COALspot.com keeps you connected across the coal world
  • JUNE 2022 HBA FOR EXPORTS INCREASED BY 17.51% MOM, 104.36% YTM AND 222.84% YOY
  • JUNE 2022 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS FIXED AT US$ 323.91 A TON

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


WTI Crude Oil

BRENT Crude Oil

Search News
Latest CoalNews Headlines
Saturday, 26 June 21
COAL PRICES HIT DECADE HIGH DESPITE EFFORTS TO WEAN THE WORLD OFF CARBON - WSJ
Rebounding electricity usage and scanty rainfall in China have added fuel to the rally
 
Coal prices have climbed to their highest level in a decade, making the fuel a hot commodity in a year when governments are pledging reductions in carbon emissions.
 
A shortfall of natural gas, rebounding electricity usage and scanty rainfall in China have lifted demand for thermal coal. Supplies have been crimped by a closed mine in Colombia, flooding in Indonesia and Australia and distorted trade flows caused by a Chinese ban on Australian coal.
 
Prices for thermal coal—which power plants burn to boil water into steam, spin turbines and generate electricity—have more than doubled over the past year as a result. Coal delivered into northwest Europe earlier this month hit its highest price since November 2011, having climbed 64% in 2021. Prices for coal exported from Newcastle in Australia, most of which heads to Asia, have risen 56%, according to Argus Media.
 
Both coal-price benchmarks have outstripped gains in oil, copper and other commodity markets that are benefiting from a vaccine-fired burst of economic activity. The upswing in fuel markets is contributing to higher electricity prices in the U.S. and Europe. Central banks are grappling with a jump in inflation powered in part by rising raw-material costs, though highflying commodities such as lumber have lost steam of late.
 
The rally is a reminder that efforts to wean power systems off coal to limit planet-warming emissions are in their early stages, and may prove halting while the fuel competes with other energy sources. The world’s appetite for coal peaked in 2014 and is unlikely to return to pre-coronavirus levels, the International Energy Agency forecasts. But analysts say spurts of demand, coupled with a dearth of investment in new supplies, could lead to spells of higher prices.
 
Prices are expected to stay at elevated levels for several months, delivering a windfall for companies that held on to coal mines in the face of pressure from some investors to abandon them. Glencore PLC will be the chief beneficiary among big Western miners, according to UBS Group analyst Myles Allsop.
 
The U.K.-listed commodities giant has said it would run down its mines in Australia, South Africa and Latin America rather than divest them. BHP Group Ltd. , in contrast, is looking to exit thermal coal. Anglo American PLC this month spun off its South African coal business, shares of which have gained 48% since their debut in Johannesburg.
 
“Supply is shrinking and it’s probably shrinking faster than demand,” said Tom Price, head of commodities strategy at Liberum. “Everyone had turned their backs on these [thermal-coal mining] assets. Those companies that have clung on to them have made a small fortune on them in just the past few months.”
 
Analysts say the jump in European coal prices is most surprising because it has taken place alongside a surge in the continent’s market for carbon offsets. Prices for European Union emission allowances have shot up 69% to over €50 a metric ton, equivalent to about $60 a ton, and recently hit a series of all-time highs.
 
In theory, high offset prices should cool demand for thermal coal, which produces more than twice as much carbon per unit of electricity as gas. Instead, consumption has risen because gas and power prices have also jumped. That has made it less profitable to consume gas while boosting the appeal of coal and its sister fuel lignite.
 
Coal is hardly in ready supply, said Jake Horslen, editor of Argus’s Coal Daily International. Glencore’s Prodeco mine in Colombia, a big exporter to Europe, has been closed since spring 2020. Australian miners cut back last year and floods in the port city of Newcastle disrupted exports this March.
 
High prices in Asia, partly spurred by China’s decision to bar Australian coal over Canberra’s call for an international inquiry into the origins of Covid-19, have drawn cargoes away from the Atlantic and toward the Pacific.
 
