year in China’s coal demand. IEEFA currently estimates a 10% year-on-year fall in China’s 2020 coal imports, based on the following four key variables:
  • Coal imports: From January to April2020,imports rose 27%year-on-year, but we note this is a function of lower prices.
  • Domestic coal production: After declining year-on-year in January and February, output in March and April rose 6.4%and 6.0%year-on-year, respectively.
  • Power generation: Thermal power generation declined 8.2%year-on-yearin the first quarter but rose 1.5%year-on-yearin April.
  • Steel output: This increased 1.3%year-on-yearfor the first four months of 2020.
A detailed examination of China’s data, together with press commentary on the Chinese Government’s policy on coal imports, reinforces our view that caution is merited. According to media reports, China’s coal imports grew 22% year-on-year in April, and January to April 2020 imports increased 27% year-on-year, but the growth was boosted by lower prices for coal imports from Indonesia and Australia. The average April Newcastle benchmark price of US$56.2/tonne is 35% lower year-on-year.
 
China's Total Coal Imports and Newcastle Benchmark Price January to April 2020 (million tonnes, US$Tonne)
 
According to media reports, China’s coal production experienced year-on-year growth of 6.4% in March and 6.0% in April. This growth is unsurprising as the National Energy Administration announced that China’s production had reached 83.4% of total coal mining capacity as of 3 March. The COVID-19-related disruption to China’s domestic coal output appears limited to January–February2020,when output declined 4.8%year-on-year, which is bad news for coal exporters to China. Additionally, 12 Chinese coal companies have called for a 10% cut in output from current levels to support domestic prices. The year-on-year growth in China’s domestic coal production would also tie in with government policy to impose an import quota this year that is set at 2017 levels, which are 10% below 2019 levels.
 
China's Total Coal Output, January to April 2019-20 (million tonnes) Coal output
 
From January to April 2020, total Chinese power output fell 4.7% year-on-year, while thermal power output fell 5.9% year-on-year. In April, total power output grew 2.0% year-on-year, and thermal power output was up 1.5% year-on-year. From January to April 2020, 87 % of China’s thermal power capacity was from coal-fired plants, with the remainder from gas-fired facilities, according to the China Electricity Council. We note that even with the slight uptick in thermal power output for April, it is too early to suggest a sustained recovery in coal usage and imports.
 
China's Total and Thermal Power Output, January to April 2020 (billion Gigawatt hours)
 
China’s steel output serves as an indicator of economic activity. It rose1.3%year-on-yearfor January to April2020, indicating some stability. According to Mysteel Global, blast furnace capacity utilization rates at 163 mills rose to 85.6%, the highest rate in nearly 11 months, as of 15 May. However, against the backdrop of an increase in domestic coal production, this level of economic activity would still present downside risks for Chinese coal imports.
 
China's Total Steel Output, January to April 2019-2020 (million tonnes)
 
The outlook on government policy remains negative for exports to China, thanks to the coal import quota that seeks to maintain 2020 coal imports at the 2017 level of 270mt compared with 300mt in 2019. However, according to media reports, Guangdong and Fujian provinces used up the quota in the first four months of 2020. One positive sign for Indonesia’s exporters is the suggestion in media reports that China may reduce coal imports from Australia from July because of political tensions. Meanwhile, China’s coal producers have also been calling for government help. The China Coal Transportation and Distribution Association (the state-run representative body for domestic miners) has asked the National Development and Reform Commission to help restrict imports of cheap fuel. Additionally, 12Chinese coal producers have called for a 10% reduction in domestic coal output. Industry observers have estimated a year-on-year decline of 8–12%for China coal imports. This is in line with IEEFA’s conclusion that Chinese coal imports could decline 10%year-on-yearin 2020.
 
