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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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Friday, 23 September 22
EUROPEAN STEEL BUYERS SEEK DIRECTION IN VOLATILE MARKET - MEPS INTERNATIONAL
Demand for steel is slow to recover, after the summer break. Mill production costs continue to increase. Steel purchasers are uncertain about the f ...
Friday, 23 September 22
BUOYANT COAL INDUSTRY SEEKS WAYS TO STAY IN THE LONG-TERM ENERGY MIX - REUTERS
There’s no doubt that the global coal industry has been a major beneficiary of Russia’s invasion of Ukraine and the subsequent energy c ...
Friday, 23 September 22
MARKET INSIGHT - INTERMODAL
In view of the forthcoming winter, Europe is trying to escape from its energy (oil & gas) dependency from Russia to ensure energy abundance eve ...
Tuesday, 20 September 22
CHINA'S DAILY COAL OUTPUT HITS 3-MONTH LOW IN AUGUST ON RAINS, COVID CURBS - REUTERS
China’s daily coal output in August slipped to a three-month low as some mines in its biggest coal mining regions reduced operations or even ...
Tuesday, 20 September 22
CHINA COAL OUTPUT UP 8.1 PCT IN AUGUST - XINHUA
China’s raw coal output posted stable expansion in August, official data showed.
The country produced 370 million tonnes of ra ...
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- Bhoruka Overseas - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Orica Australia Pty. Ltd.
- Lanco Infratech Ltd - India
- Wood Mackenzie - Singapore
- Malabar Cements Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Binh Thuan Hamico - Vietnam
- Georgia Ports Authority, United States
- Iligan Light & Power Inc, Philippines
- Attock Cement Pakistan Limited
- Grasim Industreis Ltd - India
- The University of Queensland
- Jorong Barutama Greston.PT - Indonesia
- Jaiprakash Power Ventures ltd
- India Bulls Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Mines - Canada
- Edison Trading Spa - Italy
- Meralco Power Generation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Central Java Power - Indonesia
- Ambuja Cements Ltd - India
- Essar Steel Hazira Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- MS Steel International - UAE
- Agrawal Coal Company - India
- Therma Luzon, Inc, Philippines
- Sical Logistics Limited - India
- Energy Link Ltd, New Zealand
- Miang Besar Coal Terminal - Indonesia
- Africa Commodities Group - South Africa
- Vedanta Resources Plc - India
- Baramulti Group, Indonesia
- Mintek Dendrill Indonesia
- Rio Tinto Coal - Australia
- Commonwealth Bank - Australia
- Sojitz Corporation - Japan
- Globalindo Alam Lestari - Indonesia
- Bharathi Cement Corporation - India
- Semirara Mining and Power Corporation, Philippines
- Goldman Sachs - Singapore
- GVK Power & Infra Limited - India
- Thiess Contractors Indonesia
- Global Business Power Corporation, Philippines
- Renaissance Capital - South Africa
- Timah Investasi Mineral - Indoneisa
- Eastern Coal Council - USA
- Medco Energi Mining Internasional
- Banpu Public Company Limited - Thailand
- Ministry of Transport, Egypt
- South Luzon Thermal Energy Corporation
- PNOC Exploration Corporation - Philippines
- Aditya Birla Group - India
- TeaM Sual Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Videocon Industries ltd - India
- Tata Chemicals Ltd - India
- Simpson Spence & Young - Indonesia
- Central Electricity Authority - India
- Carbofer General Trading SA - India
- Mercator Lines Limited - India
- London Commodity Brokers - England
- PTC India Limited - India
- Kapuas Tunggal Persada - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Power Finance Corporation Ltd., India
- Parliament of New Zealand
- Kepco SPC Power Corporation, Philippines
- Wilmar Investment Holdings
- Energy Development Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Marubeni Corporation - India
- Orica Mining Services - Indonesia
- Coastal Gujarat Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Global Coal Blending Company Limited - Australia
- Coal and Oil Company - UAE
- Altura Mining Limited, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Merrill Lynch Commodities Europe
- Offshore Bulk Terminal Pte Ltd, Singapore
- IEA Clean Coal Centre - UK
- Krishnapatnam Port Company Ltd. - India
- The Treasury - Australian Government
- Cigading International Bulk Terminal - Indonesia
