We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Wednesday, 11 April 18
US-CHINA TARIFF THREATS RAISE GLOBAL TRADE RISKS - FITCH
 Escalating tariff proposals by the U.S. and Chinese governments are increasing the risks of a full-blown trade war, says Fitch Ratings. The most likely outcome remains a negotiated solution to U.S.-China trade tensions that has limited effect on the near-term growth outlook in both countries and leaves Fitch’s base case global macroeconomic forecasts intact. However, the risk of a more material impact is growing.
Tariff proposals by the U.S. and Chinese governments last week marked an escalation in protectionist rhetoric between the world’s two largest economies. China proposed levying retaliatory tariffs against $50 billion in U.S. products and U.S. President Donald Trump stated that he was considering additional tariffs on a further $100 billion in Chinese goods to the $50 billion he had initially proposed on March 22.
China is reported to have signaled that it would respond further to such action. Whether this would come in the form of retaliatory tariffs non-tariff protectionist measures or a combination remains to be seen. The U.S. exported $187 billion in goods and services to China in 2017, according to the U.S. Bureau of Economic Analysis. By means of illustration, $150 billion in exports is equivalent to 0.8% of U.S. GDP and 1.3% of China’s GDP. The direct impact of tariffs of 25% on trade flows of this size would be 0.2% of U.S. GDP and 0.3% of China’s.
The potential for trade protectionism to negatively affect the U.S. and China’s growth outlook is rising with every incremental escalation in tariff rhetoric, which could lead to a full-blown trade war. Fitch outlined the potential risks of a global trade war instigated by hypothetical across-the-board U.S. tariffs imposed against key trading partners in a scenario report published last year.
We maintain that this would be an extreme scenario, but the implications of such a wide-ranging tariff war would be significant. Both the U.S. and China would see GDP reduced by over two percentage points from the base line after two years with China being more affected. Other major economies including the Eurozone, Japan and the UK would see lesser negative effects but still see growth deceleration.
Market reaction to rising uncertainty could pose macroeconomic risks even before the tariffs’ actual implementation. A significant Chinese yuan depreciation, for example, would likely cause a shock to global markets and potentially affect investment and global trade flows.
For now, the specific proposals of $50 billion of tariffs from both countries are targeted as opposed to across-the-board and small relative to the overall size of their respective economies. Should they be implemented as proposed, we believe that the direct macroeconomic effects on trade, growth and confidence, both globally and for the U.S. and China, would be limited. We continue to forecast for U.S. GDP growth to accelerate this year to 2.7%, with the short-term economic outlook improving alongside loose fiscal policy, wage growth and improved investment. Individual sectors could be affected by the implementation of targeted tariffs though, even if the overall macroeconomic outlook is broadly unchanged.
Importantly, no U.S.-China tariffs have been implemented yet. The U.S.’ initially proposed $50 billion in tariffs are subject to a consultation process so the earliest tariffs are likely to come into effect are the end of May or early June. As such, the tariff proposals may well be part of diplomatic positioning for negotiations and may never come into effect should a mutually agreeable deal be reached that addresses U.S. concerns over the bilateral economic relationship.
Source: Fitch Ratings
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Tuesday, 05 June 18
SOUTH KOREA'S SULPHUR CAP ALTERS ASIAN COAL MARKET DYNAMICS: RUSSELL
South Korea’s imposition of a strict sulphur cap on its imported coal is likely to cause ripples across Asia’s markets for the pollutin ...
Tuesday, 05 June 18
THINGS STILL LOOK TO BE PROMISING FOR THE DRY BULK MARKET OVER THE NEXT COUPLE OF MONTHS - GEORGE LAZARIDIS
Just as we thought the world was calming back down to reason, worries and frictions regarding global trade resurfaced this past week after a series ...
Tuesday, 05 June 18
INDONESIAN COAL PRICE REFERENCE IS GOING UP AGAIN
COALspot.com: According to latest ministerial decree No. 1857 K/30/MEM/2018 dated 4 June 2018, the Indonesian Coal Price Reference (HBA) up 7.91 pe ...
