We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Monday, 11 January 21
MUTED COAL RECOVERY IN 2021 - BALTIC EXCHANGE
 Coal demand is expected to rebound in 2021
Medium-term outlook is less favourable although demand declines are expected to be subtle rather than dramatic
Coal carriers can look forward to a 26m-tonne increase in movements of the black rock by sea this year, although that increase springs off the lower baseline of pandemic-struck 2020.
Statistics from global energy analyst IEA put 2020 trade volumes at a 10% retraction, equivalent to around 150m tonnes - the largest drop ever - with seaborne coal trade hardest hit. In that context, the additional 26m tonnes predicted for 2021 is worthy of little celebration.
“The Covid-19 crisis has completely reshaped global coal markets. Before the pandemic, we expected a small rebound in coal demand in 2020, but we have since witnessed the largest drop in coal consumption since the Second World War,” said Keisuke Sadamori, the IEA’s director of energy markets and security. “The decline would have been even steeper without the strong economic rebound in China – the world’s largest coal consumer – in the second half of the year.”
All this comes on the top of a bumper year for global coal trade in 2019, when it reached its highest ever volume at 1,445m tonnes, a 0.8% increase from the previous year, with the vast majority of coal traded in 2019 - 92% and 1,331m tonnes - moved by sea. Countering this, exports in 2021 are expected to reach 1,323m tonnes this year. “This means that export volumes will remain well below the pre-Covid volumes,” said the IEA.
“Short-lived” rebound
In terms of demand, a rebound is expected this year, and while it is forecast to be “short-lived” there is “little sign that the world’s coal consumption is set to decline substantially in the coming years”, said the IEA. If the world economy recovers, global coal demand is expected to rise 2.6% in 2021. China, India and Southeast Asian economies account for most of the growth, but there could be surprise increases in coal consumption for the US and Europe – their first demand rises in nearly a decade.
“However, global coal demand in 2021 is still forecast to remain below 2019 levels and could be even lower if the report’s assumptions for the economic recovery, electricity demand or natural gas prices are not met,” cautioned the IEA.
The “short-lived” refers to the forecast that coal use will flatten out by 2025 at around 7.4 billion tonnes – although the IEA acknowledges that its 2025 forecast will need to be reviewed following the release of the Chinese government’s 14th Five-Year Plan. “Renewables are on track to surpass coal as the largest source of electricity in the world by 2025. And by that time, natural gas will likely have taken over coal as the second largest source of primary energy after oil,” said Sadamori.
The IEA expects the future of coal will largely be decided in Asia. China and India currently account for 65% of global coal demand, which rises to 75% if Japan, Korea, Taiwan and Southeast Asia are included. By 2025, ASEAN will become the third-largest coal-consuming region, surpassing the US and the EU.
Changing trade patterns
In its Coal 2020 report, released mid-December, the IEA also notes that the patterns of the international thermal coal trade are shifting. Traditionally, trade was characterised by two geographic basins: the Pacific Basin, where Japan and Korea were the top importers; and the Atlantic Basin, where European countries imported most of the traded coal. South Africa, and to a much lesser extent Russia, linked the two basins in coal trade. “This no longer portrays international coal trade patterns, as the Atlantic market has separated from Asian market,” says the IEA. “For instance, in 2019, the volume of coal imports in India were almost double EU import quantities, a clear indicator of a shift to Asia and the waning of Europe in international coal markets.”
For the US, a brief surge in demand brought about by higher natural gas prices and an expected pickup in coal demand this year does not materially improve the medium term prospects for coal. The IEA points out that big US mining companies are increasingly shifting away from thermal coal for power generation and focusing on metallurgical coal for iron and steel production, changing the demand pattern.
Another factor driving 2021 uncertainty is lower imports of Australian coal by China. In mid-December, China appeared to formalise what had been an unofficial ban on Australian coal exports. Wood Mackenzie noted that the action had been “implemented very effectively”, with total coal export volumes down to 0.4m tonnes in November 2020, from a usual range of between 6m and 10m tonnes a month. Australia has asked Beijing to clarify the situation and has warned that China would be breaching its commitments under WTO membership and in relation to the free trade agreements signed between the two nations if it has ordered its state-owned enterprises to boycott Australian coal, as state media reported in December.
Bringing together all the variables on the international coal trade, the IEA still forecasts a recovery this year, but is less optimistic about medium-term prospects. It is particularly edgy about the evolution of Chinese import policies and developments in India’s indigenous thermal coal production, questioning how those developments will impact future coal trade.
