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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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Wednesday, 16 December 20
INDONESIAN COAL RECOVERING - FITCH
Commenting on Indonesian coal, Fitch Ratings, the Indonesian 4,200 kcal index has begun to recover, improving to over USD 29 in November compared t ...
Tuesday, 15 December 20
NEWCASTLE PRICES RECOVER - FITCH
Prices for the benchmark Newcastle 6,000 kcal/kg grade coal have rebounded to over USD 70/tonne since late November as major Asian economies ease l ...
Tuesday, 15 December 20
APAC COAL PRICES REBOUND ON IMPROVED DEMAND AND SUPPLY CUTS - FITCH RATINGS
Prices for the benchmark Newcastle 6,000kcal/kg grade coal have rebounded to over USD70/tonne since late November as major Asian economies ease loc ...
Tuesday, 15 December 20
CHINA EXTENDS FULL OPEN GESTURE TO IMPORTED COAL EXCEPT FOR AUSTRALIA - GLOBAL TIMES
Domestic, overseas suppliers will take up share with easier clearance
China's top economic planner on Saturday gave approval to ...
Monday, 14 December 20
PHILIPPINE BANK RCBC TO STOP LENDING FOR NEW COAL-FIRED POWER PROJECTS - MANILA BULLETIN
Yuchengco-led Rizal Commercial Banking Corporation (RCBC) has forthrightly declared that it will no longer extend financing to new coal-fired power ...
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- Bhoruka Overseas - Indonesia
- India Bulls Power Limited - India
- Borneo Indobara - Indonesia
- SMC Global Power, Philippines
- Semirara Mining Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Central Java Power - Indonesia
- Intertek Mineral Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- Kaltim Prima Coal - Indonesia
- IHS Mccloskey Coal Group - USA
- Romanian Commodities Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- ICICI Bank Limited - India
- Edison Trading Spa - Italy
- Formosa Plastics Group - Taiwan
- Kalimantan Lumbung Energi - Indonesia
- Barasentosa Lestari - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Timah Investasi Mineral - Indoneisa
- Energy Link Ltd, New Zealand
- SN Aboitiz Power Inc, Philippines
- Petron Corporation, Philippines
- Indogreen Group - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Mjunction Services Limited - India
- Anglo American - United Kingdom
- TeaM Sual Corporation - Philippines
- Altura Mining Limited, Indonesia
- Larsen & Toubro Limited - India
- London Commodity Brokers - England
- Billiton Holdings Pty Ltd - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Power Finance Corporation Ltd., India
- Commonwealth Bank - Australia
- Wilmar Investment Holdings
- Latin American Coal - Colombia
- Miang Besar Coal Terminal - Indonesia
- Bukit Makmur.PT - Indonesia
- Grasim Industreis Ltd - India
- Indonesian Coal Mining Association
- McConnell Dowell - Australia
- Semirara Mining and Power Corporation, Philippines
- Deloitte Consulting - India
- Eastern Energy - Thailand
- Indian Oil Corporation Limited
- Renaissance Capital - South Africa
- Ind-Barath Power Infra Limited - India
- Metalloyd Limited - United Kingdom
- Vizag Seaport Private Limited - India
- Lanco Infratech Ltd - India
- Banpu Public Company Limited - Thailand
- Singapore Mercantile Exchange
- Gujarat Mineral Development Corp Ltd - India
- Central Electricity Authority - India
- Sojitz Corporation - Japan
- Heidelberg Cement - Germany
- SMG Consultants - Indonesia
- Sinarmas Energy and Mining - Indonesia
- The University of Queensland
- Essar Steel Hazira Ltd - India
- Merrill Lynch Commodities Europe
- Cement Manufacturers Association - India
- Samtan Co., Ltd - South Korea
- Global Coal Blending Company Limited - Australia
- AsiaOL BioFuels Corp., Philippines
- Bulk Trading Sa - Switzerland
- Minerals Council of Australia
- Interocean Group of Companies - India
- Meenaskhi Energy Private Limited - India
- Jaiprakash Power Ventures ltd
- Parliament of New Zealand
- European Bulk Services B.V. - Netherlands
- White Energy Company Limited
- Bukit Baiduri Energy - Indonesia
- PowerSource Philippines DevCo
- Simpson Spence & Young - Indonesia
- Parry Sugars Refinery, India
- Bhushan Steel Limited - India
- Coastal Gujarat Power Limited - India
- Oldendorff Carriers - Singapore
- The Treasury - Australian Government
- Ministry of Finance - Indonesia
- Attock Cement Pakistan Limited
- Asmin Koalindo Tuhup - Indonesia
- GAC Shipping (India) Pvt Ltd
- ASAPP Information Group - India
- Marubeni Corporation - India
- South Luzon Thermal Energy Corporation
- Wood Mackenzie - Singapore
- Mercuria Energy - Indonesia
- Electricity Authority, New Zealand
- Kumho Petrochemical, South Korea
- New Zealand Coal & Carbon
- Global Green Power PLC Corporation, Philippines
- Coalindo Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Orica Australia Pty. Ltd.
