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Friday, 29 July 22
GLOBAL COAL DEMAND IS SET TO RETURN TO ITS ALL-TIME HIGH IN 2022 - IEA
 The world’s consumption of coal is set to rise slightly in 2022, taking it back to the record level it reached nearly a decade ago, according to an IEA report published today, which notes that significant uncertainty hangs over the outlook for coal as a result of slowing economic growth and energy market turbulence.
Based on current economic and market trends, global coal consumption is forecast to rise by 0.7% in 2022 to 8 billion tonnes, assuming the Chinese economy recovers as expected in the second half of the year, the IEA’s July 2022 Coal Market Update says. This global total would match the annual record set in 2013, and coal demand is likely to increase further next year to a new all-time high.
The new report highlights the significant turmoil in coal markets in recent months, which has important implications for many countries where coal remains a key fuel for electricity generation and a range of industrial processes. At the same time, the world’s continued burning of large amounts of coal is heightening climate concerns, as coal is the largest single source of energy-related CO2 emissions.
Worldwide coal consumption rebounded by about 6% in 2021 as the global economy recovered rapidly from the initial shock of the Covid pandemic. That sharp rise contributed significantly to the largest ever annual increase in global energy-related CO2 emissions in absolute terms, putting them at their highest level in history.
Global coal demand is being propped up this year by rising natural gas prices, which have intensified gas-to-coal switching in many countries, as well as economic growth in India. Those factors are being partly offset by slowing economic growth in China and by the inability of some major coal producers to ramp up production.
Demand for coal in India has been strong since the start of 2022 and is expected to rise by 7% for the full year as the country’s economy grows and the use of electricity expands. In China, coal demand is estimated to have declined by 3% in the first half of 2022 as renewed Covid lockdowns in some cities slowed economic growth, but an expected increase in the second half of the year is likely to bring coal consumption for the full year back to the same levels as last year. China and India together consume double the amount of coal as the rest of the world combined, with China alone accounting for more than half the world’s demand.
Coal consumption in the European Union is expected to rise by 7% in 2022 on top of last year’s 14% jump. This is being driven by demand from the electricity sector where coal is increasingly being used to replace gas, which is in short supply and has experienced huge price spikes following Russia’s invasion of Ukraine. Several EU countries are extending the life of coal plants scheduled for closure, reopening closed plants or raising caps on their operating hours to reduce gas consumption. However, Europe only accounts for about 5% of global coal consumption.
As soaring natural gas prices have made coal more competitive in many markets, international coal prices have risen in turn, hitting three all-time peaks between October 2021 and May 2022. Sanctions and bans on Russian coal following Russia’s invasion of Ukraine have disrupted markets, and issues in other major exporters have contributed to supply shortages. With other coal producers facing constraints in replacing Russian output, prices on coal futures markets indicate that tight market conditions are expected to continue well into next year and beyond.
Source: IEA
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Friday, 18 November 22
REALITIES OF LOI LIABILITIES - BALTIC EXCHANGE
KNOWLEDGE TO ELEVATE
The cargo misdelivery claim in Trafigura Maritime Logistics Pte Ltd v. Clearlake Shipping Pte Ltd (Miracle Hope) [2022] E ...
Tuesday, 15 November 22
CHINA SEES RISING COAL STORAGE AMID SUPPLY PUSH - XINHUA
Coal stockpiles at China’s power plants have seen considerable increases, ensuring energy supply for the winter, the country’s energy r ...
Tuesday, 15 November 22
SEABORNE THERMAL COAL PRICES START TO EASE, BUT PROCESS IS UNEVEN - REUTERS
Prices for seaborne thermal coal have started to drop as fears of a winter energy crunch ease, but the rate of decline has varied across the differ ...
Thursday, 10 November 22
INDIA: THERMAL PLANTS HAVE ADEQUATE COAL STOCKS AT 25.6 MILLION TONNES, SAYS GOVT - IANS
The coal stock with domestic dry fuel-based power plants, as on October 31, was 25.6 million tonnes, the government said, adding that the availabil ...
