U.S. Energy Information Administration’s Post

U.S. exports of thermal #coal to Asia and Africa surged in the first half of 2024, helping to drive overall U.S. coal exports (thermal and metallurgical) to 53 million short tons (MMst) from 49 MMst in the first half of 2023.  Exports of thermal coal from the United States to Asia increased by 19% (2.3 MMst) in the first half of 2024 compared with the same period in 2023. The increase was driven mainly by greater deliveries to India and China. India accounted for 57% of these exports to Asia in 2023 and continued to receive large amounts of U.S. thermal coal in the first half of 2024, led by industrial customers in the brickmaking sector. Chinese power companies accounted for most of the rest of the increase. https://lnkd.in/divBm-w8

Exports of thermal coal from the United States to Asia increased by 19% (2.3 MMst) in the first half of 2024 compared with the same period in 2023

India’s coal production jumped by 14.5% from a year earlier to 84.63 million tons in June, provisional government figures showed, as the world’s second-largest coal consumer presses ahead with a plan to boost domestic thermal coal output.   Last month, Coal India Ltd – which accounts for about 80% of all coal production in the country – saw its output rise to 63.10 million tons, up by 8.9% compared to June 2023. In addition, Indian companies and thermal power plants raised the volumes of coal stocks they held in…

So, the good news here is that the US domestic #coal consumption has decreased to about where things were in 1964, as the #energy sector shifts away from coal (about 70% of domestic consumption still goes to #power generation). On the other hand, actual coal production is UP, though, thanks to increased coal exports, primarily #metallurgical coal (for making #coke as part of the #steelmaking process), demand for which "for some strange reason" spiked in 2022. On the other other hand, one of our major coal export ports is #Baltimore, which......yeah. https://lnkd.in/eeHHj6d8

✨In an endeavor to bolster domestic coal production and mitigate the reliance on imports, plans are underway for the operation of 20 coal mines by the end of the current year. ✨This initiative not only aims to meet the surging power demand in India but also marks a strategic step towards reducing coal imports. ✨Anticipated to contribute an additional 100 million tonnes in coal production over the next three to four years, these coal blocks consist of seven from Coal India and three from Singareni Collieries Company Ltd. State-owned Coal India, a key player in the sector, holds a substantial share of over 80% in the domestic coal output, underscoring its pivotal role in the country's energy landscape. ✨The forecasted peak power demand in India is expected to exceed 400 GW by 2030, necessitating proactive measures to enhance coal production and address the escalating energy requirements effectively. ✨By ushering in these 20 operational coal mines, the nation aims to fortify its energy security and self-sufficiency while catering to the mounting power needs. ✨This strategic move not only aligns with the vision to reduce coal imports but also underscores the significant role of domestic coal production in ensuring a sustainable and resilient energy ecosystem for the country.  Equivaluesearch Saumitra Mondal #Finance #Energy #Analyst

International thermal coal prices reversed their bearish trend, showing a significant upward correction driven by higher demand for high CV coal. In contrast, low CV coal prices remained under pressure. Demand from China and India was limited to as-needed procurement. Supply distribution issues were noted in South Africa and Russia, impacting availability. European coal spot prices touched a three-month high, ranging between $118-119, supported by rising future contracts and geopolitical tensions. South African coal prices strengthened due to rising EU-delivered coal prices and increased demand from India. The scheduled shutdown of Transnet's Coal Line for maintenance also supported the price surge, with the SA 6000 NAR coal price jumping to $111 from $105 last week. Australian FOB 6000 NAR coal prices reached a two-month high at $135, driven by surged demand from China and India. China's coal demand decreased due to Typhoon Gaemi, which is expected to boost hydropower generation. Indian demand remained low due to the monsoon season, though interest in high CV coal from the USA increased. Indonesian high CV coal saw a slight price rise, while low CV coal declined. Russian coal availability is limited due to logistical issues and international sanctions, with prices rising to $115. The USA 6900 NAR CFR coal price also rose to $112 due to increased high CV coal demand.

Coal is most abundant Fuel in India with approx. ~150 Billion tons of proven high-ash low rank coal resources, mostly characterized as Sub-Bituminous followed by Bituminous and Lignite reserves unlike other Coals in World. Indian government aims for 100 Million Ton Coal Gasification by 2030, with investments worth over Rs. 4 trillion. Coal #Gasification will help in promoting utilisation of indigenous resources and substituting imports of Chemicals and Natural Gas. However, it is imperative to: 1) Select gasification technology as per the feedstock and anticipated End products. 2) Along with Carbon Content, Volatile Matter, Calorific Value – Ash Minerology is equally important in selection of appropriate Gasification technology for the selected Coal. 3) Ash composition (effect of constituents like SiO2, Al2O3, Fe203, MgO, CaO, TiO2, Na2 and….) and Ash Fusion temperature affect Ash Flow/ clinkerisation and play an important role in Gasifier operations. Open to Queries…Please share your comments https://lnkd.in/gENVAN9P #fossilfuels #carboncapture #decarbonization #atmanirbharbharat #selfreliance #coalindustry #steelindustry #chemicals Ministry of Steel - India GMDC Official Ministry of Coal - Official Coal India Limited #cleanenergyfuture #energytransition

The global thermal coal market is seeing mixed developments, with regional variations influencing prices and demand. In Asia, sluggish demand due to high stockpiles has been met with price competition from Indonesian suppliers, while China stabilizes its domestic coal prices through long-term contracts. India has reduced coal imports, relying more on domestic production, while South Africa's coal prices have declined amid weaker Indian demand. Europe’s coal inventories are rising due to Colombian imports, while Australian coal producers are adjusting operations to meet demand from China. These dynamics highlight the varying market conditions across regions. #CoalMarket #ThermalCoal #EnergyPrices #CoalDemand #GlobalEnergy #AsiaEnergy #EuropeEnergy #SouthAfrica #AustraliaCoal #ChinaEnergy #IndianEnergy #CommoditiesMarket #EnergyTrading https://lnkd.in/gz3nazqk

The global coal and energy markets witnessed significant developments over the past week. Notable shifts include a strategic move by Russian coal producers to bypass the Black Sea for exports, a decline in Pakistan’s cement demand affecting coal consumption, and India’s plan to shut down coal mines for the first time in history. Coal stockpiles in Europe surged, while South Africa reported an improvement in coal railings. Additionally, the thermal coal markets in Asia remained cautious due to high stockpiles, and China’s thermal coal imports rose on the back of a stronger yuan. These developments highlight the dynamic nature of the global energy landscape as countries respond to market demands and policy shifts. #EnergyMarkets #CoalIndustry #GlobalTrade #Sustainability #CoalExports #EnergyTransition #AsiaEnergy #EuropeanEnergy #EnergySecurity #CementIndustry #SouthAfricaEnergy #ChinaEnergy #CoalMarketUpdate

iEnergy: Monthly Coal Market Update (September 2024)   International thermal coal prices have displayed a general downward trend in September 2024, as key importers like India and China scaled back procurement due to ample stock levels. Global coal demand has been weighed down, particularly by reduced industrial activity. Indonesian coal prices demonstrated some strength following the Coaltrans Asia conference. Supply remained largely stable with minor disruptions, primarily in the USA, though these had no significant impact on pricing. By month-end, prices briefly rebounded, driven by geopolitical tensions and China’s economic stimulus announcements. However, the overall market remains weak MoM due to oversupply and subdued demand.   Listen to our Sr. Analyst-Coal & Coke Riya Vyas for the brief of coal market updates for September month.