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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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Thursday, 14 July 22
INDIA'S COAL IMPORTS HIT RECORD HIGH IN JUNE - REUTERS
India's coal imports hit a record high in June despite high global prices, data from three trade sources and Refinitiv ship tracking showed, as ...
Thursday, 14 July 22
CHINA'S JUNE COAL IMPORTS SLUMP AS TRADERS SHUN EXPENSIVE OVERSEAS CARGOES - REUTERS
China’s coal imports fell 33% in June from a year ago, with traders turning down expensive overseas cargoes in favor of domestic ones with ca ...
Wednesday, 13 July 22
KOWEPO TO IMPORT 2.79 MILLION TONS OF LOW TO MEDIUM COAL
COALspot.com: Korea Western Power Co., Ltd. (KOWEPO) has issued an International tender for Total 1360k MT of Min.4400 kcal/kg NCV coal and Total 1 ...
Wednesday, 13 July 22
HAVE MINERS MISSED THE BOAT TO INVEST AND GET AHEAD OF THE ENERGY TRANSITION? - WOOD MACKENZIE
Miners are in rude health, benefiting from economic stimuli, the post-pandemic recovery and associated supply constraints. Initially the Ukraine wa ...
Wednesday, 13 July 22
MARKET INSIGHT - INTERMODAL
Taking the previous market insight a step further, market sentiment remains bullish regarding the overall ROI of scrubbers, facing tailwinds from a ...
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- Aboitiz Power Corporation - Philippines
- Larsen & Toubro Limited - India
- Central Java Power - Indonesia
- Gujarat Sidhee Cement - India
- Global Green Power PLC Corporation, Philippines
- Port Waratah Coal Services - Australia
- Economic Council, Georgia
- Siam City Cement - Thailand
- Bulk Trading Sa - Switzerland
- Latin American Coal - Colombia
- Kohat Cement Company Ltd. - Pakistan
- Interocean Group of Companies - India
- Bhushan Steel Limited - India
- Georgia Ports Authority, United States
- Kaltim Prima Coal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- PNOC Exploration Corporation - Philippines
- Videocon Industries ltd - India
- Bayan Resources Tbk. - Indonesia
- Edison Trading Spa - Italy
- Bhoruka Overseas - Indonesia
- Electricity Generating Authority of Thailand
- Asmin Koalindo Tuhup - Indonesia
- Coal and Oil Company - UAE
- Madhucon Powers Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Maheswari Brothers Coal Limited - India
- Savvy Resources Ltd - HongKong
- Samtan Co., Ltd - South Korea
- Cigading International Bulk Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- Banpu Public Company Limited - Thailand
- VISA Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Global Business Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Eastern Energy - Thailand
- Indo Tambangraya Megah - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Heidelberg Cement - Germany
- Neyveli Lignite Corporation Ltd, - India
- White Energy Company Limited
- Kapuas Tunggal Persada - Indonesia
- Planning Commission, India
- The State Trading Corporation of India Ltd
- Makarim & Taira - Indonesia
- Wilmar Investment Holdings
- Karbindo Abesyapradhi - Indoneisa
- MS Steel International - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- London Commodity Brokers - England
- Ind-Barath Power Infra Limited - India
- Ministry of Transport, Egypt
- The Treasury - Australian Government
- CIMB Investment Bank - Malaysia
- Uttam Galva Steels Limited - India
- Thai Mozambique Logistica
- Wood Mackenzie - Singapore
- Kartika Selabumi Mining - Indonesia
- Eastern Coal Council - USA
- Indian Oil Corporation Limited
- Bangladesh Power Developement Board
- Sical Logistics Limited - India
- Rio Tinto Coal - Australia
- Barasentosa Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Indika Energy - Indonesia
- PTC India Limited - India
- Star Paper Mills Limited - India
- Alfred C Toepfer International GmbH - Germany
- Indian Energy Exchange, India
- Lanco Infratech Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Kepco SPC Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Vedanta Resources Plc - India
- Therma Luzon, Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Jaiprakash Power Ventures ltd
- Australian Coal Association
- Sindya Power Generating Company Private Ltd
- Manunggal Multi Energi - Indonesia
- Xindia Steels Limited - India
- Petron Corporation, Philippines
- Bhatia International Limited - India