Tuesday, 08 November 22
OUTLOOK ON CHINA’S WEAKENED BASIC MATERIALS SECTOR CLOUDED BY POLICY SWINGS - FITCH RATINGS
Fitch Ratings expects basic materials demand in China to improve qoq in 4Q22, driven by seasonally higher construction activity, solid infrastructu ...
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- Bhatia International Limited - India
- Power Finance Corporation Ltd., India
- TNB Fuel Sdn Bhd - Malaysia
- VISA Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Eastern Coal Council - USA
- Carbofer General Trading SA - India
- TeaM Sual Corporation - Philippines
- Therma Luzon, Inc, Philippines
- Madhucon Powers Ltd - India
- Timah Investasi Mineral - Indoneisa
- Anglo American - United Kingdom
- Kobexindo Tractors - Indoneisa
- Central Electricity Authority - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Business Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Grasim Industreis Ltd - India
- Kaltim Prima Coal - Indonesia
- Trasteel International SA, Italy
- Uttam Galva Steels Limited - India
- Metalloyd Limited - United Kingdom
- International Coal Ventures Pvt Ltd - India
- Videocon Industries ltd - India
- Sical Logistics Limited - India
- Price Waterhouse Coopers - Russia
- Bahari Cakrawala Sebuku - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kideco Jaya Agung - Indonesia
- Pendopo Energi Batubara - Indonesia
- PowerSource Philippines DevCo
- GMR Energy Limited - India
- Parliament of New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Baramulti Group, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Coal and Oil Company - UAE
- ASAPP Information Group - India
- Siam City Cement PLC, Thailand
- Parry Sugars Refinery, India
- Mercator Lines Limited - India
- PNOC Exploration Corporation - Philippines
- Attock Cement Pakistan Limited
- Singapore Mercantile Exchange
- Bhoruka Overseas - Indonesia
- McConnell Dowell - Australia
- Marubeni Corporation - India
- Kepco SPC Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Kartika Selabumi Mining - Indonesia
- ICICI Bank Limited - India
- Directorate Of Revenue Intelligence - India
- Coastal Gujarat Power Limited - India
- Wood Mackenzie - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Heidelberg Cement - Germany
- Global Green Power PLC Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Energy Link Ltd, New Zealand
- Formosa Plastics Group - Taiwan
- Indian Energy Exchange, India
- Riau Bara Harum - Indonesia
- Mercuria Energy - Indonesia
- Indian Oil Corporation Limited
- Edison Trading Spa - Italy
- Bayan Resources Tbk. - Indonesia
- SMG Consultants - Indonesia
- Australian Coal Association
- Oldendorff Carriers - Singapore
- Bharathi Cement Corporation - India
- Dalmia Cement Bharat India
- Central Java Power - Indonesia
- Aboitiz Power Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Iligan Light & Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- Tata Chemicals Ltd - India
- Makarim & Taira - Indonesia
- Wilmar Investment Holdings
- Straits Asia Resources Limited - Singapore
- GAC Shipping (India) Pvt Ltd
- European Bulk Services B.V. - Netherlands
- Ministry of Mines - Canada
- OPG Power Generation Pvt Ltd - India
- Mjunction Services Limited - India
- White Energy Company Limited
- Miang Besar Coal Terminal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Kumho Petrochemical, South Korea
- Indonesian Coal Mining Association
- Xindia Steels Limited - India
- Romanian Commodities Exchange
- Jaiprakash Power Ventures ltd
- Tamil Nadu electricity Board
- Gujarat Electricity Regulatory Commission - India
- Interocean Group of Companies - India
- LBH Netherlands Bv - Netherlands
- GN Power Mariveles Coal Plant, Philippines
- Savvy Resources Ltd - HongKong
- Electricity Generating Authority of Thailand
- Ministry of Transport, Egypt
- Binh Thuan Hamico - Vietnam
- Ambuja Cements Ltd - India
- Gujarat Sidhee Cement - India