Saturday, 02 June 18
HOW CARBON UTILISATION WILL BE A KEY STEP IN INDIA'S CLIMATE STRATEGY - BENJAMIN SPORTON
For India, energy remains the key driver of growth, not only from an economic perspective but more importantly for accelerating social development. ...
Thursday, 31 May 18
SUPRAMAX: INDO/CHINA COAL RV IS GETTING FIXED AROUND $13K DELIVERY SINGAPORE - FEARNLEYS
Capesize
The Cape market has been on a downward trend for the past week.
According to Fearnleys, Oslo based broker, Brazil market ...
|
|
|
Showing 1706 to 1710 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- GAC Shipping (India) Pvt Ltd
- Bhatia International Limited - India
- CNBM International Corporation - China
- Larsen & Toubro Limited - India
- Global Business Power Corporation, Philippines
- India Bulls Power Limited - India
- Electricity Generating Authority of Thailand
- European Bulk Services B.V. - Netherlands
- Deloitte Consulting - India
- Energy Link Ltd, New Zealand
- Power Finance Corporation Ltd., India
- Gujarat Sidhee Cement - India
- LBH Netherlands Bv - Netherlands
- TeaM Sual Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- SMG Consultants - Indonesia
- Kobexindo Tractors - Indoneisa
- The University of Queensland
- Tata Chemicals Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
- Xindia Steels Limited - India
- The Treasury - Australian Government
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Asam (Persero) Tbk - Indonesia
- Aditya Birla Group - India
- Vizag Seaport Private Limited - India
- Parliament of New Zealand
- Carbofer General Trading SA - India
- Intertek Mineral Services - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Parry Sugars Refinery, India
- Kepco SPC Power Corporation, Philippines
- Anglo American - United Kingdom
- Binh Thuan Hamico - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- Global Green Power PLC Corporation, Philippines
- Latin American Coal - Colombia
- Rio Tinto Coal - Australia
- Indian Oil Corporation Limited
- Coalindo Energy - Indonesia
- Georgia Ports Authority, United States
- Ambuja Cements Ltd - India
- Savvy Resources Ltd - HongKong
- Kalimantan Lumbung Energi - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Straits Asia Resources Limited - Singapore
- Siam City Cement PLC, Thailand
- International Coal Ventures Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- Mintek Dendrill Indonesia
- White Energy Company Limited
- Tamil Nadu electricity Board
- Central Java Power - Indonesia
- Uttam Galva Steels Limited - India
- Leighton Contractors Pty Ltd - Australia
- Thiess Contractors Indonesia
- MS Steel International - UAE
- SN Aboitiz Power Inc, Philippines
- McConnell Dowell - Australia
- Grasim Industreis Ltd - India
- Baramulti Group, Indonesia
- VISA Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Posco Energy - South Korea
- Mjunction Services Limited - India
- Ceylon Electricity Board - Sri Lanka
- Eastern Coal Council - USA
- Directorate Of Revenue Intelligence - India
- Indika Energy - Indonesia
- Standard Chartered Bank - UAE
- Bhoruka Overseas - Indonesia
- Ministry of Finance - Indonesia
- Borneo Indobara - Indonesia
- San Jose City I Power Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Bayan Resources Tbk. - Indonesia
- Meralco Power Generation, Philippines
- Formosa Plastics Group - Taiwan
- Energy Development Corp, Philippines
- New Zealand Coal & Carbon
- Samtan Co., Ltd - South Korea
- Essar Steel Hazira Ltd - India
- Commonwealth Bank - Australia
- Sindya Power Generating Company Private Ltd
- Dalmia Cement Bharat India
- GMR Energy Limited - India
- Marubeni Corporation - India
- Karaikal Port Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Madhucon Powers Ltd - India
- Iligan Light & Power Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Planning Commission, India
- Neyveli Lignite Corporation Ltd, - India
- Pendopo Energi Batubara - Indonesia
- Metalloyd Limited - United Kingdom
