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Tuesday, 27 September 22
14% INCREASE IN EUROPEAN COAL DEMAND TO BE SHORT-TERM TREND - WOOD MACKENZIE
 European seaborne thermal coal demand is projected to increase 14% or 12 million metric tonnes (Mt) this year to 98 Mt as it grapples with the current energy crisis. But this will be a short-lived bump and provide no significant opportunities to expand existing coal infrastructure, as global demand will continue to trend downward, say analysts at Wood Mackenzie, a Verisk business (Nasdaq: VRSK).
Adam Woods, Senior Research Analyst with Wood Mackenzie said: “With many European nations increasing thermal coal use, an additional nine gigawatts (GW) of coal-fired capacity has been made available to meet energy demands and make up for the decline in Russian energy imports. Coal prices are surging, but they are still more affordable than record-high gas prices. While this scenario has made for a slight resurgence, we believe that this will be a relatively short-term event and we do not see companies making major investments to increase infrastructure or long-term production.”
Wood Mackenzie estimates that of the additional 9 GW of coal capacity being made available, only 4.4 GW is in the market, while the rest will be used as an emergency backup in case of an electricity shortage – despite coal-fired power being more economic than natural gas.
The Queensland hard coking coal benchmark remains unnaturally lower than the Newcastle thermal coal price, spurring questions about metallurgical coal crossing over to the thermal market and providing an even cheaper alternative.
“Despite being classified as a coal and being cheaper than thermal coal at this moment, in general, most metallurgical coals do not make great fuels for power plants. Their coal qualities can be a hindrance, and at worst a detriment, to power plant operational efficiency. In our opinion, there will be no wholesale swaps between the two coal types. Though, subject to spot cargo availability, there will be limited options for certain metallurgical coals to crossover to the European import thermal coal market,” said Anthony Knutson, Principal Analyst, Coal.
Long-term, global thermal coal demand will continue to recede. Conversely, this recent bump in coal may speed up the change to renewables in Europe, as this current crisis has highlighted the need for energy security and independence.
Said Woods, “We expect higher European coal-fired generation to last until the middle of this decade. However, imported higher-quality coal generation will still be phased out completely by the end of the decade, although lower-quality domestic lignite generation could extend much further. The higher energy price outlook and supply security concerns make renewables more attractive. We think we will see an additional 35 GW of solar and 15 GW of wind by 2030 in Europe, driven by policy changes such as Germany’s doubling of its 2030 solar target to 205 GW from 100 GW.”
Source: Wood Mackenzie
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Tuesday, 04 October 22
INDONESIAN COAL PRICE REFERENCE SURGE AGAIN TO RECORD HIGH
COALspot.com: Indonesian Coal Price Reference reached another record high in October as Russia's war in Ukraine continues to spark a surge in c ...
Sunday, 02 October 22
MISC STRENGTHENS ITS PARTNERSHIP WITH SEARIVER MARITIME
MISC Berhad (MISC) today announced that its subsidiaries Polaris LNG Three Pte. Ltd. and Polaris LNG Four Pte. Ltd. have secured long-term time cha ...
Thursday, 29 September 22
MARKET INSIGHT - INTERMODAL
This week, focus turns to the 38th APPEC Conference, where leading professionals from the global oil industry will discuss the future key drivers o ...
Thursday, 29 September 22
HIGH COAL PRICES REMAIN A CONCERN FOR DOMESTIC NON-FERROUS METAL COMPANIES - ICRA
According to ICRA on Monday, the high price of coal will have a negative effect on the profitability of domestic non-ferrous metal companies that m ...
Friday, 23 September 22
CHINA DIGS DEEP TO RAISE COAL OUTPUT TO RECORD HIGH - REUTERS
China’s coal production has surged this year as the government seeks to improve energy security by reducing dependence on imports and amassin ...
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- Trasteel International SA, Italy
- Tamil Nadu electricity Board
- Timah Investasi Mineral - Indoneisa
- Price Waterhouse Coopers - Russia
- Eastern Energy - Thailand
- Kobexindo Tractors - Indoneisa
- Deloitte Consulting - India
- OPG Power Generation Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Mintek Dendrill Indonesia
- Australian Coal Association
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vedanta Resources Plc - India
- Salva Resources Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Sarangani Energy Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Indian Energy Exchange, India
- Bukit Asam (Persero) Tbk - Indonesia
- Kaltim Prima Coal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- MS Steel International - UAE
- Asmin Koalindo Tuhup - Indonesia
- Economic Council, Georgia
- Maheswari Brothers Coal Limited - India
- Altura Mining Limited, Indonesia
- Binh Thuan Hamico - Vietnam
- Thai Mozambique Logistica
- Indonesian Coal Mining Association
- Alfred C Toepfer International GmbH - Germany
- AsiaOL BioFuels Corp., Philippines
- Banpu Public Company Limited - Thailand
- Videocon Industries ltd - India
- Bhushan Steel Limited - India
- Electricity Authority, New Zealand
- CIMB Investment Bank - Malaysia
- Sindya Power Generating Company Private Ltd
- Rashtriya Ispat Nigam Limited - India
- Bukit Baiduri Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Petron Corporation, Philippines
- Eastern Coal Council - USA
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Iligan Light & Power Inc, Philippines
- Standard Chartered Bank - UAE
- Thiess Contractors Indonesia
- Sree Jayajothi Cements Limited - India
- Global Business Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- London Commodity Brokers - England
- Mercator Lines Limited - India
- ICICI Bank Limited - India
- PTC India Limited - India
- Heidelberg Cement - Germany
- Larsen & Toubro Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Mercuria Energy - Indonesia
- Sojitz Corporation - Japan
- Agrawal Coal Company - India
- Formosa Plastics Group - Taiwan
- Star Paper Mills Limited - India
- Kapuas Tunggal Persada - Indonesia
- GVK Power & Infra Limited - India
- India Bulls Power Limited - India
- Port Waratah Coal Services - Australia
- Tata Chemicals Ltd - India
- San Jose City I Power Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Electricity Generating Authority of Thailand
- Manunggal Multi Energi - Indonesia
- Ministry of Transport, Egypt
- Bhoruka Overseas - Indonesia
- Singapore Mercantile Exchange
- Sakthi Sugars Limited - India
- Miang Besar Coal Terminal - Indonesia
- Malabar Cements Ltd - India
- Directorate Of Revenue Intelligence - India
- Carbofer General Trading SA - India
- LBH Netherlands Bv - Netherlands
- South Luzon Thermal Energy Corporation
- Posco Energy - South Korea
- Meenaskhi Energy Private Limited - India
- Australian Commodity Traders Exchange
- Bayan Resources Tbk. - Indonesia
- Power Finance Corporation Ltd., India
- Orica Mining Services - Indonesia
- TeaM Sual Corporation - Philippines
- Bangladesh Power Developement Board
- Ceylon Electricity Board - Sri Lanka
- Orica Australia Pty. Ltd.