- Borneo Indobara - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Pendopo Energi Batubara - Indonesia
- CIMB Investment Bank - Malaysia
- CNBM International Corporation - China
- Indian Oil Corporation Limited
- European Bulk Services B.V. - Netherlands
- Indonesian Coal Mining Association
- Cement Manufacturers Association - India
- Independent Power Producers Association of India
- Kobexindo Tractors - Indoneisa
- Kumho Petrochemical, South Korea
- Straits Asia Resources Limited - Singapore
- Bukit Makmur.PT - Indonesia
- Standard Chartered Bank - UAE
- Semirara Mining Corp, Philippines
- PowerSource Philippines DevCo
- Indika Energy - Indonesia
- Romanian Commodities Exchange
- ICICI Bank Limited - India
- Manunggal Multi Energi - Indonesia
- Metalloyd Limited - United Kingdom
- Tamil Nadu electricity Board
- Mjunction Services Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Larsen & Toubro Limited - India
- Toyota Tsusho Corporation, Japan
- Heidelberg Cement - Germany
- Makarim & Taira - Indonesia
- Kartika Selabumi Mining - Indonesia
- ASAPP Information Group - India
- Antam Resourcindo - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bukit Baiduri Energy - Indonesia
- The State Trading Corporation of India Ltd
- Bayan Resources Tbk. - Indonesia
- Petron Corporation, Philippines
- Bulk Trading Sa - Switzerland
- OPG Power Generation Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Anglo American - United Kingdom
- GMR Energy Limited - India
- Mercuria Energy - Indonesia
- Dalmia Cement Bharat India
- Leighton Contractors Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
- Port Waratah Coal Services - Australia
- LBH Netherlands Bv - Netherlands
- AsiaOL BioFuels Corp., Philippines
- Savvy Resources Ltd - HongKong
- Gujarat Electricity Regulatory Commission - India
- Petrochimia International Co. Ltd.- Taiwan
- Economic Council, Georgia
- Indian Energy Exchange, India
- Oldendorff Carriers - Singapore
- Jindal Steel & Power Ltd - India
- McConnell Dowell - Australia
- Bangladesh Power Developement Board
- VISA Power Limited - India
- Bhatia International Limited - India
- Sindya Power Generating Company Private Ltd
- Gujarat Sidhee Cement - India
- Planning Commission, India
- White Energy Company Limited
- Deloitte Consulting - India
- Riau Bara Harum - Indonesia
- Ministry of Finance - Indonesia
- Sakthi Sugars Limited - India
- Indogreen Group - Indonesia
- SMG Consultants - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Mineral Development Corp Ltd - India
- Singapore Mercantile Exchange
- Asmin Koalindo Tuhup - Indonesia
- Formosa Plastics Group - Taiwan
- SN Aboitiz Power Inc, Philippines
- Xindia Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- Kaltim Prima Coal - Indonesia
- Vizag Seaport Private Limited - India
- Siam City Cement - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sarangani Energy Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
- Barasentosa Lestari - Indonesia
- Australian Coal Association
- Uttam Galva Steels Limited - India
- Latin American Coal - Colombia
- Directorate Of Revenue Intelligence - India
- Parry Sugars Refinery, India
- Interocean Group of Companies - India
- Samtan Co., Ltd - South Korea
- Siam City Cement PLC, Thailand
- Indo Tambangraya Megah - Indonesia
- Salva Resources Pvt Ltd - India
- Coalindo Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- New Zealand Coal & Carbon
- Australian Commodity Traders Exchange
- SMC Global Power, Philippines
- Maheswari Brothers Coal Limited - India
- Thai Mozambique Logistica
- Chettinad Cement Corporation Ltd - India
- Electricity Generating Authority of Thailand
- Directorate General of MIneral and Coal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bhushan Steel Limited - India
- IHS Mccloskey Coal Group - USA
- Eastern Energy - Thailand
- Aboitiz Power Corporation - Philippines
- Electricity Authority, New Zealand
- Madhucon Powers Ltd - India
- Meenaskhi Energy Private Limited - India
- Alfred C Toepfer International GmbH - Germany
- Ceylon Electricity Board - Sri Lanka
- Ind-Barath Power Infra Limited - India
- Karaikal Port Pvt Ltd - India
- Minerals Council of Australia
- Trasteel International SA, Italy
- Posco Energy - South Korea
- Billiton Holdings Pty Ltd - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Star Paper Mills Limited - India
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