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Tuesday, 22 December 20
INDIA'S COAL DEMAND IS SET TO EXPAND DESPITE PLUMMETING IN 2020 - IEA
 Coal consumption in India amounted to 979 Mt in 2019, with the largest share being thermal coal (including lignite) for electricity generation (687 Mt), followed by thermal coal for non-power applications (226 Mt). The remainder was metallurgical coal used mainly for steel production.
Compared with 2018, coal consumption fell 1.8%, or 18 Mt in 2019, almost exclusively due to lower thermal coal use for power generation. Declining coal demand reflects India’s slower economic growth and significant hydropower output with heavy monsoon rains in 2019. While India’s economy grew 6.1% in 2018, GDP growth in 2019 was just 4.2%.
Coal consumption in India is expected to fall sharply in 2020. This applies to thermal coal (including lignite) for power generation (‑4.5%, ‑31 Mt;), thermal coal for other applications (-10%, -23 Mt) and met coal (-20%,-13 Mt).
This drastic drop results mainly from the Covid‑19 pandemic effects. Measures to contain the virus in India were taken at the end of the first-quarter 2020. A complete lockdown that began 25 March had a drastic effect on key coal consumers. In April, crude steel production fell by more than 90% y-o-y after the collapse of steel demand from construction and automobile production.
In the second-quarter, y-o-y production drops were 33% for pig iron, 43% for sponge iron and 38% for cement. The effects of the restrictions remained evident in the third-quarter. In addition, coal-fired power generation will decline in 2020 (-4.5%) due to lower demand for electricity and preferential dispatch for nuclear and renewables. Gas-fired generation was boosted by low LNG prices.
In April 2020, coal-fired power generation was more than 30% lower than in the previous year. Recovering power demand boosted coal-fired generation in September, accounting for the first y-o-y growth since the start of the pandemic. Assuming that the recovery continues until the end of the year, coal-based power generation will shrink by 4.5%.
For 2021 the IMF expects a recovery of India’s economy, with annual GDP growth of 8.8%. With electricity demand as well as industrial production rebounding, coal use is anticipated to increase 3.8%, or by 35 Mt. In the medium term (to 2025), India has one of the highest potentials to increase coal consumption as electricity demand rises and more steel and cement are required for infrastructure projects. Additionally, the government aims to expand coal gasification considerably, targeting 100 Mt of coal gasification by 2030. Methanol production (with four coal-to-methanol projects already lined up) is a major focus of its policy.
Sourcec; COAL 2020, IEA
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Thursday, 17 December 20
BUMA SIGNED US$1.0 BILLION WORTH OF EXTENSION CONTRACT WITH BERAU COAL
PT Bukit Makmur Mandiri Utama, subsidiary of PT Delta Dunia Makmur Tbk., has extended its mining services contracts with PT Berau Coal, in relation ...
Wednesday, 16 December 20
INDONESIA 2020 COAL CONSUMPTION ESTIMATED AT 140-145 MLN TONNES - OFFICIAL, REUTERS REPORTED
Indonesia’s domestic coal consumption is estimated at 140-145 million tonnes this year, Dodik Ariyanto, an official at the energy ministry, t ...
Wednesday, 16 December 20
RUSSIA REVISES DOWN EXPORT EXPECTATION - FITCH
The Ministry of Economy of Russia, the world’s third largest thermal coal exporting country, released its annual forecasts ...
Wednesday, 16 December 20
INDIAN COAL IMPORTS TO REMAIN SUBDUED - FITCH RATINGS
Fitch Rating commented on Indian Coal Imports, Fitch said, coal imports by Indian utilities fell by about 24% yoy to 44 million tonnes (mt) i ...
Wednesday, 16 December 20
CHINA TO BOOST DOMESTIC SUPPLY - FITCH
China’s benchmark Qinhuangdao 5,500kcal/kg coal price rose above the government’s upper yellow interval of CNY600/tonne in early Octobe ...
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- Price Waterhouse Coopers - Russia
- Standard Chartered Bank - UAE
- Australian Commodity Traders Exchange
- Metalloyd Limited - United Kingdom
- Meralco Power Generation, Philippines
- Petron Corporation, Philippines
- Larsen & Toubro Limited - India
- Rio Tinto Coal - Australia
- Rashtriya Ispat Nigam Limited - India
- Central Electricity Authority - India
- Gujarat Sidhee Cement - India
- Maharashtra Electricity Regulatory Commission - India
- Mintek Dendrill Indonesia
- Energy Link Ltd, New Zealand
- Cement Manufacturers Association - India
- The State Trading Corporation of India Ltd
- Thai Mozambique Logistica
- Indogreen Group - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Coastal Gujarat Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Parry Sugars Refinery, India
- Bahari Cakrawala Sebuku - Indonesia
- Bhatia International Limited - India
- Antam Resourcindo - Indonesia
- Economic Council, Georgia
- Carbofer General Trading SA - India
- Barasentosa Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Trasteel International SA, Italy
- Gujarat Electricity Regulatory Commission - India
- Coal and Oil Company - UAE
- Lanco Infratech Ltd - India
- Bhoruka Overseas - Indonesia
- Sinarmas Energy and Mining - Indonesia
- White Energy Company Limited
- Tamil Nadu electricity Board
- OPG Power Generation Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Karbindo Abesyapradhi - Indoneisa
- Iligan Light & Power Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- Kumho Petrochemical, South Korea
- Kaltim Prima Coal - Indonesia
- Heidelberg Cement - Germany
- Baramulti Group, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Merrill Lynch Commodities Europe
