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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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Monday, 12 September 22
COAL PRICE HIKE REMAINS DIFFICULT FOR CIL: CHAIRMAN TELLS ANALYSTS - PTI
Coal India on Thursday informed investors that increasing coal prices remains difficult in the current context when the economy is grappling with h ...
Friday, 09 September 22
GREECE WILL KEEP COAL-FIRED PLANTS RUNNING FOR LONGER AMID GAS CRISIS - REUTERS
Greece will keep seven coal-fired plants running for longer than previously planned as European countries adjust to a cut in gas flows coming from ...
Friday, 09 September 22
CHINA'S DROUGHT INTENSIFIES GLOBAL COAL SHORTAGE - REUTERS
China’s drought has sent coal prices surging as traders anticipate the lack of hydroelectric generation will force it to burn more coal to me ...
Thursday, 08 September 22
MOODY.S AFFIRMS ABM INVESTAMA'S B1 RATINGS FOLLOWING PLANNED MINORITY INVESTMENT IN COAL MINER; OUTLOOK STABLE
Moody's Investors Service has affirmed ABM Investama Tbk (P.T.)'s B1 corporate family rating (CFR), along with the B1 rating on its senior ...
Thursday, 08 September 22
MARKET INSIGHT - INTERMODAL
While the energy markets are historically stretched, Russian flows of crude oil are closely monitored as the oil trade is ultimately realigned. Mor ...
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Posco Energy - South Korea
- Samtan Co., Ltd - South Korea
- Xindia Steels Limited - India
- Independent Power Producers Association of India
- ASAPP Information Group - India
- Goldman Sachs - Singapore
- Krishnapatnam Port Company Ltd. - India
- Interocean Group of Companies - India
- Kobexindo Tractors - Indoneisa
- Kartika Selabumi Mining - Indonesia
- Petron Corporation, Philippines
- Parry Sugars Refinery, India
- Price Waterhouse Coopers - Russia
- Electricity Generating Authority of Thailand
- Sakthi Sugars Limited - India
- Videocon Industries ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhoruka Overseas - Indonesia
- Coal and Oil Company - UAE
- Trasteel International SA, Italy
- Essar Steel Hazira Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Lanco Infratech Ltd - India
- Carbofer General Trading SA - India
- ICICI Bank Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Sojitz Corporation - Japan
- GN Power Mariveles Coal Plant, Philippines
- Pendopo Energi Batubara - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bangladesh Power Developement Board
- Intertek Mineral Services - Indonesia
- Standard Chartered Bank - UAE
- Latin American Coal - Colombia
- Cement Manufacturers Association - India
- Pipit Mutiara Jaya. PT, Indonesia
- Oldendorff Carriers - Singapore
- Orica Mining Services - Indonesia
- Kumho Petrochemical, South Korea
- Straits Asia Resources Limited - Singapore
- Sree Jayajothi Cements Limited - India
- Edison Trading Spa - Italy
- Timah Investasi Mineral - Indoneisa
- Economic Council, Georgia
- Asmin Koalindo Tuhup - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- Chettinad Cement Corporation Ltd - India
- Global Coal Blending Company Limited - Australia
- Romanian Commodities Exchange
- Banpu Public Company Limited - Thailand
- Dalmia Cement Bharat India
- Indogreen Group - Indonesia
- IEA Clean Coal Centre - UK
- South Luzon Thermal Energy Corporation
- Indian Oil Corporation Limited
- Borneo Indobara - Indonesia
- Ministry of Transport, Egypt
- GMR Energy Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Australian Commodity Traders Exchange
- Alfred C Toepfer International GmbH - Germany
- Bhatia International Limited - India
- Kaltim Prima Coal - Indonesia
- CIMB Investment Bank - Malaysia
- Central Java Power - Indonesia
- Deloitte Consulting - India
- Uttam Galva Steels Limited - India
- Rashtriya Ispat Nigam Limited - India
- Gujarat Sidhee Cement - India
- Makarim & Taira - Indonesia
- Port Waratah Coal Services - Australia
- Merrill Lynch Commodities Europe
- Kapuas Tunggal Persada - Indonesia
- Simpson Spence & Young - Indonesia
- Star Paper Mills Limited - India
- Australian Coal Association
- LBH Netherlands Bv - Netherlands
- Heidelberg Cement - Germany
- Eastern Coal Council - USA
- CNBM International Corporation - China
- Semirara Mining Corp, Philippines
- Mercator Lines Limited - India
- Attock Cement Pakistan Limited
- Cigading International Bulk Terminal - Indonesia