By Carly Fields
Source: Baltic Exchange
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Saturday, 16 January 21
SEABORNE TRADE IN STEAM COAL DECREASED BY 11.6% FROM 937 MILLION TONNES IN 2019 TO 828 MILLION TONNES IN 2020 - COAL IMPORTERS ASSOCIATION, GERMANY
According to preliminary calculations by the German Coal Importers Association (Verein der Kohlenimporteure e. V.), global hard coal production dec ...
Friday, 15 January 21
OVER US$50 BILLION IN GAS POWER PROJECTS AND LNG IMPORT FACILITIES AT RISK OF CANCELLATION IN BANGLADESH, PAKISTAN AND VIETNAM - IEEFA
Pakistan and Bangladesh have already cancelled tenders for LNG imports
Emerging markets such as Vietnam, Pakistan and Bangladesh tha ...
Friday, 15 January 21
VIETNAM'S EXTRAORDINARY ROOFTOP SOLAR SUCCESS DEALS ANOTHER BLOW TO THE REMAINING COAL PIPELINE - IEEFA
9.3 gigawatts peak of solar capacity, equal to 6 coal power plants, installed in less than a year
Vietnam’s solar power indust ...
Friday, 15 January 21
CHINA'S BENCHMARK POWER COAL PRICE EDGES UP - XINHUA
China’s benchmark power coal price rose slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...
Thursday, 14 January 21
KOREA MIDLAND POWER INVITED BIDS FOR AUSTRALIAN COAL FOR THREE YEARS SUPPLY
COALspot.com: Korea Midland Power Co. Ltd, issued an International tender for total 1,560,000 MT of Min.5,700 kcal/kg NCV coal of Australian Origin ...
|
|
|
Showing 666 to 670 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Sojitz Corporation - Japan
- Cement Manufacturers Association - India
- PTC India Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Xindia Steels Limited - India
- Jaiprakash Power Ventures ltd
- India Bulls Power Limited - India
- Straits Asia Resources Limited - Singapore
- Aditya Birla Group - India
- Australian Commodity Traders Exchange
- CIMB Investment Bank - Malaysia
- Merrill Lynch Commodities Europe
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Medco Energi Mining Internasional
- PNOC Exploration Corporation - Philippines
- Power Finance Corporation Ltd., India
- Ambuja Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- Indika Energy - Indonesia
- Marubeni Corporation - India
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Mines - Canada
- Billiton Holdings Pty Ltd - Australia
- Global Green Power PLC Corporation, Philippines
- Coalindo Energy - Indonesia
- IEA Clean Coal Centre - UK
- VISA Power Limited - India
- Bulk Trading Sa - Switzerland
- Karaikal Port Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Formosa Plastics Group - Taiwan
- Makarim & Taira - Indonesia
- Heidelberg Cement - Germany
- Kohat Cement Company Ltd. - Pakistan
- Bhoruka Overseas - Indonesia
- SMC Global Power, Philippines
- The Treasury - Australian Government
- Agrawal Coal Company - India
- Cigading International Bulk Terminal - Indonesia
- Kepco SPC Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- San Jose City I Power Corp, Philippines
- Meralco Power Generation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- South Luzon Thermal Energy Corporation
- Energy Link Ltd, New Zealand
- Lanco Infratech Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Therma Luzon, Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Oldendorff Carriers - Singapore
- PowerSource Philippines DevCo
- Vedanta Resources Plc - India
- Indian Energy Exchange, India
- Alfred C Toepfer International GmbH - Germany
- GAC Shipping (India) Pvt Ltd
- Independent Power Producers Association of India
- Iligan Light & Power Inc, Philippines
- Attock Cement Pakistan Limited
- Africa Commodities Group - South Africa
- Rashtriya Ispat Nigam Limited - India
- Ceylon Electricity Board - Sri Lanka
- Antam Resourcindo - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Edison Trading Spa - Italy
- Bukit Baiduri Energy - Indonesia
- Thiess Contractors Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Coastal Gujarat Power Limited - India
- Ministry of Transport, Egypt
- Grasim Industreis Ltd - India
- Siam City Cement PLC, Thailand
- Mjunction Services Limited - India
- Pendopo Energi Batubara - Indonesia
- Essar Steel Hazira Ltd - India
- London Commodity Brokers - England
- Bhushan Steel Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Energy Development Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Banpu Public Company Limited - Thailand
- MS Steel International - UAE
- Trasteel International SA, Italy