In the long run, analysts say the outlook for coal producers is gloomy. Leaders at the Group of Seven summit this month said coal-fired power stations were the biggest source of greenhouse-gas emissions and pledged to double down on efforts to cut back on the fuel.
 
But for now, coal demand is back on the rise. German utilities are on course to produce 35% more power from coal and lignite in the first half than in the same period last year, according to Argus data.
 
Chinese import demand, meanwhile, has been boosted by a drought that knocked hydropower generation in Yunnan province.
Source: The Wall Street Journal
 
Appeared in the June 26, 2021, print edition as 'Coal Prices Reach a Decade High.'


If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Thursday, 31 March 22
CHINA'S COAL OUTPUT SET FOR MODERATE GROWTH IN 2022 - INDUSTRY BODY - REUTERS
China is expected to see its coal output to grow further in 2022 after hitting a record last year, an industry body forecast on Wednesday, as the c ...


Tuesday, 29 March 22
MEMR OF INDONESIA HAS FIXED COAL PRICE AT US$ 90 PER TONNE FOR DOMESTIC INDUSTRIES EXCEPT SMELTER INDUSTRIES; FOR PLN USD 70 IS APPLICABLE
Minister of Energy and Mineral Resources (ESDM) Arifin Tasrif has set the selling price of coal for domestic, industrial except metal processing an ...


Monday, 21 March 22
A FORCE MAJEURE TO BE RECKONED WITH - BALTIC EXCHANGE
Sanctions cause payment confusion This dispute in MUR Shipping BV v. RTI Ltd [2022] EWHC 467 (Comm) related to an owner’s purported exercis ...


Monday, 21 March 22
CHINA'S COAL OUTPUT UP 10.3 PCT IN FIRST TWO MONTHS - XINHUA
China’s raw coal output posted fast growth in the first two months of 2022, while coal imports continued to shrink, official data showed. ...


Tuesday, 15 March 22
INDUSTRY VETERANS & ORGANIZATIONS HONOURED WITH THE PRESTIGIOUS SHIPTEK INTERNATIONAL AWARDS 2022
Press Release: The 15th edition of the prestigious ShipTek International Conference & Awards 2022 concluded successfully from March 7th - 8th 2 ...


