We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Saturday, 22 September 18
FITCH RATINGS: WORLD GROWTH FORECAST CUT ON US-CHINA TRADE BATTLE
 Protectionist US trade policies have now reached the point where they are materially affecting what remains a strong global growth outlook, with the US-China trade battle prompting us to downgrade our 2019 global GDP forecast, says Fitch Ratings in its new Global Economic Outlook (GEO).
“The trade war is now a reality,” said Fitch Chief Economist Brian Coulton. “The recently announced imposition of US tariffs on a further USD200 billion of imports from China will have a material impact on global growth and, even though we have now included the 25% tariff shock in our GEO baseline, the downside risks to our global growth forecasts have also increased,” Coulton added.
Our forecasts now encompass the recent significant escalation in US-China trade restrictions, resulting in a 0.2pp reduction in our 2019 China growth forecast to 6.1% and a 0.1pp reduction in our 2019 global growth forecast to 3.1% since the June GEO.
Despite these forecast adjustments, near-term global growth prospects remain strong with growth forecast to reach 3.3% this year, up from 3.2% in 2017, well above the long-run (post-1990) historical average of 2.6% pa.
But growth is also now becoming less balanced and less synchronised. Aggregate demand is accelerating most rapidly in the economy with the smallest margin of spare capacity, namely the US. This is intensifying the divergence of global monetary policy settings and adding to exchange rate volatility. Against the backdrop of an expected shift to global quantitative tightening (QT) next year, the rising cost of funding in US dollars is likely to continue to create pressures for borrowers in global credit markets given the dollar’s outsized role in international financing. This will take a toll on emerging market (EM) growth, where our forecasts have also been downgraded.
One reason for the divergence in growth prospects is fiscal policy, which is aggressively expansionary in the US but much closer to neutral in the eurozone. Our US growth forecast for 2018 has been revised upwards by 0.1pp to 2.9%. But as US near-term prospects improve, it has become clearer that eurozone growth has peaked and our eurozone 2018 growth forecast has seen a further mark down of 0.3pp in this GEO to 2%.
While China’s recent headline GDP growth numbers have held up well – recording 6.7% yoy in 2Q18 – there is increasing evidence of earlier credit tightening measures dampening domestic demand. We do not expect further policy easing to fully offset the drag from new US tariffs and now see China’s growth slowing to 6.1% next year from 6.6% this year. Our aggregate EM growth forecast for 2018 has been revised down by 0.1pp since the last GEO to 5.2% and for 2019 by 0.3pp to 4.8%.
Slowing global growth in 2019 will be accompanied by an important transition in global monetary policy. Fitch now expects the combined QE asset holdings of the four QE central banks (Fed, ECB, BOJ and BOE) to decline in 2019.
“With the four QE central banks having purchased over USD1 trillion of assets per annum on average since 2009, the prospect of an outright decline in central bank liquidity is likely to have significant ramifications. These could include upward pressures on global bond yields – as the compression of term premiums that followed QE is unwound – and a ratchet up in financial market volatility,” Coulton noted.
Source: Fitch Ratings
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Wednesday, 17 October 18
SHIPPING MARKET INSIGHT - TIMOS PAPADIMITRIOU
In the last three months approximately 72 tankers changed hands involving ships larger than 33kdwt up to VLCC. 43 of those vessels had to do ...
Tuesday, 16 October 18
A PRACTICAL OVERVIEW OF THE IMO 2020 SULPHUR CAP - CLYDE&CO
KNOWLEDGE TO ELEVATE
With less than eighteen months before Regulation 14.1.3 of Annex VI of the MARPOL Convention comes into effect, there are ...
Saturday, 13 October 18
SUPRAMAX: SIGNIFICANT ACTIVITY IN THE INDIAN OCEAN WAS EVIDENT AND RATES JUMPED - BALTIC BRIEFING
Capesize
A sharp reversal of fortunes for the big ships as the week closed after a depressed beginning. To start with drops were sudden, with t ...
