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Monday, 16 December 19
THE OUTLOOK FOR U.S. THERMAL COAL IS INCREASINGLY STRESSED - MOODY'S
 - Slowing global economic growth, trade tensions will continue to exert influence
- Coal's secular decline will persist in 2020
Moody's Investors Service maintains negative 2020 outlooks for the US coal and US steel industries and a stable outlook for the global base metals sector, amid slowing economic growth and trade frictions, the rating agency says in its annual report.
The stable outlook for global base metals is driven by supply/demand fundamentals despite weaker GDP rates and lower Purchasing Managers Indexes (PMIs). However, a challenging macro operating environment warrants some caution for the sector.
"Geopolitical and economic concerns as well as trade tensions will once again overshadow the global base metals markets in 2020, continuing the pressures experienced as 2019 as deceleration in global economies took hold," says Carol Cowan, Moody's Senior Vice President. "ESG considerations will also continue to increase in visibility, demanding more transparency and improvement from the industry."
Moody's negative outlook for the US steel industry reflects its expectation that weaker fundamentals will hold in 2020, prices will not rebound significantly and planned new capacity will weigh on market sentiment.
"It's a tale of 2 steels – EAF producers will continue to benefit from lower scrap costs, helping mitigate lower realized steel prices, while blast furnace producers will continue to face higher iron ore costs and likely-increasing costs related to environmental compliance," says Cowan.
Meanwhile, Moody's expects US coal producers' cumulative EBITDA to decline by more than 3% over the next 12 months, due to a substantive decrease in export prices in 2019 among other factors.
"The outlook for thermal coal is increasingly stressed, with ESG factors weighing heavily on demand from utilities," says Benjamin Nelson, Moody's VP-Senior Credit Officer. "Our long-term outlook for North American thermal coal calls for a substantial volume reduction over the next decade, driven by utilities switching to natural gas, where we expect prices will remain low, and renewable energy, which still benefit from government subsidies."
Moody's outlooks for 2020 consider fundamental credit conditions that will affect sectors for the next 12-18 months.
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Friday, 13 August 21
INDONESIA’S COAL EXPORTS TO JAPAN DECLINED BY -26.3% YOY TO 11.9 MLN TONNES IN THE FIRST 7 MONTHS OF 2021; STILL THE SECOND LARGEST SOURCE FOR JAPAN’S COAL IMPORTS IS INDONESIA - BANCHERO COSTA
2020 proved to be a truly terrible year for global seaborne coal trade. Total global loadings in the 12 months of 2020 were down -12.7% year-on-yea ...
Thursday, 12 August 21
ONLY 3 VLCCS SOLD FOR DEMOLITION IN 2021 AS SECONDHAND PRICES TEMPT - BIMCO
During the first seven months of 2021, only three actively trading Very Large Crude Carriers (VLCCs) have been sold for demolition. The current mar ...
Wednesday, 11 August 21
U.S: EIA EXPECTS COAL EXPORTS TO TOTAL 90 MMST IN 2021, 30% INCREASE FROM 2020
Coal production in EIA's forecast totals 607 million short tons (MMst) in 2021, an increase of 13% over 2020.
EIA is also ...
Wednesday, 11 August 21
MARKET INSIGHT - INTERMODAL
Energy is at the core of the global climate dialogue as the climate challenge is essentially an energy challenge. Policy experts around the world a ...
Tuesday, 10 August 21
34 INDONESIAN COAL COMPANIES TEMPORARILY BANNED FOR COAL EXPORTS
The Ministry of Energy and Mineral Resources (ESDM) has imposed sanctions in the form of a coal export ban for 34 coal companies as reported by CNB ...
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- Siam City Cement - Thailand
- Rio Tinto Coal - Australia
- Kideco Jaya Agung - Indonesia
- Therma Luzon, Inc, Philippines
- Power Finance Corporation Ltd., India
- London Commodity Brokers - England
- Sinarmas Energy and Mining - Indonesia
- The Treasury - Australian Government
- Ceylon Electricity Board - Sri Lanka
- Semirara Mining Corp, Philippines
- Samtan Co., Ltd - South Korea
- Central Java Power - Indonesia
- Posco Energy - South Korea
- Uttam Galva Steels Limited - India
- Thiess Contractors Indonesia
- Wilmar Investment Holdings
- Oldendorff Carriers - Singapore
- GMR Energy Limited - India
- Formosa Plastics Group - Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Agrawal Coal Company - India
- Salva Resources Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Eastern Coal Council - USA
- Madhucon Powers Ltd - India
- Tata Chemicals Ltd - India
- GAC Shipping (India) Pvt Ltd
- Billiton Holdings Pty Ltd - Australia
- ICICI Bank Limited - India
- Romanian Commodities Exchange
- The University of Queensland
- Australian Commodity Traders Exchange
- Riau Bara Harum - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Alfred C Toepfer International GmbH - Germany
- Medco Energi Mining Internasional
- Sree Jayajothi Cements Limited - India
- GN Power Mariveles Coal Plant, Philippines
- PowerSource Philippines DevCo
- Mercuria Energy - Indonesia
- Heidelberg Cement - Germany
- SN Aboitiz Power Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Bukit Baiduri Energy - Indonesia
- Sakthi Sugars Limited - India
- Kobexindo Tractors - Indoneisa
- Kumho Petrochemical, South Korea
- Marubeni Corporation - India
- Attock Cement Pakistan Limited
- Petron Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Lanco Infratech Ltd - India
- Electricity Generating Authority of Thailand
