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Friday, 07 May 21
INDONESIA'S THERMAL COAL EXPORTS IN 2020 DECREASED BY 13%; INDIA REMAINED THE TOP DESTINATION FOR INDONESIAN COAL - ASSOCARBONI
assocarboniAn increase in seaborne trade is forecast for 2022, driven by markets in Southeast Asia, where growing demand for coal from Bangladesh, the Philippines, Malaysia, Pakistan and Vietnam will keep import volumes high. China, Pakistan and Vietnam are the countries that contributed most to the growth in coal volumes during 2020, despite the pandemic.
 
Indonesia's thermal coal exports in 2020 decreased by 13%, reaching a volume of about 400 million tons, due to restrictions caused by the coronavirus pandemic that impacted global demand and all major coal producing countries, Assocarboni says in its latest report, 
 
India remained the top destination for Indonesian coal, and exports to China recorded a 102% year-on-year increase following bans on the import of Australian thermal coal into Chinese ports. Outside of these two key markets, all the other usual Indonesian coal importing countries (such as Vietnam, South Korea and Malaysia) recorded declines in 2020. 
 
For the next twenty years, the Ministry of Energy and Mineral Resources Indonesian has planned a 21% increase in coal production, for a volume of 678 million tons, but this additional tonnage will be used for its internal needs following the choice to support industry and power generation.
 
Australia's total coal exports fell 7% year-on-year in 2020, reaching a volume of 369.81 million tonnes, up from 396.43 million in 2019. In particular, thermal coal exports fell by 6%, reaching 198.74 million tons (212.48 million in 2019), mainly due to the Chinese ban on Australian imports in the fourth quarter of 2020. 
 
Metallurgical coal exports decreased by 7%, reaching to 171.08 million tons (183.96 million in 2019), with a decline that affected most of the main export destinations.
 
Russia's exports of thermal and metallurgical coal increased by about 1% on an annual basis, reaching a volume of 217 million tons, compared to 215 million in 2019. The higher volumes were as in previous years exported by sea, while around 24 million tons of coal were exported by rail, mainly destined for China and Europe. The production of Russian coal in 2020 decreased by 9% to 401.4 million tons.
Source: PRESS RELEASE ASSOCARBONI


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Saturday, 05 June 21
IT'S TIME FOR THE BIDEN ADMINISTRATION TO CHAMPION RENEWABLE ENERGY IN THE PHILIPPINES, NOT NUCLEAR OR FOSSIL GAS - IEEFA
Fossil gas and nuclear investments risk locking in costly, outdated infrastructure for the long-term   The United States has spent the ...


Friday, 04 June 21
NEW COAL-FIRED POWER PLANTS IN INDIA WILL BE ECONOMICALLY UNVIABLE - IEEFA
Coal capacity additions face major stranded asset risk Much of India’s 33 gigawatts (GW) of coal-fired power capacity currently under co ...


Thursday, 03 June 21
JUNE HBA IS HITTING ABOVE $100 AND SETTLED AT ITS HIGHEST SINCE OCTOBER 2020
COALspot.com: The Indonesia coal price reference for June 2021 settles at US$ 100.33 per ton FOB vessel.    The Indonesia coal pr ...


Wednesday, 02 June 21
INDONESIA RV WAS DOWN TO LOW/MID $20,000S DAY FOR PANAMAX/KAMSARMAX WITH DELIVERY S CHINA - BANCHERO COSTA
Panamax A softening week in the Pacific basin with rates under a downward pressure mainly caused by the oversupply of tonnage in the area, said ...


Wednesday, 02 June 21
EUROPEAN UNION'S IRON ORE IMPORTS - BANCHERO COSTA
The European Union (27) is currently the fourth largest importer of iron ore in the world, after China, Japan, and South Korea.   Euro ...


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