COALspot.com keeps you connected across the coal world
  • AUGUST 2022 INDONESIAN COAL PRICE REFERENCE FOR DOMESTIC INDUSTRIES EXCEPT SMELTER FIXED AT US$ 90 A TON
  • AUGUST 2022 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS FIXED AT US$ 321.59 A TON
  • AUGUST 2022 INDONESIAN COAL PRICE REFERENCE FOR DOMESTIC POWER PLANTS FIXED AT US$ 70.00 A TON
  • AUGUST 2022 HBA FOR EXPORTS INCREASED BY 0.81% MOM, 102.90% YTM AND 145.51 YOY

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

Tuesday, 25 May 21
CHINA’S COAL OUTPUT RISES IN FIRST FOUR MONTHS - XINHUA
China’s raw coal output rose 11.1 percent year on year to 1.29 billion tonnes in the first four months of 2021, official data showed. &nb ...


Tuesday, 25 May 21
MARINE SHIPPERS BULK UP: ANOTHER GAME OF CHICKEN IN THE WORKS? - THE KOREA TIMES
Global shipping companies have been placing orders for large ships, with many anticipating further increased competition within the next three year ...


Friday, 21 May 21
MARKET INSIGHT - INTERMODAL
The dry bulk market’s counter seasonal surge so far into the first half of the year -in a sort of 2010 manner - and Capesize’s recent r ...


Wednesday, 12 May 21
U.S. COAL PRODUCTION TO INCREASE BY 43 MMST IN 2021 TOTAL 582 MILLION SHORT TONS - EIA
U.S. energy Information Administration expects U.S. coal production to total 582 million short tons (MMst) in 2021, 43 MMst (8%) more than in 2020. ...


Wednesday, 12 May 21
MARKET INSIGHT - INTERMODAL
Tanker S&P is finally back! For an extended period, Dry bulk & Wet market rates have been diverging, with the SnP deals on each sect ...


   61 62 63 64 65   
Showing 311 to 315 news of total 6603
News by Category
Popular News
 
Total Members : 27,896
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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