   2 3 4 5 6   
Showing 16 to 20 news of total 6550
News by Category
Popular News
 
Total Members : 27,851
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Sree Jayajothi Cements Limited - India
  • International Coal Ventures Pvt Ltd - India
  • Tata Chemicals Ltd - India
  • Port Waratah Coal Services - Australia
  • Bank of America
  • Bukit Baiduri Energy - Indonesia
  • Cigading International Bulk Terminal - Indonesia
  • Intertek Mineral Services - Indonesia
  • Bank of China, Malaysia
  • The State Trading Corporation of India Ltd
  • Goldman Sachs - Singapore
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Vale Mozambique
  • The India Cements Ltd
  • Panama Canal Authority
  • Makarim & Taira - Indonesia
  • TRAFIGURA, South Korea
  • Australian Commodity Traders Exchange
  • Larsen & Toubro Limited - India
  • Sinarmas Energy and Mining - Indonesia
  • Tamil Nadu electricity Board
  • Power Finance Corporation Ltd., India
  • Siam City Cement - Thailand
  • Wilmar Investment Holdings
  • Qatrana Cement - Jordan
  • Arutmin Indonesia
  • Bukit Asam (Persero) Tbk - Indonesia
  • Chamber of Mines of South Africa
  • Kobexindo Tractors - Indoneisa
  • Parry Sugars Refinery, India
  • GMR Energy Limited - India
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Mitsui
  • IOL Indonesia
  • HSBC - Hong Kong
  • Coal Orbis AG
  • Coastal Gujarat Power Limited - India
  • Adani Power Ltd - India
  • PowerSource Philippines DevCo
  • Coaltrans Conferences
  • CoalTek, United States
  • Core Mineral Indonesia
  • Mitsubishi Corporation
  • Coalindo Energy - Indonesia
  • Runge Indonesia
  • Alfred C Toepfer International GmbH - Germany
  • Barclays Capital - USA
  • Shenhua Group - China
  • OCBC - Singapore
  • Petron Corporation, Philippines
  • GHCL Limited - India
  • MEC Coal - Indonesia
  • Global Business Power Corporation, Philippines
  • Madhucon Powers Ltd - India
  • Thai Mozambique Logistica
  • Savvy Resources Ltd - HongKong
  • Timah Investasi Mineral - Indoneisa
  • Energy Development Corp, Philippines
  • San Jose City I Power Corp, Philippines
  • Jindal Steel & Power Ltd - India
  • ETA - Dubai
  • Indogreen Group - Indonesia
  • Indonesia Power. PT
  • PNOC Exploration Corporation - Philippines
  • Central Electricity Authority - India
  • EMO - The Netherlands
  • Sarangani Energy Corporation, Philippines
  • McKinsey & Co - India
  • TNB Fuel Sdn Bhd - Malaysia
  • JPower - Japan
  • Ince & co LLP
  • World Coal - UK
  • Moodys - Singapore
  • Freeport Indonesia
  • Rashtriya Ispat Nigam Limited - India
  • Jorong Barutama Greston.PT - Indonesia
  • Gupta Coal India Ltd
  • Petrochimia International Co. Ltd.- Taiwan
  • Inco-Indonesia
  • Medco Energi Mining Internasional
  • PetroVietnam
  • Permata Bank - Indonesia
  • Credit Suisse - India
  • TANGEDCO India
  • Shree Cement - India
  • SN Aboitiz Power Inc, Philippines
  • Infraline Energy - India
  • Banpu Public Company Limited - Thailand
  • Enel Italy
  • RBS Sempra - UK
  • Krishnapatnam Port Company Ltd. - India
  • Interocean Group of Companies - India
  • Kapuas Tunggal Persada - Indonesia
  • Lanco Infratech Ltd - India
  • Essar Steel Hazira Ltd - India
  • GNFC Limited - India
  • Vitol - Bahrain
  • Thomson Reuters GRC
  • KPCL - India
  • Mintek Dendrill Indonesia
  • India Bulls Power Limited - India
  • UBS Singapore
  • Riau Bara Harum - Indonesia
  • Thriveni
  • Parliament of New Zealand
  • Pinang Coal Indonesia
  • Malabar Cements Ltd - India
  • World Bank
  • Australian Coal Association
  • IBC Asia (S) Pte Ltd
  • Platts
  • CCIC - Indonesia
  • Bangkok Bank PCL
  • VISA Power Limited - India
  • Samsung - South Korea
  • Semirara Mining and Power Corporation, Philippines
  • Electricity Generating Authority of Thailand
  • The University of Queensland
  • Carbofer General Trading SA - India
  • Merrill Lynch Bank