Wednesday, 10 October 18
SHIPPING MARKET INSIGHT - ILIAS M. LALAOUNIS
During the end of last month the BHSI was hovering around 630 points, while the last observed sale on a 10-yr old Japanese Handy was the M/V Van Im ...
Monday, 08 October 18
INDONESIAN THERMAL COAL PRICE REFERENCE FELL 3.74% IN OCTOBER 2018
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down the benchmark price of Indonesian thermal ...
|
|
|
Showing 1591 to 1595 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Semirara Mining Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Gujarat Sidhee Cement - India
- Siam City Cement - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Economic Council, Georgia
- Kepco SPC Power Corporation, Philippines
- Central Java Power - Indonesia
- Toyota Tsusho Corporation, Japan
- Iligan Light & Power Inc, Philippines
- San Jose City I Power Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Posco Energy - South Korea
- Aditya Birla Group - India
- Bhoruka Overseas - Indonesia
- Krishnapatnam Port Company Ltd. - India
- India Bulls Power Limited - India
- Therma Luzon, Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Parry Sugars Refinery, India
- Maheswari Brothers Coal Limited - India
- Meralco Power Generation, Philippines
- Cement Manufacturers Association - India
- Mjunction Services Limited - India
- Sakthi Sugars Limited - India
- Ind-Barath Power Infra Limited - India
- Romanian Commodities Exchange
- Port Waratah Coal Services - Australia
- Australian Coal Association
- Attock Cement Pakistan Limited
- Africa Commodities Group - South Africa
- Global Business Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Goldman Sachs - Singapore
- Bhatia International Limited - India
- CNBM International Corporation - China
- Mercuria Energy - Indonesia
- GVK Power & Infra Limited - India
- Energy Link Ltd, New Zealand
- Indian Energy Exchange, India
- Jorong Barutama Greston.PT - Indonesia
- Cigading International Bulk Terminal - Indonesia
- IHS Mccloskey Coal Group - USA
- Edison Trading Spa - Italy
- Barasentosa Lestari - Indonesia
- Manunggal Multi Energi - Indonesia
- Jaiprakash Power Ventures ltd
- Global Green Power PLC Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Thiess Contractors Indonesia
- PowerSource Philippines DevCo
- Samtan Co., Ltd - South Korea
- Bukit Makmur.PT - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Videocon Industries ltd - India
- The Treasury - Australian Government
- The State Trading Corporation of India Ltd
- Directorate General of MIneral and Coal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Petron Corporation, Philippines
- Electricity Generating Authority of Thailand
- Indika Energy - Indonesia
- The University of Queensland
- ASAPP Information Group - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Uttam Galva Steels Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Orica Mining Services - Indonesia
- Kideco Jaya Agung - Indonesia
- Tata Chemicals Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Eastern Coal Council - USA
- Central Electricity Authority - India
- Intertek Mineral Services - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Karaikal Port Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Lanco Infratech Ltd - India
- Oldendorff Carriers - Singapore
- Orica Australia Pty. Ltd.
