This report provides insights on petcoke pricing trends, government regulations on petcoke imports, domestic production capacities, detailed import data, and export statistics. It also includes a forward-looking analysis outlining the projected future of petcoke imports in India for the year CY2024.
The world’s operating coal fired power capacity has grown 11% since 2015, and global coal use and coal capacity reached an all time high in 2023. The global coal fleet grew by 48.4 gigawatts (GW), or 2%, in 2023 to a total of 2,130 GW, with China driving two-thirds of additions. Outside of China, the coal fleet also saw a small 4.7 GW uptick for the first time since 2019. Although new retirement plans and phaseout commitments continued to emerge, less coal capacity was retired in 2023 than in any other single year in more than a decade.
Recent fuel price volatility and the increasing prominence of renewables have altered the traditional dynamics between coal, hydropower, and gas generation in Asia. These developments have raised questions about the competitiveness and future of coal generation relative to hydropower and gas generation in key Asian markets. How does this impact the demand for each fuel and its seasonal consumption patterns? Will coal retain its traditional dominance, will gas displace it, or will renewables outpace both the fossil fuels?
The thermal coal market continues to be influenced by the supply disruption stemming from the bridge collapse in Baltimore, USA, which occurred two weeks ago. This disruption is driving up prices for coal from the USA and South Africa. Meanwhile, Russian coal prices are also increasing, albeit procurement opportunities are becoming scarce. On the other hand, Indonesia and Australian coal prices are experiencing a bearish outlook due to reduced procurement from India and China.
OTEKO coal terminal in Taman lowered its coal transshipment tariffs for Q2 2024 from 32-38 USD/t to 18-19 USD/t. However,...
Global coal trade has really picked up pace in recent months, and is now fully back to pre-Covid levels. In...
Over the past week, thermal coal quotations on the European market kept swinging in the range of 117-121 USD/t. The...
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