- Parliament of New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kartika Selabumi Mining - Indonesia
- Maheswari Brothers Coal Limited - India
- Economic Council, Georgia
- Wood Mackenzie - Singapore
- Orica Mining Services - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Indian Oil Corporation Limited
- PNOC Exploration Corporation - Philippines
- Central Electricity Authority - India
- Sindya Power Generating Company Private Ltd
- Latin American Coal - Colombia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- PetroVietnam Power Coal Import and Supply Company
- Bhushan Steel Limited - India
- Deloitte Consulting - India
- Energy Development Corp, Philippines
- Bangladesh Power Developement Board
- IEA Clean Coal Centre - UK
- Sojitz Corporation - Japan
- Coalindo Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Goldman Sachs - Singapore
- Mercator Lines Limited - India
- Thai Mozambique Logistica
- Karbindo Abesyapradhi - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- Jaiprakash Power Ventures ltd
- SMG Consultants - Indonesia
- European Bulk Services B.V. - Netherlands
- Energy Link Ltd, New Zealand
- Meralco Power Generation, Philippines
- Cement Manufacturers Association - India
- Binh Thuan Hamico - Vietnam
- Kapuas Tunggal Persada - Indonesia
- Manunggal Multi Energi - Indonesia
- Essar Steel Hazira Ltd - India
- The State Trading Corporation of India Ltd
- Ministry of Mines - Canada
- VISA Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Kalimantan Lumbung Energi - Indonesia
- Bhatia International Limited - India
- CIMB Investment Bank - Malaysia
- Kepco SPC Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Mjunction Services Limited - India
- Independent Power Producers Association of India
- Altura Mining Limited, Indonesia
- MS Steel International - UAE
- Tamil Nadu electricity Board
- Makarim & Taira - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Malabar Cements Ltd - India
- Intertek Mineral Services - Indonesia
- Vizag Seaport Private Limited - India
- IHS Mccloskey Coal Group - USA
- Minerals Council of Australia
- SMC Global Power, Philippines
- Siam City Cement PLC, Thailand
- San Jose City I Power Corp, Philippines
- Karaikal Port Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Edison Trading Spa - Italy
- Aditya Birla Group - India
- Indo Tambangraya Megah - Indonesia
- Australian Coal Association
- India Bulls Power Limited - India
- Africa Commodities Group - South Africa
- Chamber of Mines of South Africa
- Grasim Industreis Ltd - India
- Globalindo Alam Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- Standard Chartered Bank - UAE
- Meenaskhi Energy Private Limited - India
- GVK Power & Infra Limited - India
- Indian Energy Exchange, India
- Sical Logistics Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Chettinad Cement Corporation Ltd - India
- LBH Netherlands Bv - Netherlands
- Electricity Authority, New Zealand
- Vedanta Resources Plc - India
- PTC India Limited - India
- Indonesian Coal Mining Association
- Coastal Gujarat Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Port Waratah Coal Services - Australia
- Parry Sugars Refinery, India
- Asmin Koalindo Tuhup - Indonesia
- Bayan Resources Tbk. - Indonesia
- Larsen & Toubro Limited - India
- Sarangani Energy Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- White Energy Company Limited
- Bukit Makmur.PT - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Bulk Trading Sa - Switzerland
- Xindia Steels Limited - India
- Antam Resourcindo - Indonesia
- Gujarat Sidhee Cement - India
- Neyveli Lignite Corporation Ltd, - India
- AsiaOL BioFuels Corp., Philippines
- Ministry of Transport, Egypt
- Global Business Power Corporation, Philippines
- Georgia Ports Authority, United States
- Anglo American - United Kingdom
- Bharathi Cement Corporation - India
- CNBM International Corporation - China
- Dalmia Cement Bharat India
- Orica Australia Pty. Ltd.
- Directorate Of Revenue Intelligence - India
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Eastern Energy - Thailand
- Star Paper Mills Limited - India
- Pendopo Energi Batubara - Indonesia
- ASAPP Information Group - India
- Interocean Group of Companies - India
- Mintek Dendrill Indonesia
- Global Green Power PLC Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Simpson Spence & Young - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Trasteel International SA, Italy
- Coal and Oil Company - UAE
- Cigading International Bulk Terminal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Videocon Industries ltd - India
- Carbofer General Trading SA - India
- Commonwealth Bank - Australia
- Iligan Light & Power Inc, Philippines
- Indogreen Group - Indonesia
- Singapore Mercantile Exchange
- Toyota Tsusho Corporation, Japan
- Semirara Mining and Power Corporation, Philippines
- Planning Commission, India
- International Coal Ventures Pvt Ltd - India
- Merrill Lynch Commodities Europe
- New Zealand Coal & Carbon
- Metalloyd Limited - United Kingdom
- Bhoruka Overseas - Indonesia
- Ambuja Cements Ltd - India
- Renaissance Capital - South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- Indika Energy - Indonesia
- Baramulti Group, Indonesia
- Banpu Public Company Limited - Thailand
- Global Coal Blending Company Limited - Australia
- Leighton Contractors Pty Ltd - Australia
- Savvy Resources Ltd - HongKong
- Jindal Steel & Power Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Borneo Indobara - Indonesia
- TeaM Sual Corporation - Philippines
- McConnell Dowell - Australia
- Ind-Barath Power Infra Limited - India
- OPG Power Generation Pvt Ltd - India
- South Luzon Thermal Energy Corporation
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