- ICICI Bank Limited - India
- Eastern Energy - Thailand
- CNBM International Corporation - China
- India Bulls Power Limited - India
- New Zealand Coal & Carbon
- Edison Trading Spa - Italy
- Star Paper Mills Limited - India
- Therma Luzon, Inc, Philippines
- Electricity Generating Authority of Thailand
- Makarim & Taira - Indonesia
- South Luzon Thermal Energy Corporation
- Sindya Power Generating Company Private Ltd
- TeaM Sual Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Ministry of Finance - Indonesia
- Marubeni Corporation - India
- PTC India Limited - India
- Bangladesh Power Developement Board
- Essar Steel Hazira Ltd - India
- Jindal Steel & Power Ltd - India
- Sarangani Energy Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Coal Council - USA
- Pipit Mutiara Jaya. PT, Indonesia
- Thiess Contractors Indonesia
- Oldendorff Carriers - Singapore
- Sical Logistics Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Maheswari Brothers Coal Limited - India
- Ministry of Mines - Canada
- Mjunction Services Limited - India
- Vizag Seaport Private Limited - India
- Wilmar Investment Holdings
- GMR Energy Limited - India
- Orica Mining Services - Indonesia
- Mercator Lines Limited - India
- Malabar Cements Ltd - India
- Interocean Group of Companies - India
- Toyota Tsusho Corporation, Japan
- Georgia Ports Authority, United States
- Anglo American - United Kingdom
- Holcim Trading Pte Ltd - Singapore
- Ind-Barath Power Infra Limited - India
- Sree Jayajothi Cements Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Wood Mackenzie - Singapore
- Posco Energy - South Korea
- London Commodity Brokers - England
- AsiaOL BioFuels Corp., Philippines
- McConnell Dowell - Australia
- SMC Global Power, Philippines
- Gujarat Mineral Development Corp Ltd - India
- SMG Consultants - Indonesia
- CIMB Investment Bank - Malaysia
- Kapuas Tunggal Persada - Indonesia
- Bharathi Cement Corporation - India
- Mercuria Energy - Indonesia
- Sakthi Sugars Limited - India
- Chamber of Mines of South Africa
- LBH Netherlands Bv - Netherlands
- Bhushan Steel Limited - India
- Central Java Power - Indonesia
- Indo Tambangraya Megah - Indonesia
- Romanian Commodities Exchange
- Simpson Spence & Young - Indonesia
- Straits Asia Resources Limited - Singapore
- Samtan Co., Ltd - South Korea
- Port Waratah Coal Services - Australia
- Singapore Mercantile Exchange
- SN Aboitiz Power Inc, Philippines
- IEA Clean Coal Centre - UK
- Indika Energy - Indonesia
- Africa Commodities Group - South Africa
- Tata Chemicals Ltd - India
- Parliament of New Zealand
- Formosa Plastics Group - Taiwan
- PNOC Exploration Corporation - Philippines
- Vedanta Resources Plc - India
- International Coal Ventures Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Altura Mining Limited, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- VISA Power Limited - India
- Binh Thuan Hamico - Vietnam
- Xindia Steels Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Dalmia Cement Bharat India
- Jorong Barutama Greston.PT - Indonesia
- Intertek Mineral Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Siam City Cement PLC, Thailand
- Billiton Holdings Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- San Jose City I Power Corp, Philippines
- Aditya Birla Group - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Salva Resources Pvt Ltd - India
- Ambuja Cements Ltd - India
- Indian Energy Exchange, India
- IHS Mccloskey Coal Group - USA
- Ministry of Transport, Egypt
- Uttam Galva Steels Limited - India
- Latin American Coal - Colombia
- Global Green Power PLC Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Timah Investasi Mineral - Indoneisa
- Bulk Trading Sa - Switzerland
- ASAPP Information Group - India
- Banpu Public Company Limited - Thailand
- Coalindo Energy - Indonesia
- Electricity Authority, New Zealand
- Bayan Resources Tbk. - Indonesia
- Pendopo Energi Batubara - Indonesia
- Independent Power Producers Association of India
- Indonesian Coal Mining Association
- Karaikal Port Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Globalindo Alam Lestari - Indonesia
- GVK Power & Infra Limited - India
- GAC Shipping (India) Pvt Ltd
- The University of Queensland
- Energy Development Corp, Philippines
- Indian Oil Corporation Limited
- Grasim Industreis Ltd - India
- Madhucon Powers Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Planning Commission, India
- Siam City Cement - Thailand
- The Treasury - Australian Government
- PetroVietnam Power Coal Import and Supply Company
- PowerSource Philippines DevCo
- Ceylon Electricity Board - Sri Lanka
- Neyveli Lignite Corporation Ltd, - India
- Renaissance Capital - South Africa
- Global Coal Blending Company Limited - Australia
- Goldman Sachs - Singapore
- Borneo Indobara - Indonesia
- Power Finance Corporation Ltd., India
- Videocon Industries ltd - India
- Agrawal Coal Company - India
- Minerals Council of Australia
- Miang Besar Coal Terminal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Medco Energi Mining Internasional
- Deloitte Consulting - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sojitz Corporation - Japan
- Jaiprakash Power Ventures ltd
- MS Steel International - UAE
- Semirara Mining and Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- European Bulk Services B.V. - Netherlands
- Orica Australia Pty. Ltd.
- Savvy Resources Ltd - HongKong
- Kartika Selabumi Mining - Indonesia
- Attock Cement Pakistan Limited
- Australian Coal Association
- Kobexindo Tractors - Indoneisa
- Commonwealth Bank - Australia
- Alfred C Toepfer International GmbH - Germany
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