Summary of China's Coal Import Drivers and Forecast Decline
 
About IEEFA
The Institute for Energy Economics and Financial Analysis (IEEFA) examines issues related to energy markets, trends and policies. The Institute’s mission is to accelerate the transition to a diverse, sustainable and profitable energy economy. www.ieefa.org
 
About the Author Ghee Peh
Financial Analyst
Ghee Peh has worked in investment research since 1995, including at Jefferies, BNP Paribas, and UBS. He has covered Asian coal, cement and metal companies.


If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Thursday, 06 August 20
KOREA SOUTH-EAST POWER INVITING BIDS FOR MIN 3,600-MAX 3,800 NCV COAL
COALspot.com: South Korea’s KOREA SOUTH-EAST POWER CO., LTD. (KOEN) inviting bids for 80,000 Tons (MT) Min 3,600~Max 3,800 kcal/kg NCV coal f ...


Wednesday, 05 August 20
NO NEW MINING LICENSES - A REMINDER TO GOVERNORS IN INDONESIA - SSEK
Indonesia’s acting Director General of Mining and Coal (“DGMC”) has issued a letter to the country’s provincial Governors t ...


Wednesday, 05 August 20
AUGUST 2020 HBA HITTING ITS LOWEST LEVELS IN HISTORY
COALspot.com: The Indonesia Coal Price Reference for the month of August plunged 30.73% YoY, hitting its lowest levels in history and highlighting ...


Wednesday, 05 August 20
SLUMP IN OIL REVENUE CHALLENGES MIDDLE EAST OIL EXPORTERS - INTERMODAL
The Covid-19 pandemic has had far-reaching consequences on the global capital markets. Despite the US government’s efforts for a quick and de ...


Tuesday, 04 August 20
KOEN INVITED BIDS FOR TOTAL 900K MT OF MIN 5600 NCV COAL FOR 3 YEARS
COALspot.com: South Korea’s KOREA SOUTH-EAST POWER CO., LTD. (KOEN) has issued an international tender for 260,000 to 300,000 Tons (MT) min. ...


