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.
|
|
Monday, 17 September 18
SMALL PERCENTAGE OF THE WORLD FLEET WILL FIT SCRUBBERS - FORECASTS : METTE KRONHOLM FRAENDE
In recent months, there have been numerous reports of a strong pick-up in demand for scrubbers. On 1 January 2020, however, the number of ships fit ...
Saturday, 15 September 18
POWERING SUSTAINABLE DEVELOPMENT WITH LOW EMISSION COAL TECHNOLOGIES - WCA
In its 5th Strategic Energy Plan this year (2018), the Japanese Cabinet recognised coal as an important energy resource, necessary for the country& ...
Friday, 14 September 18
10 YEARS ON FROM LEHMAN, HOW IS SHIPPING'S "HANGOVER"? - CLARKSONS RESEARCH
On 15th September 2008, the collapse of Lehman Brothers crystallised the financial crisis and the onset the worst economic downturn for a century. ...
Thursday, 13 September 18
OPEC SEES SLOWER 2019 OIL DEMAND GROWTH, WARNS ON ECONOMY
Crude Oil Price Movements
In August, the OPEC Reference Basket declined by $1.01 m-o-m, settling at $72.26/b. Crude oil futures were also down ...
Thursday, 13 September 18
SUPRAMAX: INDO-INDIA COAL RUN WAS FIXED CLOSE TO $16000 ON ULTRA - FEARNLEYS
Capesize
Rates took a further drop in the beginning of the week, to later find a floor around mid-week reaching mid USD 7 level for c5 and just ...
|
|
|
Showing 1616 to 1620 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Vizag Seaport Private Limited - India
- Bhushan Steel Limited - India
- Jaiprakash Power Ventures ltd
- Semirara Mining and Power Corporation, Philippines
- Trasteel International SA, Italy
- Indo Tambangraya Megah - Indonesia
- Lanco Infratech Ltd - India
- Ceylon Electricity Board - Sri Lanka
- CIMB Investment Bank - Malaysia
- Tata Chemicals Ltd - India
- Goldman Sachs - Singapore
- Wilmar Investment Holdings
- Australian Commodity Traders Exchange
- Central Electricity Authority - India
- Electricity Generating Authority of Thailand
- Grasim Industreis Ltd - India
- Holcim Trading Pte Ltd - Singapore
- GAC Shipping (India) Pvt Ltd
- Kalimantan Lumbung Energi - Indonesia
- Deloitte Consulting - India
- International Coal Ventures Pvt Ltd - India
- London Commodity Brokers - England
- Orica Mining Services - Indonesia
- Sarangani Energy Corporation, Philippines
- Mercuria Energy - Indonesia
- Eastern Energy - Thailand
- India Bulls Power Limited - India
- Coastal Gujarat Power Limited - India
- Altura Mining Limited, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Global Green Power PLC Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Siam City Cement - Thailand
- Samtan Co., Ltd - South Korea
- Essar Steel Hazira Ltd - India
- IHS Mccloskey Coal Group - USA
- Indian Energy Exchange, India
- Malabar Cements Ltd - India
- Vedanta Resources Plc - India
- The University of Queensland
- TeaM Sual Corporation - Philippines
- GMR Energy Limited - India
- Indika Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Attock Cement Pakistan Limited
- Maharashtra Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- Directorate Of Revenue Intelligence - India
- Karaikal Port Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Eastern Coal Council - USA
- Agrawal Coal Company - India
- Maheswari Brothers Coal Limited - India
- Alfred C Toepfer International GmbH - Germany
- TNB Fuel Sdn Bhd - Malaysia
- Orica Australia Pty. Ltd.
