The Coal Hub
No Result
View All Result
  • Login
  • Premium Content
    • All
    • Climate & Technology
    • Coal Fired Generation
    • Coal Market Outlook
    • Coal Regions
    • Coal Trade
    • Economic Impact
    • Met / Coking Coal
    • Others
  • Blog
  • Events
  • Industry Links
    • Coal Consultants
    • Coal Industry Association
    • Coal Industry News
    • Coal Price & Market Information
    • Government Organisation
    • Think Tank
    • Coal Company
  • Newsletter
  • Videos
  • Other Hubs
    • EUROPEAN GAS HUB
    • GLOBAL LNG HUB
    • GLOBAL MARITIME HUB
  • Subscribe
  • My account
  • Login
SUBSCRIBE
  • Premium Content
    • All
    • Climate & Technology
    • Coal Fired Generation
    • Coal Market Outlook
    • Coal Regions
    • Coal Trade
    • Economic Impact
    • Met / Coking Coal
    • Others
  • Blog
  • Events
  • Industry Links
    • Coal Consultants
    • Coal Industry Association
    • Coal Industry News
    • Coal Price & Market Information
    • Government Organisation
    • Think Tank
    • Coal Company
  • Newsletter
  • Videos
  • Other Hubs
    • EUROPEAN GAS HUB
    • GLOBAL LNG HUB
    • GLOBAL MARITIME HUB
  • Subscribe
  • My account
  • Login
The Coal Hub
No Result
View All Result
Home Coal Demand

World coal market: brief overview – Week 6

Editor by Editor
2 years ago
min read2 min
World coal market brief overview
Share on FacebookShare on TwitterShare on Linkedin

Last week, the temporary suspension of coal shipments from the second-largest Colombian producer Cerrejon to the port of Puerto Bolivar as well as low temperatures in several European countries strengthened thermal coal indices in the EU over 67 USD/t.

RELATED POSTS

StableCoin

Russia considers launching stablecoins to settle export supply payments

3 days ago
World-coal-market

World coal market: brief overview

3 days ago
Global coal consumption: not dead (yet)?

Global coal consumption: not dead (yet)?

5 days ago

Blockade on the railway line by local residents curbed supply of Cerrejon coal to the port. Cerrejon, jointly owned by Glencore, Anglo American and BHP, exported 13.6 mio t in 2020 (-12.7 mio t or -48% y-o-y), which is the lowest level for the last 18 years due to the prolonged strike and quarantine restrictions during the pandemic.

The average daily temperature in Germany is 5-8 degrees below normal, which contributes to increase in coal burning at local coal-fired power plants. Nevertheless, the decline in gas indices on the TTF platform to 19.3 EUR/MWh (-7.40 EUR/MWh to peak values of 2021) owing to a temporary reduction in gas imports to Europe, as well as a further increase in the EU carbon prices to 39.3 EUR/t (+1.9 EUR/t or +5% to Jan 03,2021) in the medium term may put pressure on the coal quotes.

Heavy rains last week limited coal supplies to Richards Bay terminals, boosting South African coal prices to 89 USD/t. Coal stocks at Richards Bay terminals remained at 2.9 mio t (unchanged to Jan 03, 2021).

One of the largest mining companies in South Africa, Exxaro Resources, will limit new investment projects in the coal industry. The production volume of Exxaro Resources is 45 mio t of coal per year. Earlier, representatives of the South African company Safety Resources noted that the company’s strategy does not include the acquisition of additional coal assets after the purchase of the coal mines of South32. Another holding company, Anglo American, plans to sell all its thermal coal mines in South Africa by mid-2023.

Rising demand for Australian coal on part of Indian cement producers, which reduced purchases of South African coal due to high prices, strengthened the indices of material from Australia. However, the onset of the New Year holidays in China and in a number of Asia-Pacific countries lowered trading activity of market participants and may weaken the quotes in the short term.

According to the Central Electricity Authority of India, in January 2021 coal generation in the country reached 91.73 TWh (+10% year-on-year and +7% month-on-month) due to increased demand for electricity from households during the Indian parliamentary elections.