  • Malco - India
  • SRK Consulting
  • Wood Mackenzie - Singapore
  • J M Baxi & Co - India
  • Britmindo - Indonesia
  • Straits Asia Resources Limited - Singapore
  • Jaiprakash Power Ventures ltd
  • London Commodity Brokers - England
  • SGS (Thailand) Limited
  • White Energy Company Limited
  • Pendopo Energi Batubara - Indonesia
  • Tata Power - India
  • Grasim Industreis Ltd - India
  • APGENCO India
  • Leighton Contractors Pty Ltd - Australia
  • IMC Shipping - Singapore
  • Petrosea - Indonesia
  • Borneo Indobara - Indonesia
  • Deloitte Consulting - India
  • Meenaskhi Energy Private Limited - India
  • Karbindo Abesyapradhi - Indoneisa
  • Bangladesh Power Developement Board
  • UOB Asia (HK) Ltd
  • Sojitz Corporation - Japan
  • Lafarge - France
  • Dalmia Cement Bharat India
  • Inspectorate - India
  • Trasteel International SA, Italy
  • Africa Commodities Group - South Africa
  • IHS Mccloskey Coal Group - USA
  • Singapore Mercantile Exchange
  • ANZ Bank - Australia
  • Standard Chartered Bank - UAE
  • The Treasury - Australian Government
  • Romanian Commodities Exchange
  • TeaM Sual Corporation - Philippines
  • Kohat Cement Company Ltd. - Pakistan
  • Karaikal Port Pvt Ltd - India
  • Japan Coal Energy Center
  • BRS Brokers - Singapore
  • Indo Tambangraya Megah - Indonesia
  • ASAPP Information Group - India
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Argus Media - Singapore
  • Tanito Harum - Indonesia
  • Global Coal Blending Company Limited - Australia
  • McConnell Dowell - Australia
  • Posco Energy - South Korea
  • Heidelberg Cement - Germany
  • TNPL - India
  • Renaissance Capital - South Africa
  • Ministry of Mines - Canada
  • Bahari Cakrawala Sebuku - Indonesia
  • Fearnleys - India
  • Kalimantan Lumbung Energi - Indonesia
  • Neyveli Lignite Corporation Ltd, - India
  • CESC Limited - India
  • BNP Paribas - Singapore
  • Therma Luzon, Inc, Philippines
  • Chettinad Cement Corporation Ltd - India
  • Directorate General of MIneral and Coal - Indonesia
  • Ind-Barath Power Infra Limited - India
  • Asia Cement - Taiwan
  • Kepco SPC Power Corporation, Philippines
  • LBH Netherlands Bv - Netherlands
  • Humpuss - Indonesia
  • OPG Power Generation Pvt Ltd - India
  • Antam Resourcindo - Indonesia
  • Toyota Tsusho Corporation, Japan
  • Georgia Ports Authority, United States
  • Xstrata Coal
  • Jatenergy - Australia
  • Salva Resources Pvt Ltd - India
  • Planning Commission, India
  • NTPC Limited - India
  • Ambuja Cements Ltd - India
  • Price Waterhouse Coopers - Russia
  • Russian Coal LLC
  • Aboitiz Power Corporation - Philippines
  • Coal India Limited
  • Electricity Authority, New Zealand
  • Merrill Lynch Commodities Europe
  • Vijayanagar Sugar Pvt Ltd - India
  • European Bulk Services B.V. - Netherlands
  • New Zealand Coal & Carbon
  • Bharathi Cement Corporation - India
  • Mjunction Services Limited - India
  • Attock Cement Pakistan Limited
  • Indian Energy Exchange, India
  • Mechel - Russia
  • Asian Development Bank
  • Maersk Broker
  • Independent Power Producers Association of India
  • Global Green Power PLC Corporation, Philippines
  • CIMB Investment Bank - Malaysia
  • Minerals Council of Australia
  • KPMG - USA
  • PLN - Indonesia
  • Miang Besar Coal Terminal - Indonesia
  • Peabody Energy - USA
  • Vizag Seaport Private Limited - India
  • Sical Logistics Limited - India
  • Orica Australia Pty. Ltd.
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Ministry of Transport, Egypt
  • Sindya Power Generating Company Private Ltd
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Eastern Coal Council - USA
  • Kumho Petrochemical, South Korea
  • Ceylon Electricity Board - Sri Lanka
  • Kartika Selabumi Mining - Indonesia
  • Central Java Power - Indonesia
  • SUEK AG - Indonesia
  • Orica Mining Services - Indonesia