- Gujarat Mineral Development Corp Ltd - India
- Heidelberg Cement - Germany
- McConnell Dowell - Australia
- VISA Power Limited - India
- Independent Power Producers Association of India
- Karbindo Abesyapradhi - Indoneisa
- Port Waratah Coal Services - Australia
- Ministry of Mines - Canada
- Petron Corporation, Philippines
- ASAPP Information Group - India
- CNBM International Corporation - China
- Asmin Koalindo Tuhup - Indonesia
- Bhatia International Limited - India
- Madhucon Powers Ltd - India
- Formosa Plastics Group - Taiwan
- Bharathi Cement Corporation - India
- PNOC Exploration Corporation - Philippines
- Latin American Coal - Colombia
- Price Waterhouse Coopers - Russia
- Planning Commission, India
- AsiaOL BioFuels Corp., Philippines
- Uttam Galva Steels Limited - India
- Ministry of Finance - Indonesia
- Therma Luzon, Inc, Philippines
- Global Business Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Carbofer General Trading SA - India
- Chettinad Cement Corporation Ltd - India
- Rio Tinto Coal - Australia
- Cement Manufacturers Association - India
- SN Aboitiz Power Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Siam City Cement PLC, Thailand
- MS Steel International - UAE
- Indogreen Group - Indonesia
- Metalloyd Limited - United Kingdom
- Electricity Authority, New Zealand
- Sakthi Sugars Limited - India
- Mjunction Services Limited - India
- Borneo Indobara - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Renaissance Capital - South Africa
- Bangladesh Power Developement Board
- Sical Logistics Limited - India
- San Jose City I Power Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Africa Commodities Group - South Africa
- The Treasury - Australian Government
- Mintek Dendrill Indonesia
- Barasentosa Lestari - Indonesia
- Chamber of Mines of South Africa
- Bukit Makmur.PT - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Aboitiz Power Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- South Luzon Thermal Energy Corporation
- Global Coal Blending Company Limited - Australia
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Transport, Egypt
- Neyveli Lignite Corporation Ltd, - India
- European Bulk Services B.V. - Netherlands
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Semirara Mining Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- PowerSource Philippines DevCo
- Banpu Public Company Limited - Thailand
- Salva Resources Pvt Ltd - India
- Makarim & Taira - Indonesia
- Standard Chartered Bank - UAE
- Sindya Power Generating Company Private Ltd
- Kaltim Prima Coal - Indonesia
- Indian Oil Corporation Limited
- Romanian Commodities Exchange
- Bhoruka Overseas - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bulk Trading Sa - Switzerland
- Georgia Ports Authority, United States
- Wood Mackenzie - Singapore
- Interocean Group of Companies - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SMG Consultants - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pendopo Energi Batubara - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Savvy Resources Ltd - HongKong
- Intertek Mineral Services - Indonesia
- Jindal Steel & Power Ltd - India
- Economic Council, Georgia
- The State Trading Corporation of India Ltd
- Kartika Selabumi Mining - Indonesia
- Ambuja Cements Ltd - India
- Posco Energy - South Korea
- Australian Coal Association
- SMC Global Power, Philippines
- Anglo American - United Kingdom
- New Zealand Coal & Carbon
- Leighton Contractors Pty Ltd - Australia
- Commonwealth Bank - Australia
- Antam Resourcindo - Indonesia
- Sojitz Corporation - Japan
- Timah Investasi Mineral - Indoneisa
- Indonesian Coal Mining Association
- GVK Power & Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- Aditya Birla Group - India
- Parliament of New Zealand
- White Energy Company Limited
- Sree Jayajothi Cements Limited - India
- Ind-Barath Power Infra Limited - India
- Thiess Contractors Indonesia
- Xindia Steels Limited - India
- Minerals Council of Australia
- Directorate General of MIneral and Coal - Indonesia
- Thai Mozambique Logistica
- Billiton Holdings Pty Ltd - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coalindo Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- Videocon Industries ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Dalmia Cement Bharat India
- Toyota Tsusho Corporation, Japan
- LBH Netherlands Bv - Netherlands
- IEA Clean Coal Centre - UK
- Iligan Light & Power Inc, Philippines
- Power Finance Corporation Ltd., India
- Coal and Oil Company - UAE
- Star Paper Mills Limited - India
- Simpson Spence & Young - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Tamil Nadu electricity Board
- Medco Energi Mining Internasional
- Miang Besar Coal Terminal - Indonesia
- Baramulti Group, Indonesia
- Meralco Power Generation, Philippines
- Merrill Lynch Commodities Europe
- Marubeni Corporation - India
- Parry Sugars Refinery, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Energy Link Ltd, New Zealand
- PTC India Limited - India
- Central Java Power - Indonesia
- Kumho Petrochemical, South Korea
- Mercator Lines Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Riau Bara Harum - Indonesia
- Singapore Mercantile Exchange
- Edison Trading Spa - Italy
- Kepco SPC Power Corporation, Philippines
- Energy Development Corp, Philippines
- ICICI Bank Limited - India
- Gujarat Sidhee Cement - India
- Kideco Jaya Agung - Indonesia
- OPG Power Generation Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Meenaskhi Energy Private Limited - India
|
| |
| |
|