- Chamber of Mines of South Africa
- MS Steel International - UAE
- Indian Energy Exchange, India
- Jindal Steel & Power Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Agrawal Coal Company - India
- Energy Development Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Coalindo Energy - Indonesia
- Siam City Cement - Thailand
- Ministry of Mines - Canada
- VISA Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Madhucon Powers Ltd - India
- PowerSource Philippines DevCo
- Singapore Mercantile Exchange
- Holcim Trading Pte Ltd - Singapore
- Aboitiz Power Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Eastern Energy - Thailand
- Minerals Council of Australia
- Sarangani Energy Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Renaissance Capital - South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PTC India Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- The University of Queensland
- Global Business Power Corporation, Philippines
- Malabar Cements Ltd - India
- Therma Luzon, Inc, Philippines
- Marubeni Corporation - India
- Commonwealth Bank - Australia
- San Jose City I Power Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- IHS Mccloskey Coal Group - USA
- Meralco Power Generation, Philippines
- Mintek Dendrill Indonesia
- Kideco Jaya Agung - Indonesia
- Georgia Ports Authority, United States
- Ambuja Cements Ltd - India
- SMC Global Power, Philippines
- Wood Mackenzie - Singapore
- International Coal Ventures Pvt Ltd - India
- Bhushan Steel Limited - India
- London Commodity Brokers - England
- Jaiprakash Power Ventures ltd
- Savvy Resources Ltd - HongKong
- AsiaOL BioFuels Corp., Philippines
- Sinarmas Energy and Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Parliament of New Zealand
- Maheswari Brothers Coal Limited - India
- Indo Tambangraya Megah - Indonesia
- Medco Energi Mining Internasional
- Mjunction Services Limited - India
- Directorate Of Revenue Intelligence - India
- Karaikal Port Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Kalimantan Lumbung Energi - Indonesia
- Salva Resources Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- TeaM Sual Corporation - Philippines
- The Treasury - Australian Government
- Indonesian Coal Mining Association
- India Bulls Power Limited - India
- Rio Tinto Coal - Australia
- Energy Link Ltd, New Zealand
- Tamil Nadu electricity Board
- Ceylon Electricity Board - Sri Lanka
- Coastal Gujarat Power Limited - India
- Siam City Cement PLC, Thailand
- Bharathi Cement Corporation - India
- Electricity Authority, New Zealand
- Formosa Plastics Group - Taiwan
- Altura Mining Limited, Indonesia
- White Energy Company Limited
- PNOC Exploration Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Iligan Light & Power Inc, Philippines
- Vizag Seaport Private Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Central Electricity Authority - India
- SMG Consultants - Indonesia
- Meenaskhi Energy Private Limited - India
- GVK Power & Infra Limited - India
- The State Trading Corporation of India Ltd
- Miang Besar Coal Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- OPG Power Generation Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Riau Bara Harum - Indonesia
- Aditya Birla Group - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Baiduri Energy - Indonesia
- Antam Resourcindo - Indonesia
- European Bulk Services B.V. - Netherlands
- Mercuria Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sindya Power Generating Company Private Ltd
- Sical Logistics Limited - India
- Bukit Makmur.PT - Indonesia
- Power Finance Corporation Ltd., India
- McConnell Dowell - Australia
- Thiess Contractors Indonesia
- Wilmar Investment Holdings
- Larsen & Toubro Limited - India
- Directorate General of MIneral and Coal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Leighton Contractors Pty Ltd - Australia
- Bulk Trading Sa - Switzerland
- Baramulti Group, Indonesia
- Grasim Industreis Ltd - India
- Tata Chemicals Ltd - India
- Thai Mozambique Logistica
- New Zealand Coal & Carbon
- Binh Thuan Hamico - Vietnam
- Planning Commission, India
- Ministry of Finance - Indonesia
- Manunggal Multi Energi - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Global Green Power PLC Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Vedanta Resources Plc - India
- Anglo American - United Kingdom
- Indika Energy - Indonesia
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