   1 2 3 4 5   
Showing 11 to 15 news of total 6037
News by Category
Popular News
 
Total Members : 27,023
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Glencore India Pvt. Ltd
  • PetroVietnam
  • Rashtriya Ispat Nigam Limited - India
  • Maheswari Brothers Coal Limited - India
  • New Zealand Coal & Carbon
  • Kaltim Prima Coal - Indonesia
  • Petrosea - Indonesia
  • Indogreen Group - Indonesia
  • Bayan Resources Tbk. - Indonesia
  • Reliance Power - India
  • Vedanta Resources Plc - India
  • London Commodity Brokers - England
  • Alfred C Toepfer International GmbH - Germany
  • Dalmia Cement Bharat India
  • Coal India Limited
  • Coaltrans Conferences
  • Bahari Cakrawala Sebuku - Indonesia
  • Energy Link Ltd, New Zealand
  • ING Bank NV - Singapore
  • McConnell Dowell - Australia
  • Grasim Industreis Ltd - India
  • Bukit Asam (Persero) Tbk - Indonesia
  • Vitol - Bahrain
  • NTPC Limited - India
  • Rudhra Energy - India
  • Wilmar Investment Holdings
  • Barasentosa Lestari - Indonesia
  • Inspectorate - India
  • SGS (Thailand) Limited
  • GAC Shipping (India) Pvt Ltd
  • Thermax Limited - India
  • JPMorgan - India
  • Madhucon Powers Ltd - India
  • UBS Singapore
  • Orica Mining Services - Indonesia
  • Credit Suisse - India
  • Savvy Resources Ltd - HongKong
  • Manunggal Multi Energi - Indonesia
  • Port Waratah Coal Services - Australia
  • Directorate General of MIneral and Coal - Indonesia
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • TeaM Sual Corporation - Philippines
  • Bangkok Bank PCL
  • JPower - Japan
  • Tamil Nadu electricity Board
  • Coeclerici Indonesia
  • Tata Chemicals Ltd - India
  • Deloitte Consulting - India
  • Bhatia International Limited - India
  • Mercator Lines Limited - India
  • Mintek Dendrill Indonesia
  • Thriveni
  • Bhushan Steel Limited - India
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • CoalTek, United States
  • BNP Paribas - Singapore
  • Rio Tinto Coal - Australia
  • Humpuss - Indonesia
  • Lafarge - France
  • Vale Mozambique
  • Medco Energi Mining Internasional
  • Cosco
  • Australian Coal Association
  • Chettinad Cement Corporation Ltd - India
  • EIA - United States
  • PetroVietnam Power Coal Import and Supply Company
  • APGENCO India
  • Bangladesh Power Developement Board
  • The University of Queensland
  • Singapore Mercantile Exchange
  • GMR Energy Limited - India
  • Mercuria Energy - Indonesia
  • IHS Mccloskey Coal Group - USA
  • Interocean Group of Companies - India
  • Gujarat Sidhee Cement - India
  • Semirara Mining and Power Corporation, Philippines
  • Infraline Energy - India
  • Attock Cement Pakistan Limited
  • Intertek Mineral Services - Indonesia
  • GNFC Limited - India
  • CCIC - Indonesia
  • Cebu Energy, Philippines
  • KPMG - USA
  • Mechel - Russia
  • Kepco SPC Power Corporation, Philippines
  • Deutsche Bank - India
  • Indian School of Mines
  • Core Mineral Indonesia
  • Bukit Makmur.PT - Indonesia
  • Mitra SK Pvt Ltd - India
  • AsiaOL BioFuels Corp., Philippines
  • Cement Manufacturers Association - India
  • European Bulk Services B.V. - Netherlands
  • Straits Asia Resources Limited - Singapore
  • Meenaskhi Energy Private Limited - India
  • Tanito Harum - Indonesia
  • Latin American Coal - Colombia
  • Romanian Commodities Exchange
  • Trasteel International SA, Italy
  • Central Electricity Authority - India
  • Economic Council, Georgia
  • Edison Trading Spa - Italy
  • Jaiprakash Power Ventures ltd
  • Borneo Indobara - Indonesia
  • South Luzon Thermal Energy Corporation
  • ICICI Bank Limited - India
  • ASAPP Information Group - India
  • Xstrata Coal
  • World Coal - UK
  • SUEK AG - Indonesia
  • PLN Batubara - Indonesia
  • Siam City Cement PLC, Thailand
  • Binh Thuan Hamico - Vietnam
  • Asia Cement - Taiwan
  • Marubeni Corporation - India