  • AsiaOL BioFuels Corp., Philippines
  • MS Steel International - UAE
  • PTC India Limited - India
  • Mercator Lines Limited - India
  • Indorama - Singapore
  • Indonesian Coal Mining Association
  • Maybank - Singapore
  • Billiton Holdings Pty Ltd - Australia
  • Cebu Energy, Philippines
  • Formosa Plastics Group - Taiwan
  • Bhushan Steel Limited - India
  • Mitra SK Pvt Ltd - India
  • Reliance Power - India
  • Gresik Semen - Indonesia
  • Commonwealth Bank - Australia
  • bp singapore
  • Gujarat Sidhee Cement - India
  • Xindia Steels Limited - India
  • PetroVietnam Power Coal Import and Supply Company
  • Berau Coal - Indonesia
  • U S Energy Resources
  • Globalindo Alam Lestari - Indonesia
  • Platou - Singapore
  • Mercuria Energy - Indonesia
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Directorate Of Revenue Intelligence - India
  • DBS Bank - Singapore
  • Surastha Cement
  • South Luzon Thermal Energy Corporation
  • WorleyParsons
  • Barasentosa Lestari - Indonesia
  • Maruti Cements - India
  • Bhatia International Limited - India
  • Edison Trading Spa - Italy
  • Manunggal Multi Energi - Indonesia
  • Kideco Jaya Agung - Indonesia
  • Altura Mining Limited, Indonesia
  • GN Power Mariveles Coal Plant, Philippines
  • Uttam Galva Steels Limited - India
  • Agrawal Coal Company - India
  • Metalloyd Limited - United Kingdom
  • Deutsche Bank - India
  • Gujarat Mineral Development Corp Ltd - India
  • Marubeni Corporation - India
  • Economic Council, Georgia
  • Sakthi Sugars Limited - India
  • Aditya Birla Group - India
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • EIA - United States
  • Geoservices-GeoAssay Lab
  • Iligan Light & Power Inc, Philippines
  • Coeclerici Indonesia
  • Pipit Mutiara Jaya. PT, Indonesia
  • NALCO India
  • KEPCO - South Korea
  • Baramulti Group, Indonesia
  • Adaro Indonesia
  • Total Coal South Africa
  • Thailand Anthracite
  • IEA Clean Coal Centre - UK
  • SMC Global Power, Philippines
  • globalCOAL - UK
  • Gujarat Electricity Regulatory Commission - India
  • Glencore India Pvt. Ltd
  • SASOL - South Africa
  • Thiess Contractors Indonesia
  • Vedanta Resources Plc - India
  • SMG Consultants - Indonesia
  • Noble Europe Ltd - UK
  • PLN Batubara - Indonesia
  • ING Bank NV - Singapore
  • Meralco Power Generation, Philippines
  • Idemitsu - Japan
  • Indian School of Mines
  • Semirara Mining Corp, Philippines
  • Bulk Trading Sa - Switzerland
  • Coal and Oil Company - UAE
  • Binh Thuan Hamico - Vietnam
  • Anglo American - United Kingdom
  • Ernst & Young Pvt. Ltd.
  • GAC Shipping (India) Pvt Ltd
  • Bukit Makmur.PT - Indonesia
  • Cardiff University - UK
  • Siam City Cement PLC, Thailand
  • GB Group - China
  • KOWEPO - South Korea
  • GVK Power & Infra Limited - India
  • Cemex - Philippines
  • Star Paper Mills Limited - India
  • Maharashtra Electricity Regulatory Commission - India
  • Cosco
  • Indian Oil Corporation Limited
  • JPMorgan - India
  • Eastern Energy - Thailand
  • Sucofindo - Indonesia
  • Latin American Coal - Colombia
  • Kaltim Prima Coal - Indonesia
  • Energy Link Ltd, New Zealand
  • Simpson Spence & Young - Indonesia
  • CNBM International Corporation - China
  • ICICI Bank Limited - India
  • Clarksons - UK
  • Samtan Co., Ltd - South Korea
  • Cement Manufacturers Association - India
  • Asmin Koalindo Tuhup - Indonesia
  • Ministry of Finance - Indonesia
  • Holcim Trading Pte Ltd - Singapore
  • Rio Tinto Coal - Australia
  • Videocon Industries ltd - India
  • Maheswari Brothers Coal Limited - India
  • ACC Limited - India
  • Oldendorff Carriers - Singapore
  • Cargill India Pvt Ltd
  • Bhoruka Overseas - Indonesia
  • Bayan Resources Tbk. - Indonesia
  • Indika Energy - Indonesia
  • Arch Coal - USA
  • TGV SRAAC LIMITED, India
  • Thermax Limited - India
  • Kobe Steel Ltd - Japan
  • Rudhra Energy - India