China’s largest energy group, SPIC, plans to launch an additional 15 GW of renewable energy generation capacities in 2021. The total capacity of the Group in 2020 was 176 GW, of which 29.61 GW – solar panels, 30.88 GW – wind power.

China’s Electricity Council (CEC) has recommended to increase coal imports in 2021 to cope with rising electricity demand as the country’s economy gradually recovers from the impact of COVID-19. CEC predicts that in 2021, China’s electricity consumption will increase by 6-7% compared to 2020.

Indonesian coal indices dropped last week as a result of a reduction in coal exports from Indonesia to China caused by heavy rains, a slowdown in the economic activity of Chinese generating enterprises – the largest consumers of Indonesian material amid public holidays.

Steel mills in a number of countries in the Asia-Pacific region reduced steel production amid the New Year holidays, which weakened the indices of metallurgical coal from Australia.

Source: CAA Analytics

Tweets by "CAA_Analytics"
Tags: Anglo AmericanCAA AnalyticsCerrejonRichard BaySouth Africa
Editor

Editor

Related Posts

StableCoin
Coal Demand

Russia considers launching stablecoins to settle export supply payments

3 days ago
World-coal-market
Coal Demand

World coal market: brief overview

3 days ago
Global coal consumption: not dead (yet)?
Coal Demand

Global coal consumption: not dead (yet)?

5 days ago
Coal-production-in-Kuzbass
Coal Demand

Coal production in Kuzbass down 8% in 2022

1 week ago
World-coal-market
Coal Demand

World coal market: brief overview

1 week ago
Russian-coal-imports
Coal Demand

China sharply increased Russian coal imports in 2022

2 weeks ago

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

No Result
View All Result

Trending Posts

Chinese coal production up 9% in 2022

Chinese coal production up 9% in 2022

January 20, 2023
World-coal-market

World coal market: brief overview

January 20, 2023
coal-EU

New trading firm Panem to supply Kazakh coal to EU

January 13, 2023

Recent Post

StableCoin

Russia considers launching stablecoins to settle export supply payments

February 3, 2023
World-coal-market

World coal market: brief overview

February 3, 2023
Pacific coal prices retain record premium over Europe

Pacific coal prices retain record premium over Europe

February 2, 2023
Global coal consumption: not dead (yet)?

Global coal consumption: not dead (yet)?

February 1, 2023
Coal-production-in-Kuzbass

Coal production in Kuzbass down 8% in 2022

February 1, 2023
World-coal-market

World coal market: brief overview

January 27, 2023

The Coal Hub is an online platform for sharing analysis and information about the global coal market  more info

Categories

  • Coal Market Outlook
  • Coal Trade
  • Met / Coking Coal
  • Coal Fired Generation
  • Coal Regions
  • Climate & Technology
  • Economic Impact

Recent Posts

Russia considers launching stablecoins to settle export supply payments

World coal market: brief overview

Pacific coal prices retain record premium over Europe

Energise your Friday!

Sign up to receive our weekly newsletter (each Friday) with new coal market reports, presentations & analysis.

By signing up, I agree to our TOS and Privacy Policy.

© 2020 TheCoalHub | All Rights Reserved

No Result
View All Result
  • Premium Content
    • All
    • Climate & Technology
    • Coal Fired Generation
    • Coal Market Outlook
    • Coal Regions
    • Coal Trade
    • Economic Impact
    • Met / Coking Coal
    • Others
  • Blog
  • Events
  • Industry Links
    • Coal Consultants
    • Coal Industry Association
    • Coal Industry News
    • Coal Price & Market Information
    • Government Organisation
    • Think Tank
    • Coal Company
  • Newsletter
  • Videos
  • Other Hubs
    • EUROPEAN GAS HUB
    • GLOBAL LNG HUB
    • GLOBAL MARITIME HUB
  • Subscribe
  • My account
  • Login

© 2020 TheCoalHub | All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Cookie settingsACCEPT
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT

Energise your Friday!

Interested in coal markets? Do you want our free email each FRIDAY with at least 3 new COAL reports & presentations?

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?