- Energy Development Corp, Philippines
- Metalloyd Limited - United Kingdom
- Thai Mozambique Logistica
- Indian Oil Corporation Limited
- Bangladesh Power Developement Board
- Heidelberg Cement - Germany
- Ministry of Finance - Indonesia
- GAC Shipping (India) Pvt Ltd
- Sojitz Corporation - Japan
- PNOC Exploration Corporation - Philippines
- Latin American Coal - Colombia
- MS Steel International - UAE
- Ministry of Mines - Canada
- Ambuja Cements Ltd - India
- Eastern Energy - Thailand
- Price Waterhouse Coopers - Russia
- Sree Jayajothi Cements Limited - India
- GMR Energy Limited - India
- Pendopo Energi Batubara - Indonesia
- Jindal Steel & Power Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- South Luzon Thermal Energy Corporation
- Merrill Lynch Commodities Europe
- Kohat Cement Company Ltd. - Pakistan
- Kaltim Prima Coal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Sinarmas Energy and Mining - Indonesia
- Aboitiz Power Corporation - Philippines
- Interocean Group of Companies - India
- Madhucon Powers Ltd - India
- Siam City Cement PLC, Thailand
- Larsen & Toubro Limited - India
- Bayan Resources Tbk. - Indonesia
- Agrawal Coal Company - India
- Billiton Holdings Pty Ltd - Australia
- Rio Tinto Coal - Australia
- Bharathi Cement Corporation - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Anglo American - United Kingdom
- GN Power Mariveles Coal Plant, Philippines
- Bulk Trading Sa - Switzerland
- Sical Logistics Limited - India
- Medco Energi Mining Internasional
- Savvy Resources Ltd - HongKong
- Wood Mackenzie - Singapore
- International Coal Ventures Pvt Ltd - India
- London Commodity Brokers - England
- Coastal Gujarat Power Limited - India
- Carbofer General Trading SA - India
- Alfred C Toepfer International GmbH - Germany
- LBH Netherlands Bv - Netherlands
- Vizag Seaport Private Limited - India
- Renaissance Capital - South Africa
- Standard Chartered Bank - UAE
- Sindya Power Generating Company Private Ltd
- Global Coal Blending Company Limited - Australia
- ICICI Bank Limited - India
- Xindia Steels Limited - India
- Indonesian Coal Mining Association
- TeaM Sual Corporation - Philippines
- VISA Power Limited - India
- Straits Asia Resources Limited - Singapore
- Kartika Selabumi Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Australian Commodity Traders Exchange
- Chamber of Mines of South Africa
- Parliament of New Zealand
- Chettinad Cement Corporation Ltd - India
- Malabar Cements Ltd - India
- Riau Bara Harum - Indonesia
- Kumho Petrochemical, South Korea
- Grasim Industreis Ltd - India
- Borneo Indobara - Indonesia
- OPG Power Generation Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- SMC Global Power, Philippines
- Commonwealth Bank - Australia
- Holcim Trading Pte Ltd - Singapore
- White Energy Company Limited
- Karbindo Abesyapradhi - Indoneisa
- Trasteel International SA, Italy
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wilmar Investment Holdings
- Dalmia Cement Bharat India
- Tamil Nadu electricity Board
- Formosa Plastics Group - Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- Coalindo Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Mercator Lines Limited - India
- Baramulti Group, Indonesia
- Essar Steel Hazira Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Independent Power Producers Association of India
- Makarim & Taira - Indonesia
- McConnell Dowell - Australia
- Georgia Ports Authority, United States
- Altura Mining Limited, Indonesia
- Power Finance Corporation Ltd., India
- Banpu Public Company Limited - Thailand
- Salva Resources Pvt Ltd - India
- PTC India Limited - India
- Vedanta Resources Plc - India
- Marubeni Corporation - India
- SMG Consultants - Indonesia
- Bhushan Steel Limited - India
- Indogreen Group - Indonesia
- New Zealand Coal & Carbon
- Antam Resourcindo - Indonesia
- Indo Tambangraya Megah - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Globalindo Alam Lestari - Indonesia
- Ministry of Transport, Egypt
- Minerals Council of Australia
- Binh Thuan Hamico - Vietnam
- Electricity Authority, New Zealand
- CIMB Investment Bank - Malaysia
- Star Paper Mills Limited - India
- Miang Besar Coal Terminal - Indonesia
- Coal and Oil Company - UAE
- Simpson Spence & Young - Indonesia
- Planning Commission, India
- European Bulk Services B.V. - Netherlands
- IEA Clean Coal Centre - UK
- Gujarat Electricity Regulatory Commission - India
- Singapore Mercantile Exchange
- Directorate Of Revenue Intelligence - India
- Deloitte Consulting - India
- Mintek Dendrill Indonesia
- Semirara Mining and Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
|
| |
| |
|