- Siam City Cement - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Simpson Spence & Young - Indonesia
- Wilmar Investment Holdings
- The State Trading Corporation of India Ltd
- Vedanta Resources Plc - India
- Attock Cement Pakistan Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Heidelberg Cement - Germany
- PTC India Limited - India
- Makarim & Taira - Indonesia
- Sakthi Sugars Limited - India
- Ministry of Transport, Egypt
- Interocean Group of Companies - India
- Kapuas Tunggal Persada - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bhushan Steel Limited - India
- CIMB Investment Bank - Malaysia
- Romanian Commodities Exchange
- Maheswari Brothers Coal Limited - India
- Meenaskhi Energy Private Limited - India
- Jaiprakash Power Ventures ltd
- Global Coal Blending Company Limited - Australia
- Eastern Energy - Thailand
- Banpu Public Company Limited - Thailand
- Indogreen Group - Indonesia
- Thai Mozambique Logistica
- Globalindo Alam Lestari - Indonesia
- Oldendorff Carriers - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Riau Bara Harum - Indonesia
- Antam Resourcindo - Indonesia
- Orica Mining Services - Indonesia
- Australian Commodity Traders Exchange
- Electricity Authority, New Zealand
- PowerSource Philippines DevCo
- IHS Mccloskey Coal Group - USA
- Coal and Oil Company - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Salva Resources Pvt Ltd - India
- Ministry of Mines - Canada
- Altura Mining Limited, Indonesia
- Timah Investasi Mineral - Indoneisa
- Lanco Infratech Ltd - India
- Orica Australia Pty. Ltd.
- Petron Corporation, Philippines
- ICICI Bank Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Cement Manufacturers Association - India
- Agrawal Coal Company - India
- Minerals Council of Australia
- TNB Fuel Sdn Bhd - Malaysia
- Trasteel International SA, Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- Videocon Industries ltd - India
- Bangladesh Power Developement Board
- Central Electricity Authority - India
- Kohat Cement Company Ltd. - Pakistan
- Goldman Sachs - Singapore
- Krishnapatnam Port Company Ltd. - India
- Indian Energy Exchange, India
- Sical Logistics Limited - India
- Australian Coal Association
- Merrill Lynch Commodities Europe
- Ind-Barath Power Infra Limited - India
- Africa Commodities Group - South Africa
- SMC Global Power, Philippines
- Wood Mackenzie - Singapore
- PNOC Exploration Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Barasentosa Lestari - Indonesia
- Chettinad Cement Corporation Ltd - India
- Star Paper Mills Limited - India
- Jindal Steel & Power Ltd - India
- GVK Power & Infra Limited - India
- Kumho Petrochemical, South Korea
- Bukit Baiduri Energy - Indonesia
- Independent Power Producers Association of India
- Port Waratah Coal Services - Australia
- Manunggal Multi Energi - Indonesia
- Kartika Selabumi Mining - Indonesia
- Kideco Jaya Agung - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Malabar Cements Ltd - India
- Singapore Mercantile Exchange
- Medco Energi Mining Internasional
- OPG Power Generation Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Sojitz Corporation - Japan
- Bharathi Cement Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
- Mercuria Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Mercator Lines Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Chamber of Mines of South Africa
- Bulk Trading Sa - Switzerland
- Holcim Trading Pte Ltd - Singapore
- ASAPP Information Group - India
- Sinarmas Energy and Mining - Indonesia
- South Luzon Thermal Energy Corporation
- Sarangani Energy Corporation, Philippines
- Indonesian Coal Mining Association
- London Commodity Brokers - England
- Gujarat Mineral Development Corp Ltd - India
- IEA Clean Coal Centre - UK
- Bukit Makmur.PT - Indonesia
- Renaissance Capital - South Africa
- Edison Trading Spa - Italy
- Bank of Tokyo Mitsubishi UFJ Ltd
- Economic Council, Georgia
|
| |
| |
|