- The University of Queensland
- Offshore Bulk Terminal Pte Ltd, Singapore
- Globalindo Alam Lestari - Indonesia
- Mercator Lines Limited - India
- Merrill Lynch Commodities Europe
- Africa Commodities Group - South Africa
- Jindal Steel & Power Ltd - India
- Anglo American - United Kingdom
- Intertek Mineral Services - Indonesia
- Kideco Jaya Agung - Indonesia
- Indogreen Group - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Meralco Power Generation, Philippines
- Sojitz Corporation - Japan
- Timah Investasi Mineral - Indoneisa
- New Zealand Coal & Carbon
- ICICI Bank Limited - India
- Chamber of Mines of South Africa
- Oldendorff Carriers - Singapore
- Chettinad Cement Corporation Ltd - India
- Deloitte Consulting - India
- Sarangani Energy Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Independent Power Producers Association of India
- Mercuria Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Medco Energi Mining Internasional
- GMR Energy Limited - India
- Directorate Of Revenue Intelligence - India
- GAC Shipping (India) Pvt Ltd
- SN Aboitiz Power Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Romanian Commodities Exchange
- Mjunction Services Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Essar Steel Hazira Ltd - India
- Renaissance Capital - South Africa
- Grasim Industreis Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Toyota Tsusho Corporation, Japan
- Agrawal Coal Company - India
- Energy Link Ltd, New Zealand
- Australian Commodity Traders Exchange
- Salva Resources Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Tamil Nadu electricity Board
- Altura Mining Limited, Indonesia
- Posco Energy - South Korea
- Bukit Makmur.PT - Indonesia
- Central Electricity Authority - India
- Kumho Petrochemical, South Korea
- SMC Global Power, Philippines
- Ceylon Electricity Board - Sri Lanka
- Kalimantan Lumbung Energi - Indonesia
- International Coal Ventures Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Bharathi Cement Corporation - India
- Malabar Cements Ltd - India
- Ambuja Cements Ltd - India
- Borneo Indobara - Indonesia
- Indonesian Coal Mining Association
- GVK Power & Infra Limited - India
- Trasteel International SA, Italy
- Singapore Mercantile Exchange
- Vizag Seaport Private Limited - India
- Ministry of Finance - Indonesia
- ASAPP Information Group - India
- Bukit Baiduri Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- CNBM International Corporation - China
- Metalloyd Limited - United Kingdom
- TeaM Sual Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Parliament of New Zealand
- Formosa Plastics Group - Taiwan
- Ministry of Mines - Canada
- Kobexindo Tractors - Indoneisa
- Parry Sugars Refinery, India
- Power Finance Corporation Ltd., India
- Dalmia Cement Bharat India
- Semirara Mining Corp, Philippines
- Sakthi Sugars Limited - India
- Siam City Cement PLC, Thailand
- McConnell Dowell - Australia
- IHS Mccloskey Coal Group - USA
- Antam Resourcindo - Indonesia
- Goldman Sachs - Singapore
- Carbofer General Trading SA - India
- SMG Consultants - Indonesia
- Coalindo Energy - Indonesia
- PowerSource Philippines DevCo
- Bank of Tokyo Mitsubishi UFJ Ltd
- Thiess Contractors Indonesia
- Energy Development Corp, Philippines
- Coastal Gujarat Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Commonwealth Bank - Australia
- LBH Netherlands Bv - Netherlands
- Price Waterhouse Coopers - Russia
- Orica Australia Pty. Ltd.
- Aditya Birla Group - India
- Baramulti Group, Indonesia
- Electricity Authority, New Zealand
- Straits Asia Resources Limited - Singapore
- Cement Manufacturers Association - India
- Marubeni Corporation - India
- Krishnapatnam Port Company Ltd. - India
- India Bulls Power Limited - India
- Orica Mining Services - Indonesia
- Sree Jayajothi Cements Limited - India
- IEA Clean Coal Centre - UK
- Meenaskhi Energy Private Limited - India
- Pendopo Energi Batubara - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Standard Chartered Bank - UAE
- South Luzon Thermal Energy Corporation
- Attock Cement Pakistan Limited
- AsiaOL BioFuels Corp., Philippines
- Minerals Council of Australia
- Tata Chemicals Ltd - India
- Binh Thuan Hamico - Vietnam
- Jorong Barutama Greston.PT - Indonesia
- Karaikal Port Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
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