  • Inco-Indonesia
  • Moodys - Singapore
  • Ernst & Young Pvt. Ltd.
  • Orica Australia Pty. Ltd.
  • Fearnleys - India
  • Eastern Energy - Thailand
  • Asmin Koalindo Tuhup - Indonesia
  • TNB Fuel Sdn Bhd - Malaysia
  • Bukit Baiduri Energy - Indonesia
  • UOB Asia (HK) Ltd
  • Bharathi Cement Corporation - India
  • Sinarmas Energy and Mining - Indonesia
  • The State Trading Corporation of India Ltd
  • Independent Power Producers Association of India
  • Pendopo Energi Batubara - Indonesia
  • Tata Power - India
  • Permata Bank - Indonesia
  • Cargill India Pvt Ltd
  • HSBC - Hong Kong
  • Sarangani Energy Corporation, Philippines
  • globalCOAL - UK
  • CESC Limited - India
  • Renaissance Capital - South Africa
  • Argus Media - Singapore
  • IEA Clean Coal Centre - UK
  • Ind-Barath Power Infra Limited - India
  • Indika Energy - Indonesia
  • Energy Development Corp, Philippines
  • Sucofindo - Indonesia
  • Lanco Infratech Ltd - India
  • Videocon Industries ltd - India
  • Cemex - Philippines
  • Coalindo Energy - Indonesia
  • World Bank
  • Maybank - Singapore
  • Vijayanagar Sugar Pvt Ltd - India
  • Clarksons - UK
  • CIMB Investment Bank - Malaysia
  • KPCL - India
  • Cardiff University - UK
  • Sical Logistics Limited - India
  • OCBC - Singapore
  • Merrill Lynch Commodities Europe
  • DBS Bank - Singapore
  • Ince & co LLP
  • Banpu Public Company Limited - Thailand
  • GB Group - China
  • Siam City Cement - Thailand
  • IMC Shipping - Singapore
  • Karaikal Port Pvt Ltd - India
  • Aditya Birla Group - India
  • Kobexindo Tractors - Indoneisa
  • Maruti Cements - India
  • Meralco Power Generation, Philippines
  • Kobe Steel Ltd - Japan
  • SMC Global Power, Philippines
  • Standard Chartered Bank - UAE
  • MS Steel International - UAE
  • India Bulls Power Limited - India
  • Kumho Petrochemical, South Korea
  • Shenhua Group - China
  • Iligan Light & Power Inc, Philippines
  • bp singapore
  • Bhoruka Overseas - Indonesia
  • Kapuas Tunggal Persada - Indonesia
  • Thai Mozambique Logistica
  • Surastha Cement
  • Thailand Anthracite
  • Bank of China, Malaysia
  • Salva Resources Pvt Ltd - India
  • Britmindo - Indonesia
  • Kalimantan Lumbung Energi - Indonesia
  • Qatrana Cement - Jordan
  • Ceylon Electricity Board - Sri Lanka
  • ACC Limited - India
  • Neyveli Lignite Corporation Ltd, - India
  • Goldman Sachs - Singapore
  • Toyota Tsusho Corporation, Japan
  • IBC Asia (S) Pte Ltd
  • Thiess Contractors Indonesia
  • PNOC Exploration Corporation - Philippines
  • Global Green Power PLC Corporation, Philippines
  • Platou - Singapore
  • U S Energy Resources
  • Chamber of Mines of South Africa
  • Kartika Selabumi Mining - Indonesia
  • TRAFIGURA, South Korea
  • Therma Luzon, Inc, Philippines
  • RBS Sempra - UK
  • Bulk Trading Sa - Switzerland
  • Cigading International Bulk Terminal - Indonesia
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Holcim Trading Pte Ltd - Singapore
  • Gujarat Electricity Regulatory Commission - India
  • Timah Investasi Mineral - Indoneisa
  • Formosa Plastics Group - Taiwan
  • TGV SRAAC LIMITED, India
  • Pinang Coal Indonesia
  • Indonesian Coal Mining Association
  • Coal Orbis AG
  • Makarim & Taira - Indonesia
  • Coastal Gujarat Power Limited - India
  • Power Finance Corporation Ltd., India
  • Kohat Cement Company Ltd. - Pakistan
  • Kideco Jaya Agung - Indonesia
  • Minerals Council of Australia
  • Noble Europe Ltd - UK
  • SRK Consulting
  • Larsen & Toubro Limited - India
  • WorleyParsons
  • Indian Oil Corporation Limited
  • SN Aboitiz Power Inc, Philippines
  • Vizag Seaport Private Limited - India
  • Jorong Barutama Greston.PT - Indonesia
  • Russian Coal LLC
  • Petron Corporation, Philippines
  • Merrill Lynch Bank
  • KOWEPO - South Korea
  • TANGEDCO India
  • OPG Power Generation Pvt Ltd - India