- Sree Jayajothi Cements Limited - India
- Indika Energy - Indonesia
- Madhucon Powers Ltd - India
- Rio Tinto Coal - Australia
- Karbindo Abesyapradhi - Indoneisa
- Aditya Birla Group - India
- PNOC Exploration Corporation - Philippines
- Thiess Contractors Indonesia
- Standard Chartered Bank - UAE
- Xindia Steels Limited - India
- Energy Development Corp, Philippines
- Global Business Power Corporation, Philippines
- Ministry of Mines - Canada
- Therma Luzon, Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Pendopo Energi Batubara - Indonesia
- Carbofer General Trading SA - India
- Medco Energi Mining Internasional
- Bhatia International Limited - India
- Makarim & Taira - Indonesia
- Thai Mozambique Logistica
- GVK Power & Infra Limited - India
- Bharathi Cement Corporation - India
- Manunggal Multi Energi - Indonesia
- Maheswari Brothers Coal Limited - India
- Toyota Tsusho Corporation, Japan
- Mercator Lines Limited - India
- Bangladesh Power Developement Board
- International Coal Ventures Pvt Ltd - India
- Siam City Cement - Thailand
- Holcim Trading Pte Ltd - Singapore
- Leighton Contractors Pty Ltd - Australia
- Trasteel International SA, Italy
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Binh Thuan Hamico - Vietnam
- Dalmia Cement Bharat India
- Star Paper Mills Limited - India
- Mintek Dendrill Indonesia
- Bayan Resources Tbk. - Indonesia
- Africa Commodities Group - South Africa
- Tamil Nadu electricity Board
- Bank of Tokyo Mitsubishi UFJ Ltd
- Meralco Power Generation, Philippines
- Orica Mining Services - Indonesia
- Gujarat Sidhee Cement - India
- OPG Power Generation Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Kobexindo Tractors - Indoneisa
- PTC India Limited - India
- Neyveli Lignite Corporation Ltd, - India
- San Jose City I Power Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Sindya Power Generating Company Private Ltd
- Jorong Barutama Greston.PT - Indonesia
- Baramulti Group, Indonesia
- VISA Power Limited - India
- Uttam Galva Steels Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Georgia Ports Authority, United States
- Petrochimia International Co. Ltd.- Taiwan
- Planning Commission, India
- CNBM International Corporation - China
- Ceylon Electricity Board - Sri Lanka
- The State Trading Corporation of India Ltd
- Australian Commodity Traders Exchange
- Rashtriya Ispat Nigam Limited - India
- Directorate Of Revenue Intelligence - India
- Chamber of Mines of South Africa
- Jindal Steel & Power Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ambuja Cements Ltd - India
- Antam Resourcindo - Indonesia
- Riau Bara Harum - Indonesia
- Indo Tambangraya Megah - Indonesia
- Vedanta Resources Plc - India
- Kideco Jaya Agung - Indonesia
- Ministry of Transport, Egypt
- Cigading International Bulk Terminal - Indonesia
- Videocon Industries ltd - India
- Sical Logistics Limited - India
- Independent Power Producers Association of India
- Straits Asia Resources Limited - Singapore
- Port Waratah Coal Services - Australia
- Electricity Generating Authority of Thailand
- Price Waterhouse Coopers - Russia
- Coal and Oil Company - UAE
- Savvy Resources Ltd - HongKong
- Kepco SPC Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Sakthi Sugars Limited - India
- Posco Energy - South Korea
- Tata Chemicals Ltd - India
- Goldman Sachs - Singapore
- Kapuas Tunggal Persada - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Australian Coal Association
- Directorate General of MIneral and Coal - Indonesia
- Salva Resources Pvt Ltd - India
- MS Steel International - UAE
- Gujarat Electricity Regulatory Commission - India
- Aboitiz Power Corporation - Philippines
- Agrawal Coal Company - India
- CIMB Investment Bank - Malaysia
- Economic Council, Georgia
- Indian Energy Exchange, India
- IEA Clean Coal Centre - UK
- GN Power Mariveles Coal Plant, Philippines
- GMR Energy Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Malabar Cements Ltd - India
- Eastern Coal Council - USA
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