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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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Sunday, 13 December 20
LONGSTANDING DOWNSIDE RISKS TO TRADE OUTLOOK - BALTIC EXCHANGE
The OECD has attempted to put a positive spin on the trade message emanating from its latest economic outlook, released last week.
The ...
Sunday, 13 December 20
INDONESIA COAL OUTPUT AT 514 MILLION TONNES THIS YEAR, 2021 TARGET UNCHANGED - REUTERS
Indonesia coal output in the period to Dec. 10 stood at 514.2 million tonnes, official data from the energy ministry’s website showed.
&n ...
Thursday, 10 December 20
MALAYSIA'S CIMB ANNOUNCES COAL FINANCING PHASE-OUT BY 2040 AS ASIA'S FOSSIL FUEL DIVESTMENT DRIVE ACCELERATES - IEEFA
The first emerging markets bank to announce a progressive coal exit policy
Malaysia’s CIMB Group Holdings (CIMB) has announced ...
Wednesday, 09 December 20
MARKET INSIGHT - INTERMODAL
Heading towards the end of a difficult year and with the entire planet under the shadow of the covid-19 virus, it is interesting to proceed with a ...
Tuesday, 08 December 20
MARKET ANALYSIS - ALLIED SHIPPING
It is now undisputed that oil consumption for 2020 will post a considerable drop, as demand for several petroleum products has plummeted since the ...
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- Binh Thuan Hamico - Vietnam
- London Commodity Brokers - England
- Medco Energi Mining Internasional
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Africa Commodities Group - South Africa
- Ministry of Mines - Canada
- Global Coal Blending Company Limited - Australia
- Sarangani Energy Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Oldendorff Carriers - Singapore
- Kobexindo Tractors - Indoneisa
- Metalloyd Limited - United Kingdom
- Chamber of Mines of South Africa
- Ministry of Transport, Egypt
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Maharashtra Electricity Regulatory Commission - India
- Cigading International Bulk Terminal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Renaissance Capital - South Africa
- Ceylon Electricity Board - Sri Lanka
- Wilmar Investment Holdings
- Sree Jayajothi Cements Limited - India
- Iligan Light & Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Formosa Plastics Group - Taiwan
- Ambuja Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- Economic Council, Georgia
- Semirara Mining and Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Bulk Trading Sa - Switzerland
- San Jose City I Power Corp, Philippines
- Coalindo Energy - Indonesia
- SMG Consultants - Indonesia
- Kartika Selabumi Mining - Indonesia
- SMC Global Power, Philippines
- Electricity Generating Authority of Thailand
- The Treasury - Australian Government
- VISA Power Limited - India
- Ind-Barath Power Infra Limited - India
- Salva Resources Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Coal and Oil Company - UAE
- Borneo Indobara - Indonesia
- India Bulls Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- Parliament of New Zealand
- Sinarmas Energy and Mining - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Agrawal Coal Company - India
- Videocon Industries ltd - India
- Price Waterhouse Coopers - Russia
- Leighton Contractors Pty Ltd - Australia
- Sindya Power Generating Company Private Ltd
- Tamil Nadu electricity Board
- Maheswari Brothers Coal Limited - India
- McConnell Dowell - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vizag Seaport Private Limited - India
- Tata Chemicals Ltd - India
- Directorate Of Revenue Intelligence - India
- Krishnapatnam Port Company Ltd. - India
- Aditya Birla Group - India
- Malabar Cements Ltd - India
- Attock Cement Pakistan Limited
- Orica Australia Pty. Ltd.