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • McKinsey & Co - India
  • San Jose City I Power Corp, Philippines
  • Gujarat Mineral Development Corp Ltd - India
  • Metalloyd Limited - United Kingdom
  • KEPCO - South Korea
  • Baramulti Group, Indonesia
  • Peabody Energy - USA
  • Indonesia Power. PT
  • Global Coal Blending Company Limited - Australia
  • Ambuja Cements Ltd - India
  • Indo Tambangraya Megah - Indonesia
  • International Coal Ventures Pvt Ltd - India
  • Billiton Holdings Pty Ltd - Australia
  • Samsung - South Korea
  • Georgia Ports Authority, United States
  • Commonwealth Bank - Australia
  • Miang Besar Coal Terminal - Indonesia
  • Maharashtra Electricity Regulatory Commission - India
  • Posco Energy - South Korea
  • Asian Development Bank
  • Aboitiz Power Corporation - Philippines
  • Directorate Of Revenue Intelligence - India
  • The Treasury - Australian Government
  • Total Coal South Africa
  • Ministry of Transport, Egypt
  • Xindia Steels Limited - India
  • Panama Canal Authority
  • Indorama - Singapore
  • Krishnapatnam Port Company Ltd. - India
  • NALCO India
  • Leighton Contractors Pty Ltd - Australia
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Antam Resourcindo - Indonesia
  • GN Power Mariveles Coal Plant, Philippines
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Karbindo Abesyapradhi - Indoneisa
  • Sindya Power Generating Company Private Ltd
  • Mjunction Services Limited - India
  • Idemitsu - Japan
  • SASOL - South Africa
  • Eastern Coal Council - USA
  • Enel Italy
  • Sojitz Corporation - Japan
  • Adaro Indonesia
  • Maersk Broker
  • Carbofer General Trading SA - India
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Global Business Power Corporation, Philippines
  • Petrochimia International Co. Ltd.- Taiwan
  • Wood Mackenzie - Singapore
  • Mitsui
  • Simpson Spence & Young - Indonesia
  • ETA - Dubai
  • Price Waterhouse Coopers - Russia
  • Pipit Mutiara Jaya. PT, Indonesia
  • CNBM International Corporation - China
  • Semirara Mining Corp, Philippines
  • GVK Power & Infra Limited - India
  • Arutmin Indonesia
  • Agrawal Coal Company - India
  • Africa Commodities Group - South Africa
  • Essar Steel Hazira Ltd - India
  • Geoservices-GeoAssay Lab
  • Riau Bara Harum - Indonesia
  • MEC Coal - Indonesia
  • Globalindo Alam Lestari - Indonesia
  • Jindal Steel & Power Ltd - India
  • SMG Consultants - Indonesia
  • ANZ Bank - Australia
  • PLN - Indonesia
  • Arch Coal - USA
  • Adani Power Ltd - India
  • Gupta Coal India Ltd
  • Berau Coal - Indonesia
  • Heidelberg Cement - Germany
  • Thomson Reuters GRC
  • Barclays Capital - USA
  • Altura Mining Limited, Indonesia
  • Uttam Galva Steels Limited - India
  • IOL Indonesia
  • PTC India Limited - India
  • Coal and Oil Company - UAE
  • The India Cements Ltd
  • GHCL Limited - India
  • Central Java Power - Indonesia
  • Australian Commodity Traders Exchange
  • J M Baxi & Co - India
  • EMO - The Netherlands
  • Japan Coal Energy Center
  • Gresik Semen - Indonesia
  • Shree Cement - India
  • Platts
  • LBH Netherlands Bv - Netherlands
  • Star Paper Mills Limited - India
  • Runge Indonesia
  • Ministry of Finance - Indonesia
  • Parliament of New Zealand
  • Ministry of Mines - Canada
  • TNPL - India
  • Malabar Cements Ltd - India
  • Electricity Generating Authority of Thailand
  • Anglo American - United Kingdom
  • PowerSource Philippines DevCo
  • Planning Commission, India
  • Mitsubishi Corporation
  • Freeport Indonesia
  • Sree Jayajothi Cements Limited - India
  • Sakthi Sugars Limited - India
  • BRS Brokers - Singapore
  • VISA Power Limited - India
  • Jatenergy - Australia
  • Parry Sugars Refinery, India
  • Bank of America
  • Samtan Co., Ltd - South Korea
  • Malco - India
  • Oldendorff Carriers - Singapore
  • White Energy Company Limited