- Kapuas Tunggal Persada - Indonesia
- Economic Council, Georgia
- Borneo Indobara - Indonesia
- Barasentosa Lestari - Indonesia
- European Bulk Services B.V. - Netherlands
- Orica Mining Services - Indonesia
- Uttam Galva Steels Limited - India
- Asmin Koalindo Tuhup - Indonesia
- SN Aboitiz Power Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Bangladesh Power Developement Board
- Wood Mackenzie - Singapore
- Tamil Nadu electricity Board
- Parry Sugars Refinery, India
- Baramulti Group, Indonesia
- Global Business Power Corporation, Philippines
- GVK Power & Infra Limited - India
- SMG Consultants - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Metalloyd Limited - United Kingdom
- Wilmar Investment Holdings
- Electricity Generating Authority of Thailand
- Price Waterhouse Coopers - Russia
- Goldman Sachs - Singapore
- Ind-Barath Power Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Indonesian Coal Mining Association
- Planning Commission, India
- Karbindo Abesyapradhi - Indoneisa
- Samtan Co., Ltd - South Korea
- Directorate Of Revenue Intelligence - India
- Semirara Mining and Power Corporation, Philippines
- Deloitte Consulting - India
- Indian Oil Corporation Limited
- ICICI Bank Limited - India
- Globalindo Alam Lestari - Indonesia
- Kobexindo Tractors - Indoneisa
- Minerals Council of Australia
- TeaM Sual Corporation - Philippines
- Savvy Resources Ltd - HongKong
- Semirara Mining Corp, Philippines
- Posco Energy - South Korea
- Standard Chartered Bank - UAE
- Coal and Oil Company - UAE
- Mercuria Energy - Indonesia
- Petron Corporation, Philippines
- White Energy Company Limited
- Chettinad Cement Corporation Ltd - India
- Mintek Dendrill Indonesia
- Miang Besar Coal Terminal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Maheswari Brothers Coal Limited - India
- Gujarat Sidhee Cement - India
- Electricity Authority, New Zealand
- Bharathi Cement Corporation - India
- Dalmia Cement Bharat India
- Georgia Ports Authority, United States
- Eastern Energy - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Eastern Coal Council - USA
- Indogreen Group - Indonesia
- Central Electricity Authority - India
- Interocean Group of Companies - India
- Sakthi Sugars Limited - India
- Holcim Trading Pte Ltd - Singapore
- Salva Resources Pvt Ltd - India
- Thai Mozambique Logistica
- The University of Queensland
- Ministry of Finance - Indonesia
- Kumho Petrochemical, South Korea
- Meenaskhi Energy Private Limited - India
- Chamber of Mines of South Africa
- Madhucon Powers Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Orica Australia Pty. Ltd.
- Simpson Spence & Young - Indonesia
- Siam City Cement - Thailand
- Kideco Jaya Agung - Indonesia
- CNBM International Corporation - China
- ASAPP Information Group - India
- Jindal Steel & Power Ltd - India
- Sarangani Energy Corporation, Philippines
- Vizag Seaport Private Limited - India
- Leighton Contractors Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bhatia International Limited - India
- Sical Logistics Limited - India
- IHS Mccloskey Coal Group - USA
- Gujarat Electricity Regulatory Commission - India
- TNB Fuel Sdn Bhd - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Global Coal Blending Company Limited - Australia
- Carbofer General Trading SA - India
- Sindya Power Generating Company Private Ltd
- Directorate General of MIneral and Coal - Indonesia
- Latin American Coal - Colombia
- Central Java Power - Indonesia
- Parliament of New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Australian Coal Association
- Rio Tinto Coal - Australia
- Romanian Commodities Exchange
- McConnell Dowell - Australia
- Manunggal Multi Energi - Indonesia
- LBH Netherlands Bv - Netherlands
- Commonwealth Bank - Australia
- Larsen & Toubro Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Malabar Cements Ltd - India
- Intertek Mineral Services - Indonesia
- Singapore Mercantile Exchange
- Anglo American - United Kingdom
- Riau Bara Harum - Indonesia
- Renaissance Capital - South Africa
- Aboitiz Power Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- GMR Energy Limited - India
- Timah Investasi Mineral - Indoneisa
- New Zealand Coal & Carbon
- Star Paper Mills Limited - India
- Kaltim Prima Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- Mercator Lines Limited - India
- Altura Mining Limited, Indonesia
- Videocon Industries ltd - India
- Tata Chemicals Ltd - India
|
| |
| |
|
