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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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Recent News

Saturday, 11 September 21
CIL STEPS UP SUPPLY COAL TO POWER SECTOR; PER-DAY AVERAGE 20 PC HIGHER THAN LAST YEAR - PTI
State-owned CIL on Friday said it has stepped up the supply of coal to the power sector in the first eight days of the current month, with an avera ...


Saturday, 11 September 21
RECORD CHINESE COAL FUTURES SIGNAL NEED TO BOOST OUTPUT - REUTERS
China’s coal prices have climbed to a record high, signaling the need for more production in the short term, even as the government tries to ...


Saturday, 11 September 21
IN 2022, EIA EXPECTS U.S. COAL PRODUCTION TO INCREASE BY 47 MMST TO 648 MMST
U.S. Coal production accordng to EIA's forecast, totals 601 million short tons (MMst) in 2021, 66 MMst more than in 2020, EIA's Short-Term ...


Wednesday, 08 September 21
FITCH RATINGS RAISES THERMAL COAL PRICE ASSUMPTIONS ON TIGHT SUPPLY
Fitch Ratings has increased all its Qinhuangdao 5,500kcal/kg price assumptions and short- and medium-term Newcastle 6,000kcal/kg price assumptions ...


Wednesday, 08 September 21
COAL IS STILL KING; INDONESIAN COAL PRICE REFERENCE ABOVE $150 FOR FIRST TIME IN HISTORY
COALspot.com: The Indonesian Coal Price Reference rose dramatically from US$ 127.05 in February 2011, to a peak of US$ 150.03 in September 2021, be ...


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