- Semirara Mining Corp, Philippines
- Orica Mining Services - Indonesia
- Toyota Tsusho Corporation, Japan
- Indogreen Group - Indonesia
- Vedanta Resources Plc - India
- Indika Energy - Indonesia
- Aditya Birla Group - India
- India Bulls Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- Larsen & Toubro Limited - India
- Jindal Steel & Power Ltd - India
- Simpson Spence & Young - Indonesia
- IEA Clean Coal Centre - UK
- Global Coal Blending Company Limited - Australia
- Kalimantan Lumbung Energi - Indonesia
- Energy Development Corp, Philippines
- Port Waratah Coal Services - Australia
- Australian Commodity Traders Exchange
- Medco Energi Mining Internasional
- Sindya Power Generating Company Private Ltd
- Petron Corporation, Philippines
- Rio Tinto Coal - Australia
- Cement Manufacturers Association - India
- Leighton Contractors Pty Ltd - Australia
- London Commodity Brokers - England
- Altura Mining Limited, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Sakthi Sugars Limited - India
- Agrawal Coal Company - India
- Thai Mozambique Logistica
- Georgia Ports Authority, United States
- Chamber of Mines of South Africa
- The State Trading Corporation of India Ltd
- Commonwealth Bank - Australia
- Independent Power Producers Association of India
- Ind-Barath Power Infra Limited - India
- AsiaOL BioFuels Corp., Philippines
- Borneo Indobara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- The University of Queensland
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Siam City Cement - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Chettinad Cement Corporation Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- Meenaskhi Energy Private Limited - India
- Lanco Infratech Ltd - India
- Sarangani Energy Corporation, Philippines
- Coalindo Energy - Indonesia
- Minerals Council of Australia
- Samtan Co., Ltd - South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Posco Energy - South Korea
- Neyveli Lignite Corporation Ltd, - India
- New Zealand Coal & Carbon
- Standard Chartered Bank - UAE
- Goldman Sachs - Singapore
- South Luzon Thermal Energy Corporation
- Kohat Cement Company Ltd. - Pakistan
- Semirara Mining and Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Electricity Authority, New Zealand
- Thiess Contractors Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Globalindo Alam Lestari - Indonesia
- Manunggal Multi Energi - Indonesia
- Africa Commodities Group - South Africa
- The Treasury - Australian Government
- Latin American Coal - Colombia
- Kapuas Tunggal Persada - Indonesia
- Bhushan Steel Limited - India
- Mintek Dendrill Indonesia
- Bulk Trading Sa - Switzerland
- GVK Power & Infra Limited - India
- Merrill Lynch Commodities Europe
- Deloitte Consulting - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Finance - Indonesia
- IHS Mccloskey Coal Group - USA
- Cigading International Bulk Terminal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SMC Global Power, Philippines
- PTC India Limited - India
- Eastern Energy - Thailand
- Karaikal Port Pvt Ltd - India
- Economic Council, Georgia
- Banpu Public Company Limited - Thailand
- Planning Commission, India
- Bangladesh Power Developement Board
- San Jose City I Power Corp, Philippines
- Star Paper Mills Limited - India
- Renaissance Capital - South Africa
- Sojitz Corporation - Japan
- Essar Steel Hazira Ltd - India
- Vizag Seaport Private Limited - India
- Ceylon Electricity Board - Sri Lanka
- Sree Jayajothi Cements Limited - India
- Maheswari Brothers Coal Limited - India
- CNBM International Corporation - China
- Meralco Power Generation, Philippines
- Malabar Cements Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- MS Steel International - UAE
- SN Aboitiz Power Inc, Philippines
- Antam Resourcindo - Indonesia
- Orica Australia Pty. Ltd.
- Bukit Makmur.PT - Indonesia
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