- Siam City Cement PLC, Thailand
- Planning Commission, India
- Wilmar Investment Holdings
- Neyveli Lignite Corporation Ltd, - India
- Pipit Mutiara Jaya. PT, Indonesia
- CNBM International Corporation - China
- The University of Queensland
- TNB Fuel Sdn Bhd - Malaysia
- Latin American Coal - Colombia
- Kumho Petrochemical, South Korea
- Vizag Seaport Private Limited - India
- Global Coal Blending Company Limited - Australia
- GMR Energy Limited - India
- Ambuja Cements Ltd - India
- Indo Tambangraya Megah - Indonesia
- Energy Link Ltd, New Zealand
- Borneo Indobara - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Kideco Jaya Agung - Indonesia
- IEA Clean Coal Centre - UK
- Holcim Trading Pte Ltd - Singapore
- Chettinad Cement Corporation Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Semirara Mining and Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Cigading International Bulk Terminal - Indonesia
- Antam Resourcindo - Indonesia
- IHS Mccloskey Coal Group - USA
- Goldman Sachs - Singapore
- Grasim Industreis Ltd - India
- Cement Manufacturers Association - India
- ASAPP Information Group - India
- Edison Trading Spa - Italy
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PowerSource Philippines DevCo
- Toyota Tsusho Corporation, Japan
- Bulk Trading Sa - Switzerland
- Wood Mackenzie - Singapore
- VISA Power Limited - India
- Georgia Ports Authority, United States
- Central Electricity Authority - India
- The Treasury - Australian Government
- Bank of Tokyo Mitsubishi UFJ Ltd
- Xindia Steels Limited - India
- Aditya Birla Group - India
- Lanco Infratech Ltd - India
- Africa Commodities Group - South Africa
- Meralco Power Generation, Philippines
- Riau Bara Harum - Indonesia
- Merrill Lynch Commodities Europe
- Central Java Power - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Medco Energi Mining Internasional
- Interocean Group of Companies - India
- Ministry of Mines - Canada
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bahari Cakrawala Sebuku - Indonesia
- Globalindo Alam Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Parliament of New Zealand
- The State Trading Corporation of India Ltd
- Independent Power Producers Association of India
- Minerals Council of Australia
- SMG Consultants - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Coal and Oil Company - UAE
- Anglo American - United Kingdom
- Ministry of Finance - Indonesia
- Marubeni Corporation - India
- Bukit Makmur.PT - Indonesia
- Samtan Co., Ltd - South Korea
- Makarim & Taira - Indonesia
- Semirara Mining Corp, Philippines
- Straits Asia Resources Limited - Singapore
- Attock Cement Pakistan Limited
- Rio Tinto Coal - Australia
- Madhucon Powers Ltd - India
- Barasentosa Lestari - Indonesia
- Renaissance Capital - South Africa
- Ind-Barath Power Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Indogreen Group - Indonesia
- International Coal Ventures Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Romanian Commodities Exchange
- Siam City Cement - Thailand
- Krishnapatnam Port Company Ltd. - India
- PNOC Exploration Corporation - Philippines
- Bhatia International Limited - India
- Parry Sugars Refinery, India
- Dalmia Cement Bharat India
- Global Green Power PLC Corporation, Philippines
- White Energy Company Limited
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Sidhee Cement - India
- New Zealand Coal & Carbon
- Coalindo Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Baramulti Group, Indonesia
- Indika Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Sical Logistics Limited - India
- Mjunction Services Limited - India
- Metalloyd Limited - United Kingdom
- European Bulk Services B.V. - Netherlands
- SMC Global Power, Philippines
- Oldendorff Carriers - Singapore
- Therma Luzon, Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Bharathi Cement Corporation - India
- Jaiprakash Power Ventures ltd
- Indian Oil Corporation Limited
- GAC Shipping (India) Pvt Ltd
- Energy Development Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- McConnell Dowell - Australia
- Chamber of Mines of South Africa
- Commonwealth Bank - Australia
- Coastal Gujarat Power Limited - India
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