- Vedanta Resources Plc - India
- Mercator Lines Limited - India
- Rio Tinto Coal - Australia
- Siam City Cement PLC, Thailand
- Billiton Holdings Pty Ltd - Australia
- Planning Commission, India
- TNB Fuel Sdn Bhd - Malaysia
- Simpson Spence & Young - Indonesia
- Thiess Contractors Indonesia
- Banpu Public Company Limited - Thailand
- Wood Mackenzie - Singapore
- Essar Steel Hazira Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhoruka Overseas - Indonesia
- Bharathi Cement Corporation - India
- Jindal Steel & Power Ltd - India
- Aboitiz Power Corporation - Philippines
- MS Steel International - UAE
- Anglo American - United Kingdom
- PetroVietnam Power Coal Import and Supply Company
- Jorong Barutama Greston.PT - Indonesia
- Bukit Makmur.PT - Indonesia
- Barasentosa Lestari - Indonesia
- Kumho Petrochemical, South Korea
- Standard Chartered Bank - UAE
- Madhucon Powers Ltd - India
- Georgia Ports Authority, United States
- LBH Netherlands Bv - Netherlands
- European Bulk Services B.V. - Netherlands
- Indogreen Group - Indonesia
- Meenaskhi Energy Private Limited - India
- Eastern Coal Council - USA
- Indian Energy Exchange, India
- Edison Trading Spa - Italy
- Uttam Galva Steels Limited - India
- OPG Power Generation Pvt Ltd - India
- Siam City Cement - Thailand
- Jaiprakash Power Ventures ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Deloitte Consulting - India
- PTC India Limited - India
- Coastal Gujarat Power Limited - India
- GMR Energy Limited - India
- PNOC Exploration Corporation - Philippines
- Antam Resourcindo - Indonesia
- TeaM Sual Corporation - Philippines
- Sical Logistics Limited - India
- Port Waratah Coal Services - Australia
- Sakthi Sugars Limited - India
- White Energy Company Limited
- CIMB Investment Bank - Malaysia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Miang Besar Coal Terminal - Indonesia
- Gujarat Sidhee Cement - India
- PowerSource Philippines DevCo
- Goldman Sachs - Singapore
- Samtan Co., Ltd - South Korea
- The State Trading Corporation of India Ltd
- Makarim & Taira - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Lanco Infratech Ltd - India
- Interocean Group of Companies - India
- Carbofer General Trading SA - India
- Petrochimia International Co. Ltd.- Taiwan
- Alfred C Toepfer International GmbH - Germany
- CNBM International Corporation - China
- Orica Mining Services - Indonesia
- Karaikal Port Pvt Ltd - India
- Larsen & Toubro Limited - India
- Energy Link Ltd, New Zealand
- ASAPP Information Group - India
- Posco Energy - South Korea
- Australian Coal Association
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Indian Oil Corporation Limited
- Bhatia International Limited - India
- Romanian Commodities Exchange
- Kideco Jaya Agung - Indonesia
- Riau Bara Harum - Indonesia
- Toyota Tsusho Corporation, Japan
- New Zealand Coal & Carbon
- Singapore Mercantile Exchange
- Xindia Steels Limited - India
- Dalmia Cement Bharat India
- Bukit Baiduri Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Grasim Industreis Ltd - India
- Mercuria Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Trasteel International SA, Italy
- Intertek Mineral Services - Indonesia
- Mjunction Services Limited - India
- Merrill Lynch Commodities Europe
- Meralco Power Generation, Philippines
- Bangladesh Power Developement Board
- Eastern Energy - Thailand
- Central Java Power - Indonesia
- Mintek Dendrill Indonesia
- Sojitz Corporation - Japan
- Power Finance Corporation Ltd., India
- Rashtriya Ispat Nigam Limited - India
- Marubeni Corporation - India
- Parry Sugars Refinery, India
- IEA Clean Coal Centre - UK
- Kohat Cement Company Ltd. - Pakistan
- Straits Asia Resources Limited - Singapore
- Ministry of Finance - Indonesia
- GAC Shipping (India) Pvt Ltd
- Star Paper Mills Limited - India
- Thai Mozambique Logistica
- Manunggal Multi Energi - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Authority, New Zealand
- ICICI Bank Limited - India
- Commonwealth Bank - Australia
- Bhushan Steel Limited - India
- GVK Power & Infra Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Minerals Council of Australia
- Cement Manufacturers Association - India
- Latin American Coal - Colombia
- Asmin Koalindo Tuhup - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Petron Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Indonesian Coal Mining Association
- South Luzon Thermal Energy Corporation
- Energy Development Corp, Philippines
- Heidelberg Cement - Germany
- The University of Queensland
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- IHS Mccloskey Coal Group - USA
- Central Electricity Authority - India
- Altura Mining Limited, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Australian Commodity Traders Exchange
- Indika Energy - Indonesia
- Baramulti Group, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Chettinad Cement Corporation Ltd - India
- Therma Luzon, Inc, Philippines
- Independent Power Producers Association of India
- Indo Tambangraya Megah - Indonesia
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